Buy point near to blue lines, MCDX red bar was increasing, RWC turned Red, LSF turned red bar.
Current condition - share price is at the previous high, potential resistance level. DE shows the money inflow reducing, still in uptrend so keep holding but to increase the trailing stop loss point
CFM 8044 fire on 25 Nov, will it go up again?
The buy point on 17 Nov, triangle up of Potential line indicator, was so accurate.
Current share price is almost at previous high, there is no buy chance at the moment, but I still prefer to hold this counter as there is no sell signal
EP 1.22
TP 1.28
SL 1.2
Backtest result from 2022-08-19 16:30:00
35 trades
72% win rate
p.s: not a financial advice
#deepagiscreener #tayor #bursa #bukanbuycall
I covered CFM for VIP members back then in 18 June. (Screenshot of the post in VIP group)
The stock breakout on 24 Jun with good volume. Stocks gain around 26% till 26 July. It trigger our sell out system on 1 Aug due to correction that beyond our safety limit. At the same time, we don't want to take the risk of quarter report releasing by end of Aug.
The price...
Sign of Strength in the chart:
1. Reaccumulation with effort bars
2. Shakeout in reaccumulation
3. CoC in hourly 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
The candlestick body indicate a breakout pattern due to signicant price movement on previous trading where the price croses over the MA50 line. Hence, with probability of begining of uptrend pattern.
The RSI indicates a strong gain momumtum towards indexes 50.
MACD and OBV indicate an early sign of a divergence pattern.
Precaution for a price correction...
CFM in potential gartley bearish harmoic pattern. Potential long position from Point A to B only as price approaches EMA200. Probable retracement EP would be 0.610 to retest a 4htf pivot point. Potential TP areas are 0.725 and 0.805, that is, at their respective monthly resistance. Maximum probable TP would be 0.840, that is, fibo618 and yearly resistance....
CFM Chart framechart 1 hour impending breakout.
Need to break 0.840 For bullish trend.
Possible reversal bullish If candle close above. 0.890 with strong resistance
A significant price movement makes CFM closed above MA20 with volume above MA20. MACD and OBV charts show a divergence signal with a probability of a long trade position. To place your bid, using VWAP as a guideline and place your bid price below the VWAP line. Put this in your WL and watch out for a continuous uptrend pattern.
R 1.090
S 0.845
