Breakout and stand firm. Price up with volume. Good boy!
Cup with handle (Bullish) pattern observed. Give a closer look and monitor until break resistance above 1.800
Will it repeat the same pattern. Chart analysis can be your very good guidance.
If tomorrow can maintain its momentum....
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...
Technical Analysis (Neutral - positive bias) ATA IMS remains in sideways/bearish bias after failed in an attempt to continue its bull run. Nevertheless, it is good time to accumulate as the current price is near to support level 1.23, 1.20. The stochastic level near to oversold range indicates the current trend (sideways/bearish bias) might be over soon....
ATAIMS has a peak of 1.355 and gradually down to 1.21 and got supported at 1.250 without further sell down. 1) It is now breakout from recent downtrend. 2) Got chance to complete a AB=CD pattern at 1.64 level. 3) Good risk to reward ratio. Risk 9 sens for 35 sens gain or more. 4) ATAIMS is good fundamental company. 5) only draw back is vol is still low.
Strength Signal in the Chart: 1. Green pentagon 2. High volume Hit the "LIKE" button to support us :) 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
ATA IMS is a contract manufacturer in Malaysia and it is often viewed as a proxy to Dyson Ltd, a British technology company founded by James Dyson in 1991, focusing on design and manufacturing of household appliances. The share has been in consolidation mode since early April this year and it has been trading above the 52 weeks EMA. It is facing a strong...