Hexind looks at bottom fishing. High Risk traders can fish at 0.39. Potential 50%-80% upside from this price. Low risk traders, can wait until it breaks resistance before enter any trade.
P/S: This is not Buy/Sell call. All analysis is based on personal TA. Please due diligence before enter any trades.
Monthly chart of HEXIND showing price has been discounting/retracing until 50% Fibo after breaking to all new time high. What do you think when there is a sale 50% of a product? That means to attract buyers right? Sell volume looks has diminished and buyers could anytime come in. 0.460 is pivot area and could become SBR. TAYOR.
Hexind volume has been soften. This could be a potential to wait for a retracement at reverse fib 0.382 at price RM 0.465.
Expecting a long position from Support RM 0.43. Low risk trader can look for Entry around this price. High Risk from 0.465. Target price Rm 0.615.
Not a buy/sell call. Do your own research before gives any entry. Good Luck traders.
HEXIND developed VCP with below contraction on the left:
C1: -21%
C2: -14%
C3: -5%
C4: -4%
On the right, price breakout with volume on 2 Sep. Correction occur to test new support on 12, 13, 14 Sep.
After correction, price and volume setup again with 6.5% RISK.
Let's see how it will develop.
Can refer to my previous VCP sharing link below for CFM,...
At the previous price, the candlestick pattern indicates an accumulative phase without continuous buying pressure and significate volume on the previous trade. With the recent trade, the candlestick closed above the MA20 line without being backed by volume where it's below the MA20 line.
The RSI indicators indicate a fresh buying interest backed by a price...
Based on price action & momentum, I have identified critical support area for Hexind to so higher. Please take note that this is only for short term trading setup.
13th April 2022, EPRAF indicator detect SD at HEXIND. SD appears when Heikin-Ashi in TF 4H shows first green candle with Jerung detector shows a yellow bar and stochastic equal or less than 30. SD is an early sign for the stock to climb in the downtrend phase.
after the split, the share has plunged toward a downtrend.
We may consider to average down for those has a -ve profit.
However, Candlestick confirmation is required to ensure average down is ideal.
This stock with momentum is generated using a FIFO B signal with a build-up in trading volume and price.
This is not a buy or sell recommendation. It merely tells you which this stock is seeing higher potential to move uptrend with relatively strong momentum.
The share price may move up or down from this point. Note also that momentum generally only persists for...
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
If not successful past the strong resistance level at 0.40. Will the consolidation phase happen again? .. hope not!
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
Trading Plan
EP: 0.395 (1st)
SL: 0.37
TP: 0.435 (next resistance)
Price & volume spiked on 15th Mar, then went down before buying interest was seen again on 22nd Mar. Entry at support
