HPMT potential rebound at what appears to be a EW abc corrective zone at fibo1.618
for short term trading risk:reward 1:2 for long term trading risk:reward 1:5
Increasing sales and profit QOQ and YOY.Currently just break a pivot point with higher than average volume
The volume is good, bankers chip increasing, MACD crossing with selling pressure subsided. RSI > 50. Let's see how far it can go. Hoping for more volume tomorrow. Finger crossed!
Coretan Trading Idea ini hanyalah kajian & pembelajaran sesuatu kaunter saham SAHAJA. Ini BUKAN merupakan satu bentuk BUY CALL kepada mana - mana pihak dari penulis. Mana - mana pelabur dan pedagang adalah bertanggungjawab terhadap tindakan dan pelaburan masing - masing. BERDAGANG DI ATAS RISIKO ANDA SENDIRI
my POV lets the price ,maintain above TL it is a good point to entry compare current position whereby the pc tend to going down more. still has no signal for buying TAYOR
the PA move slight seller take control. to monitor T3 trading
Break its nearest resistance at 0.620 and straight break its previous resistance 0.670 with volume Next resistance 0.800 and 1.00
*Study Counter* CI - Market going towards trending WM - Whale increasing MM - Peak and heading to oversold Pattern - Rising Wedge (bullish pattern which will retrace at the end) Bearish Bat Pattern, Target TP at 0.640 before rectrace
Sector : industrial product.Fundamentally sound company.quarterly QOQ just reducing a bit,however YOY is increasing.Forming VCP setup.
Support: 0.57 CUTLOST 0.53 Resistance: 0.61/0.65 HPMT Holdings Berhad, an investment holding company, manufactures and distributes cutting tools in Europe and Asia. It offers its cutting tools under the HPMT brand, as well as under private labels through distributors or directly to the end-users. The company is also involved in trading of third party cutting...
Accumulation phase - complete Elliot wave 1 and 2 complete currently on base 2/ wave 2 ongoing wave 3 if can break resistance 0.665 & strong supoort above 0.665 = entry TP 1 0.775 TP 2 0.945
HPMT just breakout resistant of 58 sen and close at 60 sen. Chart is making cup and handle, which will push to break 52 weeks high 67 sen
1. Breakout base 1 2. MA50 and MA200 as strong support 3. Breakout Down Trendline
Like has finished correction and ready to go to Wave 1 at fibo 0.5.
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