Price has tested resistance formed since September 2023 with some low volume selling on 9.1.2024. Long & short term moving averages have aligned. MACD shows bullish momentum. Between Oct to Nov 2023, prices have tested support with low volume as well as two shakeouts. Wyckoff accumulation pattern also appears to near its end with possible SOS. If price manage...
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.
Already break resistance 0.05. Anticipating a long position from current price 0.08. tried to enter at 0.065 but didnt manage to get it. Awaiting some retracement to buy. Since this is super penny stock, utmost cautious need to be observed. Not suitable for low-risk investors. P/s: Not a Buy/Sell call. Please due diligence before enter any trade. Follow me in...
We had seen a good rejection at 0.035 for the stock in which it closed the past week with bullish engulfing candle. However, the selling pressure for the stock is still yet over. As such, i personally opined that the price will be stagnant untill the realization of ICPS presumably by end of February this year. HTF: Uptrend LTF: Natural Long 0.045 TP 0.100...
The stocks is currently in its retracement phase. HTF: Uptrend LTF: Downtrend Long 0.895 TP 4.900 *This sharing of analysis shall not be treated as financial advice. Trade at your own risk*
Uptrend is still there, can the share price continue going up? Let's see... Trade at your own risk
The support level is around RM0.295, but a safer stop loss would be RM 0.285 to avoid getting stopped out prematurely The resistance level is around RM 0.350, followed by RM0.410, but the target price is set to RM0.390 to ensure a 1:2 risk/reward ratio The holding period is estimated to be 2-3 months based on the daily chart signal Be careful as this is a...
The price candlestick indicates a divergence because the price moves in the direction opposite from the previous candlesticks. With volumes exceeding the MA line due to fresh buyer interest. The price channel is used to indicate lower trend line marks support. MACD and RSI indicators also indicated a divergence signal aligned with the price divergence towards the...
This is actually a repeated signal which was observed on 19 De 23 at the same price based on MRV1 setup. Support area could be established at equilibrium support area of RM0.210 which is also the suggested stop loss to maintain minimum risk of 10%. Stop loss aligns with next support area based on equilibrium. Target price set at RM0.280 with a 1:2...
Buy signal for SENHENG observed on 5th Jan '24 at RM0.340 based on MRV1 setup. Support area could be established at equilibrium support area of RM0.325. Suggested stop loss set lower at RM0.305 to maintain minimum risk of 10%. Stop loss aligns with next support area based on equilibrium. Target price set at RM0.410 with a 1:2 risk/reward ratio. Option to...
The price candlestick indicates an accumulation pattern where the price moves in a sideways range for an extended period before attempting to break out the upper line of the price channel. With the result in volume exceeded the MA line. MACD and RSI indicators indicate a positive momentum and are aligned with the price candlestick. Let's save MFLOUR in WL and...
R at 0885 area. Be careful of profit taking. Always protect downside.
Need to stay intact with uptrend channel, once broken may look ugly. R at 0245. Let see how it go.
>> Hull MA still red >> Possible to rebound at EMA 7 area? >> If operators keen to play one more round, they might do something to push up the price. 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. Disclaimer: Mentioned stocks are...
This is a repeated signal that was triggered multiple times, but the focus is on the one that happened on 14 Dec 2023 at the closing price of RM0.335. The support area could be established at the equilibrium support area of RM0.300, which is also suggested as the stop loss to maintain a minimum risk of 10% based on the price. The target price is somewhere...
This is a repeated signal that was triggered on 26 Dec 2023 at the closing price of RM0.230. The support area could be established at the equilibrium support area of RM0.215. Suggested stop loss at RM0.205 to comply with the minimum risk of 10% based on the price. The target price is at RM0.280 with a 1:2 risk/reward ratio, aligning with the equilibrium...
This is the first signal following the retracement due to a sudden spike in both price and volume. The support area could be established at the equilibrium support area of RM0.200. Suggested stop loss at RM0.195 to comply with the minimum risk of 10% based on the price. Consider setting the stop loss around the next equilibrium support area at RM0.165 due...