Yongtai has made a first contraction from 52 week high by 26.45%. Then, it contracted by 12.61%. During the contraction, the volume was decreased gradually. Then, yesterday (26/7/2023), Yongtai rebound from higher low with a large volume. This is consider a good sign and there is a chance to go upward. To support that, the stochasticRSI already made a crossover...
Yongtai
Something is brewing??? Previous gained was 279% in a month.
History can repeat itself?
It won't be happen on tomorrow or next week, but soon??
Within 1 ~ 2 months?
Other talk base on history, I predict the future.
Close for now. 2 months later see again 🤑🤣🤑🤣🤑🤣
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or...
MYX:YONGTAI retook Friday's high and absorbed the selling pressure. I am feeling bullish that this name could see more upside in the near short term future with a target of 0.435 if 0.38 manages to break. Of course if 0.35 gets breached, the setup is invalidated.
These are my views and analysis and is only for educational purposes. I am not a financial...
Bullish gap up as a continuation of a strong closing a day before, which subsequently closed 29.5sen at the 0.382 retracement level.
Rounding bottom breakout target coincides with the 0.618 retracement level. Conservative traders will want to long MYX:YONGTAI when the gap is filled.
Theme: Property
We believe the correction in YONGTAI has ended earlier during March this year after it completed a deep zig zag corrective pattern. Today's bar close above the downtrendline as shown could possibly be an early move way up to RM0.77 area for wave (iii). To further confirm the bullish scenario however, we would like to see the stock push above the RM0.30 zone with a...
24th March 2021
Technical Stock Idea: YongTai
Yong Tai BHD (7066)
We see that YongTai had been found it support at RM0.20 area and the price is climb up slowly and steady and buy rate is stronger.
🎯 R1: RM 0.325
🎯 R2: RM 0.365
🎯 R3: RM 0.40
✂️ CL: RM 0.245
Price just retraced from previous BO and still above weekly Ichi cloud. Weekly already oversold.
Price already entered Daily Ichi cloud and above blue intersect line.
Price rebounded at Daily EMA200 (strong support).
There is a big volume coming in for the past few days. Might be due to a private placement.
Therefore, YONGTAI has the potential to go upside.
Trading Idea YONGTAI (12/3/2021)
- Potential breakout
- Buy on dip (yellow zone)
- Target and stoploss as drawn
Disclaimer: This trading idea is strictly intended for informational purposes only so please do your own analysis before making any investment decision.
Trade ideas for this counter. Short term buy only..
As per weekly and daily chart, price move downtrend in a compression pattern.
On the left side Price Breakout Resistant R heavily and hidden zone detected in lower timeframe.
Buy only when price enter the green zone/box as MIN sl placement.
The descending/ downtrend trendline might be broke soon, probably due or supported by the latest news released regarding the rejection of the vaccine application by ministry of health claimed as rumors.
Chart trading idea are based on H1 timeframe. We can either sit tight at the nearest supply or entry once the market is open tomorrow morning.
Disclaimer: If you...
