Would like to share my trading strategy that combines the three elements as below.
1. Identify a stock that has been in a consistent uptrend
2. Consolidation for longer period. (Above case: > 120 days)
3. Use Fibonacci retracement levels to identify the potential support for first fraction shares buying opportunity.
4. Use trendline to identify the potential...
Next week is critical for this counter. 0.810 support line need to stand firm or else it will continue its downtrend.
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Disclaimer: I am not Investment guru. Every stock analysis are purely for my personal learning and practice purpose.
It is not for any buy or sell call to...
Strength in the chart:
1. Several shakeout below support
2. Line Change with volume
3. Green Pentagon completed the pullback
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
Stock code: 3379
Stock name: Insas Bhd
Screener: 18LC for 15 Feb 2019 (www.tradevsa.com)
Observation date: 16 Feb 2019
Observation:
a) Price & Volume:
- Price: Wide spread during both downbar and upbar.
- Volume: Low during Downtrend. Gradually increase when price move up since Jan'19.
b) Market Stage:
- End of Markdown stage (S4) and...
