If AEMULUS repeat it previous pattern, price will breakdown before going up back after touch the red line. Or it will breakup until blue line before going down. Just my 2-cent idea. Please comment if you have any idea. Thank you.
Technical analysis for AEMULUS Stock based on Trend Analysis, Chart Pattern and VPA
Weekly chart got the TD 9 and Force 9 shows the downtrend could be exhaust in short term. Daily chart shows the bottom divergence of energy, foresee a rebound in short term, still have a good opportunity at the current price.
For KLSE tech, don't hope too much 1st cause there are still election on going. So just be conservative by trading a few tech will do. 420 area break will be indicate a good sign ahead here. Since 375 area looks supported, it can be use as support. I assume it will follow SOX movement for the time being. Red chip does appear recently but is not that wild yet.
Overall still on a downtrend momentum but this red chip does appear recently. So just monitor its retracement ended only to take action. Might hit 440 or above.
Aemulus setup progression for wave B. maybe area 0.950. For major correction it will down to 0.400
This is my prediction for Aemulus. 100% wrong and if it goes right then its only coincidence. Only prediction.
My Prediction is it will complete C as show on the chart, now in wave 4 to wave 5 to complete C...this C may be fib 0.618(RM0.53-0.56)/0.786(RM0.33-0.34) AND it in wave 2 correction on a bigger cycle.
Hidden Divergence price HH testing RBS spring flush -vol absorb -earning play -FA good
Aemulus has been consistently climbing the parallel channel. Latest QR report was good and price pulled back to support. Currently in a continuation pattern. Let see if it can continue its climb to challenge the All Time High price which is just about 8% from its current price.
Plan the set up and possible a new trend forming if unbreakable buyer force
Correction is under way from my view or forecast, what say you?
1. Price currently in Stage 2 Stan Weinstein analysis (price above MA200) 2. Currently price testing MA50 - try to validate the uptrend continuation 3. Current price movement (base) create almost the same pattern as previous base - (1) testing resistance and temporary breakout - (2) fake breakout - (3) another test on resistance before genuine breakout...
Using trendline and stochastic to identify best entry and take profit area. Disclaimer: This is for educational purpose only, not a buy call.