FCPO looks heavy. The drop might not ended yet but there might be a retracement higher. At this current level standing aside might be a good idea. Monday price action might be a good indicator on where price will go this week. Stand aside for now until new signal emerges.
From weekly chart, we can see the price in a consolidation like a pennant. Also, during the consolidation, the volume getting smaller starting from 4 Sep 2023 until 18 April 2024 which we can consider a good trend.
In view of Spring Setup, i decided to go long for short term trade position initiated as attaached
>> Stochastic oversold >> RSI overbought >> 0.380 as support Let see whether it can breakout.... When the market moves where, and how, and if - these are all unknown. The only thing which we can control is our risk. Focus on risk management! Keep the long term vision.
Time Cycle Analysis: UEMS above 0.89 is bullish, below 0.89 is bearish. On 8 April 2024, total solar eclipse will cross North America, passing over Mexico, the United States, and Canada which according to Chinese Ancient Culture, it will be associated with bad qi. Based on visual inspection, under base-case scenario the descending flight 5148 will touchdown...
This is an atypical Re-Accumulation of Schematic #2 (Rising Bottom) Latest price BO possibly indicating of JAC (Crossing the creek) as mentioned by Bob (Senior Wyckofian Scholar) Im hoping that there will be a temporary re-trace for BUEC position initiated as attached Pure Wyckoff
Pros 1. Near 52 weeks new high, 7% below 52 weeks high 2. Price above 10 & 20MA, 10MA above 20MA 3. Low volume pullback to previous resistance 4. Previous resistance, 10 & 20 MA as support 5. Double bottom setup Cons 1. Low volume stock, risk of gap Buy on price and volume increase
Listed since February. Currently below IPO price. >> Price below Hull MA >> Oversold counter Didn't see any strong reversal. Either skip or monitor if interested into this counter. When a stock / index has gone up substantially, we must be more care if we decide to get involve in it... monitor closely and be agile.... we cannot PREDICT what definitely will...
This is more to swing Wait for reaction at 50% level. If price close above 4040 probably trend will change and can look forward to long after breakout reversal. If breakout do occur, expect price go to HnS/QM Level based on Fibonacci Level.
>> Price blow Hull MA >> Broken support and EMA 20. >> Dropped more than -12% from 0.545 >> Stochastic oversold. Collect cheap? Nope. I will wait for stronger reversal signal. Or else just let it find the bottom. Beginner traders: Looking to buy at bottom and sell at top Profitable traders: Looking for high probability moves while covering their...
Currently, the Moving Averages (9 and 21) maintain a downward slope, signaling a bearish trend. The price action in the H4 timeframe corresponds to the Fair Value Gap (FVG) zone, indicating a critical area for potential market movement. To initiate a bullish trajectory, a decisive breakthrough of the FVG zone is necessary. Additionally, the strength indicator,...
The current point exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
Perdana looks like to form another flag pattern. Depends on the volume of today's transaction and energy index, if today's close with a form of reversal candles and big volume this will create another momentum.
We can see from the chart the stock has fallen from 52wh and consolidate. Then, the price is contracted from 39.48% to 7.86% starting from 13 March 2024 until 18 April 2024 with low volume. Today (19 April 2024), the price break the resistance with a volume. This can be a sign of rebound for the stock.
Nice Gap today with huge demand -a typical JAC (Jump across the creek) position intiated as attached Absolute Pure Wyckoff
My previous hypothesis still remained valid Latest price action, from my POV is that, it is re-accmulating (Step Stone) I am attracted to the bar on 27/2/24 -this is what wyckoffian termed as CO Rotation (Changing of Hands) Position Re- initiated as attached since last i sold it -Absolute pure wyckoff-
Based on BIgger view, i am seeing a Schematic #2 of Accumulation (Rising Bottom) past few weeks, supply has been evaporating multiple stepping stones formed Thus i initiated position as attached pure wyckoff
The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives opened lower today. At 9.27 am, the spot month April 2024 contract eased 1.5 points to 1,538.0 and May 2024 declined 1.0 points to 1,540.0. The June 2024 and September 2024 notes inched down 2.5 points each to 1,539.0 and 1,527.0, respectively. Turnover stood at 1,454 lots...