BURSA_Ninja

BURSA_Ninja Updated 

This counter is trading above the 2-50-200 EMAs with the RSI at the 50 level. With the flag formation, we are expecting a breakout for an uptrend continuation. A big candle with strong volume breaking 0.675 will signal the imminent breakout.

BURSA_Ninja

Trading above the 2-50-200 EMAs, it is on an uptrend. It is not yet overbought. We can monitor for a breakout at the major Resistance of 2.75. It is also observed that it is now trading at the level of 0.618 of Fib Retracement. A strong breakout is possible if it repeats the power moves in Dec 2021 & Jan 2023. We are also now moving into the year end / new year...

BURSA_Ninja

The blue trendlines indicate the countinuation of an uptrend. The fast 20 EMA is expected to cross the mid 50 EMA in the next few candles. It is now trading above the Resistance of 1.23 TP1 1.27 is within reach should the momentum be sustained. Indicators are positive.

BURSA_Ninja

I will wait for the fast 20 & mid 50 EMAs to cross slow 200 EMA on (W) timeframe before adding to my Watchlist.

BURSA_Ninja

Trading above 20 - 50 - 200 EMAs. Watch for resistance breakout.

BURSA_Ninja

Trading above EMAs 20-50-200 and in a parallel channel. Still on an uptrend. Watch for a big candle with volume & MACD crossover for continuation of upward momentum.

BURSA_Ninja

It has been in range-bound trading since July. No indication of any imminent breakout.

BURSA_Ninja

It is trading above the EMAs 20-50-200 & taking a break now. Monitor for breakout for a bullish trend continuation.

BURSA_Ninja Updated 

I will only trade this counter when the Trendline is broken with a big candle + high volume. The price must be above EMAs 20 - 50 - 200 before it goes into my Watchlist.

BURSA_Ninja

I usually start with a higher weekly timeframe to analyze the market structure & will only go into the Daily timeframe, or lower, if the weekly chart is interesting. I am not expecting much action until the Resistance of 0.59 is broken. As per title, it is now trading in a Consolidation phase after the sharp Down Trend from Apr 11th to Jun 13th last year.

BURSA_Ninja

Note: EMA 20 & 50 converging at 0.30 Resistance is strong. Status: Monitor for power move in either direction

BURSA_Ninja

YTL Power has made a power move today. By mid-day, a long candle has formed, driven by volume about the same size as the volume for the full day yesterday. It has been in range-bound trading in the past 9 weeks. Signs are good for a strong bullish rally. How high will it go? Fib Retracement Ext has TP at 2.50

BURSA_Ninja

Since its explosive move on 03/07/23, it has been trading in the range of 0.96 to 1.08 It is trading above EMAs 20 - 50 - 200 & its RSI is at the upper range (about 70%). Will we see another explosive move like the one on 3rd July? For now, monitor for a power move and hopefully not a trend reversal.

BURSA_Ninja

Using a higher timeframe (Weekly) to analyse the chart because it is in a consolidation stage. RSI is at about 65 % & it is trading above the 3 EMAs, 20 - 50 -200. For monitoring when it tests the Resistance.

BURSA_Ninja

Will it break Resistance to reverse the previous Down Trend? Its EMA 20 is below the 200 & 50. Look for a bullish confirmation (candlestick and indicators) when it breaks Resistance.

BURSA_Ninja Updated 

On an Uptrend with immediate support at 3.28 TP1 is 3.7 Weekly timeframe is also bullish

BURSA_Ninja

The upward trend is strong as indicated by the Trendline. Having broken a major resistance, the bull remains strong. If in the money, Ride the Trend.

BURSA_Ninja

It has been on a downtrend since last March. We are now seeing a 2nd trend reversal since then. However, it has yet to break out from the main downtrend. For this pullback, the Resistance breakout at 0.84 with a long candlestick & high volume will signal the continuation of this reversal. TP1 is 0.99 & TP2 is 1.115