SCANWOLF CORPORATION BHD
It is expecting a breakout at any time in this week. After A long Sideways Movement this counter is expecting a breakout because it is gaining volume with a triple bottom formation.
Support : 0.595,0.575
Proper Risk Profiling is recommended.
As you can see, when a trend is in place, price goes strong in one direction,
than it corrects itself as the price starts to make higher
highs (HH) and Lower Highs (LH)
is an example of a uptrend,
now another correction swing highs and
wait for another impulsive swing low
SCNWOLF developing VCP with below contraction.
C1: -36%
C2: -9%
C3: -5%
During C2 and C3 contraction, volume observed contract as well. The price and volume interaction is good.
Let's see if will pull back another round and form a C4 or it will direct surge up. Prefer to pull back another round for more solid base take off.
Disclaimer:
Not a buy call...
SCNWOLF started a new uptrend phase yesterday. Refer to EPRAF, the upward flow phase begins when the green line crosses the red line. Did SCNWOLF start climbing this week?
Using Fibonacci retracement chart SCNWOLF indicate a reversal signal.
MACD chart indicates an early stage of a divergence signal and OBV charts are still in a downtrend pattern.
Let put SCNWOLF in WL and watch out for significant price movement with volume or when the candlestick body is closed above MA20.
R 0.710
S 0.615
preditction the price in making the base
maybe take time
but the px now quite nice @ support
let see, wether the px making HH, HL
dont entry yet, quite risky
TAYOR
BUY Support: 0.69
CUTLOST 0.65
Resistance: 0.73/0.77
SCB is principally involved in the design and manufacture of extruded plastic products. Its secondary activities include manufacturing of PVC compounding, processing of PVC coils and trading of industrial consumables as well as other building materials. SCB is principally an investment holding company with 2...
SCNWOLF breakout trendline with strong volume.
Breakout MAJOR RESISTANCE 0.610 with strong volume
Major MONTHLY RESISTANCE 0.780, to continue bullish patern if break 0.780.
just simple analysis
price move in channel
as long as it maintain above support or
remains in channel, considered valid to
continue uptrend
but, personally i'm not trade this counter
because the price below than RM1
for me, very risky and exposed to manipulation game
but to who interested, PLAN UR TRADE
SCNWOLF need to break resistance 0.540 and 0.610 for bullish..
for now looks in uptrend channel
Weekly candle looks reversal and strong buy volume.
This counter looks good for short swing and need break resistance for bull run
SCANWOLF price is still within the upper level of Bolliger Band (BB). A good sign where the price bounce above MA5. It seems to have a Price Correction.
R 0.67
S 0.515
My prediction by using Reciprocal Diamond Pattern for point C at 0.5% and if price BO above point B, it will continue rising to point D at 200%.
#TAYOR MYX:SCNWOLF
