The current point exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
ASTINO is on a pennant formation and the price has also crossed the pivot point and is also attempting to break a double yearly pivot. A BO from the pennant would potentially be a nice ride for ASTINO all the way to 52-week high. The proposed EP is at pivot point retest and the CL is just below the pennant support.
Make setup when it follows these rules:
1) extrapolate volume (than pocket pivot & 20MA line)
2) ADR = 4.274% > 3% =strong momentum
3) candle bullish
4) above 200EMA (blue color)
5) entry by refer to lower TF, as have upper wick
6) TP based on sign. Resistance zone
fisrt glance, look very nice chart pattern
still in pullback mode
personally, selling pleasure already diminished
find ur best entry point or
can wait the price making HH HL pattern
TAYOR
Support at 0.630 looks promising. Let's monitor for another few candles to see rebound play at the support.
if rebound is successful, possible to break that down trendline?
Disclaimer: This is not a buy call. Just a trading idea.
Support: 0.73
CUTLOST 0.69
Resistance: 0.77/0.81
Astino Berhad, an investment holding company. Along with its subsidiaries it is engaged in the manufacture and sale of metal roof sheets, steel pipes and other building related products in Malaysia. It offers step roofing, long run roofing, and insulated metal roofing products for industrial, commercial, and...
BUY
- There were multiple breakout entries for this
- Soared for 70% in 2021
- Keep observing for more entries
- Buy when it dips and put SL around 1.46
SELL
- Nail down profits/partial profits to protect the profits for early buyers (But, why sell when it’s a bull still?)
RATIONALE
- Tennis ball action – higher highs
- Very high momentum
- ATH...
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
ASTINO
Theme: Building material
Rst: 1.30
Spp: 1.13
Solid move, hammer candlestick emerged above upper BB, healthy volume and rising indicators, will generate further trading interest towards next Fibo Ext level at 1.30
boleh diperhatikan
Market Capital (RM): 250.82m
Number of Share: 274.12m
EPS (cent): 10.82 *
P/E Ratio: 8.46
ROE (%): 7.12
TTM Profit Margin (%): 5.6
Q n Y ok positive
