Comment for daily chart :
1) TrendX+ indicator - moves above green mid-term trendline.
2) DDX+ indicator - moves above green trend-cross and also zero-axis.
3) MCDX+ indicator - banker bar (red) getting stronger while retailer bar (turquoise) gone since the first BO of Neckline A.
4) The circles indicate higher volume activity.
Support & Resistance:
R :...
This is only my opinion and based on what i have learn so far.
Hiaptek break previous Resistance at 0.510 with quite high volume which bring new pattern.
Support Line: 0.510
Resistance Line 1: 0.550
Resistance Line 2: 0.615
Need someone to add up if there is mistake in my view.
HIAP TECK ( Steel Products Manufacturer ) probably at the last leg up to complete expanding flat pattern ABC (Red Circled) . BUT price might still having about 80% upside potential..where price could reach at around RM0.930
MYX:HIAPTEK
Currently Hiaptek is forming a Cup and Handle pattern with a slight breakout from the handle during the previous trading day.
Hiaptek needs to break a few Resistance in order to perform a successful breakout, with high volume supporting it.
From the chart, we can see that the previous cup and handle formed by HIAPTEK a few months back is quite a...
My first time posting here as a beginner trader! Testing my ideas to see ifI see a potential cup and handle forming here, at the time of posting the cup section is coming to an end over the next couple weeks. Then if a handle forms, can go long after the breakout from the dip. Any feedback welcome as I am still learning technical analysis and gaining experience.
Just broke short trendline with solid volume
Rebound at trendline
Price close above ichi cloud
Still got the momentum to go up
Not fully overbought yet
EP above 0.425
R/TP: 0.485 / 0.515 / 0.545
Hiaptek- trend yang cantik market lebih kepada uptrend, harga tertahan pada 0.470 baru sahaja menyentuh support dijangka harga mampu mencapai 0.515. sekiranya harga meembusi 0.545, harga semestinya pergi jauh hingga 0.747 dari analisis fibo juga menyokong support yang berlaku.
We observe flag pattern after 40 bids jump in early December. We also spot a reversal candle (hammer) inside the flag which could indicate reversal of plag pattern. MACD gives early breakout signal with RSI still showing momentum. Volume is lower in the flag which gives a good signal.
EP 0.505
TP 0.535 (+6%), 0.630 (+24% Fibo 1.272 target), 0.705 (+39% Pole...
HIAPTEK (5072)
Newly formed uptrend stock.
To breakout from its sideways resistant RM0.250
Midpoint at RM0.220.
A breakout to go higher up towards RM0.330
