It just broke the EMA 200 daily TF with trendline breakout.
A Possible Inverted head and shoulder formation.
A Possible Cup and handle formation.
Volume Breakout spotted.
If it is in uptrend , R1 - R5 will be short and mid term target.
If break through R7 , then long term uptrend can be confirmed.
Possible risk will be triple top formation is in play and it...
ARBB is a timber player company and also ventured into IOT for hydrophonic. With stable positive QR since last 4 QR, the trend still below MA200 but will it rebound from 0.120 or 0.09?
Currently it stood at 0.140-0.155, the counter has BO its triangle shape from large selling since nov 2021. TFweekly shown a double bottom trend. Will it create another upscale or...
Based on EW, it seems like it will be going to wave 4 up, before going down. Some of the resistance identified is arrow.
Be careful its like catching a knife, seems slow but can hurt you.
TAYOR please do you own judgement prior to enter. If you are a bottom catcher, wait for the signal, can be by price action, or by trendline.
Recent trade, make ARBB price at MA20 with minimum volume support the price. The next resistance will be MA50. If the price cross over MA50 then it will be in a downtrend pattern.
DISCLAIMER
THIS IS NOT AN INVESTMENT ADVICE, TRADE AT YOUR OWN RISK & OPPORTUNITY !!!
As we can see from the chart, it has broken down from its falling wedge(they are supposed to be bullish pattern as it usually indicates reversal) but it broke down with big red candle. One of the main contributors could possibly be the bad QR results. So far the price is...
Personally, what I learnt is there must be a Technical Analysis Strategic Plan in order to increase the risk-to-ratios favourable risks.
1. Draw Support & Resistance
2. Identify the stages (Accumulation, Advancing, Distribution, Declining)
3. Entry Triggers
4. Stop Loss
5. Exits
I have learnt during my past mistakes that we should let the stock price comes to...
Our wave analysis on ARBB reveals the stock is currently forming a double three (as of 05/05/21) corrective pattern of wave iv of a larger degree wave (iii). The double three here is comprised of an expanded flat followed by a contracting triangle; such a sequence is a typical type of a double three. As a side note, triangles in Elliot's wave principle usually...
20th April 2021
Technical Stock Idea: ARBB
ARB BERHAD (7181)
We see ARBB yesterday closing with bullish engulfing pattern and today share price is testing RM0.385 recent resistance, if today share price can break we believe share price will going to challenge next resistance level. Potential small trade can participate.
🎯 R1: RM 0.415
🎯 R2: RM 0.435
🎯 R3: RM...
ARBB has seen the strong support on the RM0.35
The next earning expect to overgrowth with the current QR, consolidation time*.
The best time to buy stock is the end of the March/Early of the April. This has proven with some of the historical data clearly shown window dressing on the stock market. As the time of writing, speculation on the stock market should be...
- Volume getting smaller as price getting lower (profit taking sign).
- Volume getting smaller as pennant width getting shallower.
- Broke out pennant with volume increased.
- Retracement could be counted as completed (retraced at around 61.8% fibo) and rebound would be continued.
- Current price above EMA 9,20,50,200.
R1: 0.42
R2: 0.46
R3: 0.51
S: 0.33
If price open 0.355 and above and break the short down trendline, ARBB potentially to rebound upward.
Latest QR on 15-Feb-2021 is excellent: QoQ +135%.
