Shooting star candle has pattern on weekly chart seems its sign of strong bull has kick in. stay above the horizontal support at 0.175, the stocks still good. wait for bo to antam
Olympic 2020 has just ended today, so lets have a fun with the title for this weeks analysis.
TFP (actually stands for "elecommunications, FinTech, and App Platform") such a long name. "Tak Fly Pun?" means not yet fly yet?
Analysis
1. Starting forming a uptrend with a cup and handle pattern.
2. Volume start to kick in after forming the cup...
My Analysis
1. Forming a long term bullish flag with healthy volume spikes.
2. Washed down in the last few days. Price maintain at support region.
3. Recently, the company announces good news and the prices got sold down. (sell on news). So far they have announced multiple MOUs with business and associations.
4. Beside going into the e-wallet business, TFP is...
The most of strongest Momentum wave - Golden Wave (impulse)
Criteria :
Minor wave 3 in 3rd impulse major Elliot Wave
Strong Bullish Momentum volume unusual
Steepness of a trend line increases from 45% to 70% deg
Strong Break in bar retracement symmetry leading to a change in trend behavior
Bullish gap up price action
Sektor: Technology
Sub Sektor: Digital Services
Status Indeks: Buat HH dan meneruskan kenaikan (uptrend)
Status Fundamental: -
Trading Plan:
Target Price 1 (TP1) - 0.245
Target Price 2 (TP2) - 0.265
Strong Support (SS) - 0.165
Cutloss (CL) - 0.155
Komen 1: TFP dalam keadaan uptrend dan sedang buat HL setelah breakout R3 dengan high volume. Mencuba untuk breakout...
MYX:0145
Currently trading at RM 0.125. Expecting the price will push back to previous RM 0.175. Today released a good result, tomorrow might have an opportunity for trading. Be ready for an unexpected sell down also.
Becareful with this counter as this is a well monitor/ control counter. Don't mess up with operator.
Target - RM 0.150, RM 0.175, RM 0.200 and...
