CONSUMER trade ideas

MY_Bursa_Journal Updated 

I try so hard, and get so far~~~ Disclaimer: For discussion and sharing purpose only. NOT entry recommendation. Trade at your own risk. #TAYOR

Breakout_FAZ

Consumer Index shown possible continue towards Phase E based on Wyckoff Event and Phases. Supported with recent good catalyst from regional economic data, potential Phase D will continue momentum and change direction upwards for Phase E.

JeremyTee_ws

Pulling back as well. Expected supported above index price 616.

JeremyTee_ws

Consumer sector, start flying after arrival of vaccine. The faster recovery sectors compare to properties and construction. Lets match to 642 resistance price now. #JeremyTrendingStock

JeremyTee_ws

Breaking up the resistant again. Good sign for those recovery thematic sector.

JeremyTee_ws

Consumer sector index, could that be another lower low and lower high is forming? For me is not looking positive to this sector at this moment.

JeremyTee_ws

Continue lower low. Important support 581 cannot fail. Anyhow, it is not looking good at this stage.

Glem

Note - comparing all chart from second chart to monthly chart, it show positive price action. - volume are impulsive increase. - no shortfall below 0.0%

JeremyTee_ws

Next week the price must continue to bull or else it will form a lower low and lower high which is a bad sign.

JeremyTee_ws

Double top pattern formed. Fall off the support line. Not looking good if next week cannot stand back this line.

JeremyTee_ws

A bit weaker than construction but as long as above support line is healthy.

JeremyTee_ws

Hammer bar formed. No a good symptom especially for new entry next week.

JeremyTee_ws

If this support line can hold till next year, expecting the bullish can continue for another 1-2 months.

JeremyTee_ws

Continue bullish after BO. Could that be the year end sales catalyst?

mrinaz

RESISTANCE - 551