This is actually a repeated signal which was observed on 19 De 23 at the same price based on MRV1 setup.
Support area could be established at equilibrium support area of RM0.210 which is also the suggested stop loss to maintain minimum risk of 10%.
Stop loss aligns with next support area based on equilibrium.
Target price set at RM0.280 with a 1:2...
ACO seems to have exhausted the downtrend movement after the completion of their Private Placement Exercise, and performing double bottom. With a positive latest QR Result, ACO should be able to test the nearest Resistance at RM0.280 and continue up movement if break and sustained above this level.
Trading Idea:
1) Wait for retracement and entry
2) Ride till TP set based on appetite
3) Set CL specified - nk folo taknak tepuk dada sendiri..
From the Chart:
1) Downtrend triangle - if break out technically possible to further more up.
2) HH formation observed
3) Last year momentum up and down. consolidation phase looks like going to end.
I am nubis, i...
SMart money flow in
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Pending downtrendline breakout:
Fundamental :
- new company
- in Industrial product and service sector
- recent Quarter report on 25th Aug,shows increasing QOQ (135%) and YOY (343%) - not shown in chart,can check at malaysiastockbiz website
- also owned by few big institutions
Technical :
- Pending breakout downtrendline and 200MA line.Have to monitor closely for...
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DISCLAIMER
Please consider your own interpretation of Opportunity & Risk. The author of this post strictly follows the Malaysian Security Commission ( SC ) Guidelines on the prohibition of Investment Advice by unlicensed parties. Any examples shall use historical charts without any recommendations and not to cause inducement to...
Trend: Sideway
Accumulation price area: 0.370 to 0.400
-------------------------------Swing-------------------------------
Need to hold 2 weeks to 3 month
Entry price (low risk): 0.36 to 0.370
Stop loss: 0.345
TP1: 0.430
TP2: 0.460
TP3: 0.490
-------------------------------ShortTerm-------------------------------
Monitor the price and volume.
Entry when there...
ACO is ranging between 0.36 and 0.450 for 3 months and currently on bottom of of the parallel channel. Stochastic has reached oversold area and is trying to make an upside move. No sign of breakout from MACD.
With support zone @ 0.32, and resistance at 0.46, the RRR is abount 1:1.6.
The volume still lacks banker chip which explains the sideway movement.
EP...
Here's my analysis in DTF.
Currently the chart is forming triangle pattern. and as we know, with triangle, we need to see the price action first until it showing the strength ( breakout with volume) either resistant or support.
In my opinion, the wave almost create to 5 wave and will break resistant soon as per map show.
MACD indicator still in low -ve but the...
MYX:ACO
SWING: 2 DAYS TO 2 WEEKS
Breakout Downtrend Line
52 Weeks High Line
Fibbonaci Retracement
Candlestick Support & Resistant Zone
Trendline Support & Resistant
Opportunity and Risk
DISCLAIMER: This technical analysis is for educational and informational purposes only. It is based on my personal view of the market from a technical standpoint. None of information posted in this page can be used as investment decisions except for educational purpose only. Do not trade solely on the information posted in this page. Trade at...
![ACO: ACO [13 November 2020] Buy On Dip in Support Zone](https://s3.tradingview.com/5/5HO1xnt9_mid.png "ACO [13 November 2020] Buy On Dip in Support Zone")
