1. Price candle break out MA 200 on 7 June '23 give strong signal the price movement may change direction to bullish soon.
2. Price candle testing MA 200 on 25 Aug '23 to 29 Aug '23 to shake out weak retailers. Price candles break out MA 200 again on 30 Aug '23.
3. GC (Golden Cross) MA 50 & MA 20 happen on 16 June '23 give another strong signal the price is build...
JFTECH Time Frame Daily
Hai Traders
This chart nice to review
Already breakout down trendline
When break 1.20 this RBS possible whan to giong to higher
#thisonlyforpredectionstudy
#thisnotforbuycallorbuysell
#chartpattern
#TAYOR
#MFM.TRADER
Based on weekly chart, the price start to moves up from the oversold region as well as from MA50. Not only that, the price breakout today (6 June 2023) with a large volume. It will be good if the price can breakout from MA20 and forming a higher low (on weekly chart).
Idea made based on the combination of support resistance, gann chart, fibo and pva
fibo tp 1 @ 1.04
tp 2 @ 1.32
this is just an idea not a buy call. feel free to do your own technical analysis / fundamental analysis before entry :)
TAYOR
JFTECH dalam range sideway selepas buat kenaikan
boleh perhatikan
ada tanda2 akan baut lagi kenaikan
market strucutre masih dalam uptren HH HL
boleh cari entry yang tepat.
Sign of Weakness in the chart:
1. Red Pentagon below 20/40ma
2. Upbar low volume
3. UT and ND near 20ma
4. Negative Pentagon Flow
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Relevant fibo levels in the pattern are as per chart.
This pattern is identical to Gartley Bullish Harmonic Pattern. The price has demonstrated a rebound at EMA200 and around fibo786 level.
Probable EP would be 1.405 to retest the 4h pivot point and fibo786.
Probable TPs would be 1.490 (ie daily pivot point), 1.550 (that is fibo236 and slightly lower than point C)...
VCP setup and price stand above MA 60 with buy signal
Mcdx strong banker above 50% with 0% of retailer
Plan :- Monitor it. Valid only if price stay above MA60.
Previously mentioned JFTECH VCP setup in July. Unfortunately, it decide to go another contraction and seem like we have a tight once again.
The entire VCP setup shown in Weekly chart as below:
C1: -42%
C2: -20%
C3: -12%
C4: -6%
Let's monitor if this round successfully breakout with volume follow through or not.
Disclaimer:
Not a buy call recommendation. Just...
Could be VCP Pattern
Disclaimer
Any information contained in this page should be considered as general information, research and learning only. I am not responsible for any actions and decisions made based on the information from this page. Thank you
#TAYOR
like my previous post, Jftect still Healty. still above Trendline Support (Maroon). a bit slow as it was in wave 1-2 Eliot Wave.
till now it making correction. may starting "hike higher" when Nasdaq break ATH as tech sentiment to bullish.
my TP1 still RM1.8
and TP2 RM2
HODL on my JFterian hahah
To Be consider, this is just sharing idea. any risk is all depend...
