Despite the sharp drop happen previously, it manage to recover back to previous high and currently move northward steadily. Is this indication the run is still sustaining?
This Week FORECAST
Opportunity for TANCO. This setup trading idea is for intraday. >> TAYOR
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
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.
#Tanco (Case Study)
BODTL + Swap zone
Demand area 0.3-0.31.
I aim for TP2 0.41 at previous gap.
Lets monitor closely!
*Personal opinion trade at your own risk*
The price candlestick indicates the price rebound from the MA20 line with a significant price movement due to fresh buying interest on the TANCO. Without volume backed the price uptrend.
MACD and OBV indicate a divergence signal hence confirming the price uptrend towards the next price resistance.
The price Point of Control (PoC) is 0.295 where a significant...
The candlestick indicates an uptrend pattern where the price closed above the MA20 line with volume crossing up the MA20 line.
The RSI , MACD , and OBV indicators indicate a divergence signal with a probability of an uptrend pattern.
Precaution for a price correction between 10% - 20% from the recent peak before the price continues with uptrend movement to the...
The candlestick indicates an uptrend pattern where the price closed above the MA20 line with volume crossing up the MA20 line.
The RSI, MACD, and OBV indicators indicate a divergence signal with a probability of an uptrend pattern.
Precaution for a price correction between 10% - 20% from the recent peak before the price continues with uptrend movement to the...
Sector : property
Bad fundamental company.Technically,forming power play setup.volume greatly reducing while forming a tighter contraction on the right side of the chart.This setup valid if there is sudden breakout of the resistant with higher volume
Support: 0.21
CUTLOST 0.19
Resistance: 0.23/0.25
Tanco Holdings Berhad, through its subsidiaries, provides property management and development services primarily in Malaysia. It is also engaged in the management and operation of resorts, vacation ownership interval, and point based schemes; operation of hotel, golf, and clubs; and provision of resort management,...
![TANCO: [TANCO] Sharp recovery, possible more upside?](https://s3.tradingview.com/r/RbZVpBT8_mid.png "[TANCO] Sharp recovery, possible more upside?")
