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.
I bought this yesterday, my purpose for this post , is that i want to share & help especially to those newbies & amateur. I was so busy that i was unable to post it until today
(i am also a newbie+amateur. please do not believe anything i posted/share)
i decided to initiate the position in view of Absorption ( As attched)
Absorption is a term, in a way...
Assumption A:
- Completed uptrend cycle 12345, following with ABC retracement.
Assumption B:
- Break the resistances and making new high.
What about your thoughts?
Disclaimer:
For discussion purpose only. NOT entry recommendation.
#TAYOR
After show reversal pattern and FBO from downtrend line, im using Butterfly pattern to target TP1 and TP2 at 1.27% and 1.618% for my plan.
#TAYOR MYX:ABLEGLOB
My idea is set entry or Buy limit at 1.550 (white line) if the price have momentum to reverse from DTL.
Red line is Major support as cutloss poin.
Next resistance is 1.670 (green line) to TP.
#TAYOR MYX:ABLEGLOB
Stock code: 7167
Stock name: Johore Tin Bhd
Screener: 18LC for 8 Feb 2019
Observation date: 10 Feb 2019
Observation:
a) Price & Volume:
- Price: Wide spread on upbars.
- Volume: High volume on price upbars; 1 ultra high vol (need to be caution).
b) Market Stage:
- Mark Up stage (S2) after more than 8 months of sideway movement.
c) Trading...
