Observation
1. The price action breaks the 200-day SMA upwards (Bullish Breakouts).
2. The price bounce on the 200-day SMA two times (Support Bounce).
Forecast
1. Price might drop to bounce again for the third time or bearish breakout on the 200-day SMA.
2. Price might go for a long uptrend
Reminder
1. This counter got dividend with ex date on 2/10/2023,...
Significant price movement together with high volume indicates the candlestick pattern in a breakout phase.
The RSI indicator confirmed the price breakout due to gains is greater than the losses where the momentum indexes >70.
MACD and OBV indicators also confirmed the price trend; a strong uptrend.
Precaution for a price correction between 10% - 20% due to...
LBALUM rebounded from 0.400 as per Elliott Waves' Theory on ABC Corrective Zone on expanded flat. It is also on Bat Harmonic Pattern where the price stabilised at fibo618 of Elliott's Wave 1 to Wave 5 waves. At present, the price has crossed the daily pivot point and is heading to 0.500 yearly pivot which happens to be Point B. To enter trade, the potential...
LBALUM rose above bullish triangle continuation pattern and tested Fibonacci resistance at 0.69 with a pullback. We see a possibility of technical rebound to the upside at current support level 0.605 as the price is currently trading at resistance turns support level coincides with 61.8% Fibonacci retracement level. If this happens we expect it to move towards the...
disclaimer : this is purely for learning purpose on trend analysis using published indicators, namely, Chips Master, Trend Master, MCDX Plus.
No recommendation of buy/sell
Lbalum completed chips accumulation, first up and second up. Currently, retrace sideways.
Chips Master is used mainly for chips accumulation stage.
Trend Master and MCDX are used for first up...
Support: 0.65
CUTLOST 0.61
Resistance: 0.69/0.73
LB Aluminium Berhad is engaged in the manufacture, marketing, and trade of aluminium extrusion and ceiling metal tee products primarily in Malaysia. It manufactures a range of aluminum extrusions used for finished products, including window and door frames for housing, curtain wall cladding for building and high...
Long Term for me to W5.
Engaged in the business of manufacturing, marketing and trading of aluminum extrusions. The Company's geographical segments include Malaysia, Singapore and Others. The Company, through its subsidiaries, is engaged in marketing and trading of aluminum hardware and other fittings; trading of aluminum sheets and other metal products; retail...
The most of strongest Momentum wave - Golden Wave (impulse)
Criteria :
Minor wave 3 in 3rd impulse major Elliot Wave
Strong Bullish Momentum volume unusual
Steepness of a trend line increases from 45% to 70% deg
Strong Break in bar retracement symmetry leading to a change in trend behavior
Bullish gap up price action
every signal is indicating an overbought position. price may waterfall any time. small support at 0.90 n stronger support at 0.755. want my opinion? better wait on the sidelines 1st.
