Sign of Strength in the chart:
1. Green Pentagon in Daily and Weekly Chart
2. NS Signal in Weekly Chart
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
Price has been dumping since Aug 2020, but we can see that it has formed a falling wedge, all along the last bull run. Price is currently near to the origin of the pump and we can see that price formed a base (1.845-1.67) above the previous Significant Resistance level. On top of that, we can see some manipulation on the 2.11 price point where price seemed to have...
SCGM has completed the rising wedge chart pattern.
Expected to do a slight pullback before continuing the decline to
fibonacci retracement levels.
Disclaimer
Any information contained in this page should be considered as general information, research and learning only. I am not responsible for any actions and decisions made based on the information from this...
SCGM
Theme: Packaging
Rst: 2.80
Spp: 2.52
Valid theme play and improving technical metrics, with latest candlesticks continue to sustain above MA200 trendline, the stock shall see further upside being unlocked.
Pattern Inverted head and shoulder
Right Shoulder support @2.09
First B signal appear, while chocolate ball supported
Short mid term bullish
Fibonacci 1.0 = 2.82,
Fibonacci 2.0 = 3.54
1st Idea: Hit CL . Refer link attached.
So i come up with the next idea.
Entry Strategy:
1) Direct Entry ride till TP
2) Wait for retracement inside purple zone and ride till TP
Chart:
1) Break DTL
2) Break the SZ
3) Retest the SZ (which now become DZ)
I am nubis, i am non-premium members ..follow if you think this idea make sense..just sit back, relax and make...
Entry Strategy:
1) Direct Entry ride till TP
2) Wait for retracement inside blue zone and ride till TP
Chart:
1) Bull run in year 2020 the following by major selldown in the same year.
2) Weekly compression observed - possible to be a good support for avoid the price to break down further.
I am nubis, i am non-premium members ..follow if you think this idea...
IDEAS:
1. Start monitoring as share price plunge with banker shares start collecting.
2. MCDX & RSI indicator still not good looking
3. Consider to collect around 1.50-2.00 depends on the indicator signal
The idea of swing trading is to capture ‘one move’ in the markets before the price reverse against you.
This is done by entering your trades from an area of value and exiting it before opposing pressure steps in.
Swing Trading Checklist :
1. Are you entering from an area of value?
a. SCGM : YES (Major Support Area )
2. Do you have a valid entry trigger?
a....
study purpose, william R, stochastic, MACD, and rsi show asignal buy for SCGM, it also has just touch a support line. i believe that price will go up and create a uptrend
As on the chart shown, this is key level support,
and a VCP pattern is formed (flag pattern)
looking at the risk and reward ratio,
TP will be 20% from here and cut loss will be 5% below
