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.
I was interested with the price action that occured since 23/2/24,
in which a huge selling that resulted in a price rebound post-selling
-This is what wyckoffian termed as ' CO ROTATION '
in which, theoritically, a changing of ownership from one composite man to another composite man
Very nice accmulation range.
this is just technical analysis, anything...
Last quarter shows significant increasing profits on QOQ and YOY.Price gap up and break horizontal line with high volume,after the report annoiuncement
head and shoulder already completed and short term down trend break out at RM1.35. due to coming feb 22 QR, I am predict 0.04-0.05 pps and RM0.10 dividend. time frame to break RM1.40 range will be in week between day 21-25 feb 22. first target RM1.46. cut lost below RM1.35.good luck for this 2 week times. if volume comes out sell at the 2nd trading day.
CSCSTEL has previously rebounded at 1.170 as per Elliott Waves' Theory on ABC Corrective Zone on expanded flat which happens to be just over above the 52-week low and fibo618 between Wave 1 and Wave 5 retracement. At present, the price has crossed the daily pivot point. To enter trade, the potential EP would be a retest of the daily pivot point and the CL would be...
THe stock show sign of bullish as follow:
1.The candle not break the support
2.The candle not break the trendline
3.The stochastic at oversold
4.Above Ema20 and Ema50
Trade ideas for this counter.
Price reach target area and start to moving up. Let see if price reject or breakout this hidden sell zone. Noted that price start moving up in compression pattern in smaller timeframe. (Expecting 3 drive formation for sell)..If rejected, expect price to return below for triangle breakout entry point which in line with monthly TF support.
1. Ann Joo
2. Lion Industries
3. Malaysia Steel
4. YKGI
5. Southern Steel
6. CSC Steel
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
