KNM (Oil & Gas ) sector...as 1 of top 3 active (volume) traded stock recently in KLCI.. What "could" be its next movement? "Maybe" a "ranging triangle"? ...
Strength Signal in the Chart:
1. Green pentagon with high volume
2. Confirm Spring signal
3. Hourly chart shown Bullish signal
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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
As from picture, the price is holding good at EMA 50 and broke EMA 100.
We can see also divergence in RSI
Wait for price to broke 0.260 for safe entry.
TP: 0.300
CL: 0.235
Up momentum resume and may break previous high again.
(Disclaimer: for demonstrate own planned trade records study only, not for recommend to buy or sell. Please message me for the further detail trading plan)
This trading idea just a guide line for professional and experienced trader only. I do not recommend it to beginner. It is very high risks and required fast action. trade with your own risks.
MYX:7164 appears to complete the re-accumulation process.
The sign of strength (SOS) rally initiated on 9 Oct was followed by a back up action.
The back up action seems near completion as it has the character of supply absorption after two weak reactions.
The next target based on Point & Figure projection - 0.54-0.585
A fall below 0.43 would violate the the...
Strength in the chart:
1. Pullback with green pentagon
2. Low volume Test bar
3. Good support
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
