POTENTIAL PRICE TO SPIKE MONITOR THIS PRICE CLOSELY
1-pembukaan gap up 2-consolidation bersama low volume sesi pagi
(5024) PRESBHD Bullish Uptrend formation since July 2019. Stop Loss RM0.440.
PRESBHD (5204) Bearish Trend formation since September 2018 Bullish Trend formation since March 2019. Recent price violated its Bullish Trend support. Price now breaking out of its resistant to maintain its Bullish Trend Formation Status . www.trendfollowingmalaysia.com
Strength in the chart: 1. Accumulation 2. Spring at previous support Send us your preference stock to review based on TradeVSA chart by comment at below. 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
1. Poh Huat 2. Three-A 3. Duopharma 4. MRCB 5. DRB-Hicom 6. Prestariang Send us your preference stock to review based on TradeVSA chart by comment at below. 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
Presbhd , i still neutral on this share, but can monitor since the price consolidate in that zone. still not breaking up or downside either.
Strength in the chart: 1. High volume with widespread bars 2. Forming accumulation stage Send us your preference stock to review based on TradeVSA chart by comment at below. 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
Looking good to push higher. If unable to break buy on discount at 0.3xx before it continue higher.
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Based on hourly chart above, Prestariang formed a classic Volume Spread Analysis buy setup. 18 Line Change signal is spotted (as highlighted in red box) after accumulation stage with high volume. The increases in volume indicates smart money is locking up the weak-hand holders. Notice there were no Sign of Weakness after the price break above the resistance...
I could see a decent support from 0.5 ~ 0.6 and as long as this levels are holding i'm staying with BULL for a moment. Currently the trend is still on the down side, so this maybe a technical rebound at the moment. On the upside from 0.99 ~ 1.0 will act as resistance level. Trade safe.