Fundamentally strong company.quarterly QOQ shows decreasing sales and profit,But still increasing YOY.Currently forming cheat setup.Wait for upward breakout of base (rectangle) with high volume to confirm setup.
Close monitor and analysis the confirmation.
It is a good picks and overall this stock have momentum Health Uptrend and Retrace.
Grab at better price with Risk appetize.
Sign of Strength in the chart:
1. Re-accumulation with VCP setup
2. NS signal near support
3. Weekly chart holding at support
Case Study:
1. VSTECS
2. DNEX
3. PIE
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
16 June 2021 i published an article on VSTECS VCP Setup and would like to follow up on the development.
The C3 setup further correction from previous 4% (on 16 June) to 11%. Currently the setup is at C4 where observing a 4.5% contraction.
There are two concerns to take note:
1st: Split activity on 2 Aug 2021.
2nd: Quarter report will release on 12 Aug....
VSTECS currently at C3 for its VCP development.
C1: -21%
C2: -11%
C3: -4%
Overall setup is crispy. Waiting for Breakout with volume!
Disclaimer:
This sharing is based on my personal experience. Not a buy call, trade with your own risk.
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...
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 recommendations and not to cause inducement to...
VSETCS had broken out from a triangle continuation pattern, went into a short pullback and manage to maintain above 20ma. The momentum is high. EP: 0.55-0.57
Some infos!
- Revenue for the quarter ended Sept 30, 2020 increased 16.71% to RM536.36 million, from RM459.57 million previously, the ICT products provider said in a bourse filing.
- Compared to the preceding quarter, net profit was up 43.7% from RM7.02 million, while revenue was up 9.5% from RM448.82 million.
Notably reminder!
- possible break at 2.1
- new 3's...
VSTECS looking for long if price able to break TL and line blue also maintain above it. Enter market after price return back to the breakout area and there is reversal price action form at that area. Else price possibly will test back at flag limit area or flag limit zone (fresh zone) before continue climbing up. TP at nearest resistance.
The price action had been having a support on 1.92 and built up a higher high and higher low for the chart with supported with positive momentum. Beside that, the volume of the share had been higher than yesterday, which means are having new buyer coming in.
In the fundamental view, VSTECS always been the market leader in the ICT products distribution industry,...
![VSTECS: [16 September 2020] VSTECS Downtrend Line Break Out](https://s3.tradingview.com/p/pqhDXdFz_mid.png "[16 September 2020] VSTECS Downtrend Line Break Out")
