Atypical Re-Accumlation , which suits #2 (Non- Spring Trading range)
Supply drying up (Red Arrow)
Positon intiated based on Local Spring @ BUEC Area, lower Time Frame (Purple Arrow)
Thus position initiated as attached
Pure Wyckoff
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.
For holder, protect the downside / see profit take profit.
For those wish to enter marker, better wait for pullback.
Stochastic are at OB meanwhile ROC showing potential negative divergence.
960 ~ 930 will be the critical support area. Once broken both may be ugly chart.
When the market moves where, and how, and if - these are all unknown. The only thing which...
For trading, the best price to enter as at 0.465 with cut loss at 0.315
TP only can be updated once the price rebounce at level 0.465 or 0.385..roughly max TP will be around 1.365
For Investing:
1. Buy 1 = 0.675
2. Buy 2 = 0.465
3. Buy 3 = 0.385
We will cutloss once the sentiment is negative... for a safe margin of how much to invest, we can put 0.315 as a...
Sign of Strength in the chart:
1. Shakeout completed with increasing volume
2. NS signal at Support level
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
We notice there are increasing trading activities in PENERGY.
Higher brent oil price leading to O&G stocks uptrend began last week.
Proper higher low chart pattern along with minor shake out done on Friday.
Big boy collecting ticket around RM0.90~0.93
Once price break out from RM0.95 , we expect it go up to at least RM1.05 given that brent oil price still in uptrend.
Pre Consolidation Breakout Setup.
NO INVESTMENT ADVICE IS PROVIDED
DISCLAIMER
Please consider your own interpretation of Opportunity & Risk. The author of this post strictly follows the Malaysian Security Commission ( SC ) Guidelines on the prohibition of Investment Advice by unlicensed parties. Any examples shall use historical charts without any...
Corporate Name : PETRA ENERGY BERHAD
Symbol & Code : PENERGY (5133)
Board : MAIN
Shariah : Compliant
Sector : Energy
Sub-Sector : Energy Infrastructure, Equipment & Services
• Weekly: PENERGY is completing its pullback after a massive SMA breakout
• Daily : The pullback happened after a major gap up. One of the biggest island reversal I’ve ever seen....
No analyst TP for PENERGY and still in below bigger downtrend line (DTL).
However it has already moved and still room to go to PNF TP by way of W5 Elliot Wave.
Dont know. Keeping this for record.
TAYOR (Obviously)
Share price has been stable over the past 3 months.
Petra Energy Berhad, an investment holding company, provides a range of integrated brownfield services and products for the upstream oil and gas industry in Malaysia. It operates through Services, Marine Assets, and Development and Production segments. The company offers maintenance hook-up construction and...
