I will only trade this counter when the Trendline is broken with a big candle + high volume.
The price must be above EMAs 20 - 50 - 200 before it goes into my Watchlist.
Based on the chart, the price rebound from MA50 and almost cross above EMA21. Not only that, StochasticRSI cross above the oversold region. Moreover, on the weekly chart, the price is above the support level 1.47 and there is a possibility to make a higher low.
With significant price movement from the previous trade, the candlestick indicates a breakout signal where the price closed above the MA200 line backed by high volume due to buying interest.
MACD and OBV indicate a divergence signal and confirm the price uptrend towards the next price resistance.
Precaution since RSI is at indexer 70; becoming overbought or...
Trendband cycle begin. Today close as Doji candle, so look at High and Low price. This cycle begin near at new LOW and below purple line. Just be careful. The best EP within purple box. Trading plan as shown at right-top.
Trading Idea EG (16/5/2021)
- Potential breakout above EMA50 (green line)
- Buying opportunity in yellow zone, around RM0.75-0.77
- Target: RM0.865 / RM0.96
- Stoploss below RM0.71
Disclaimer: This trading idea is strictly intended for informational purposes only so please do your own analysis before making any investment decision.
NO INVESTMENT ADVICE IS PROVIDED
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...
EG breakout the 4 months VCP. After the breakout, market sentiment is bad due to rumors of full lockdown and etc.
For the entire VCP, there are 5 contraction with contraction below:
C1: ~46%
C2: ~33%
C3: ~18%
C4: ~16%
C5: ~7%
Very good entry point on 12 Jan 2021 when it break the C5 contraction. Now the price still not too far from the breakout point. For me...
-kena break 605 utk ke atas..kalau reject..akan bermain semula di 570
- catalyst tntg 5g dh cantik.
-eg tema mask dah hbis..mgkn org trlupa dia buat 5g
- volume pun dh near average line.
-indi2 pun cun.
#sekadarkajian#mgknbetulmgknsalah#adududuud
On H4 chart, EG has breakout triangle pattern and next TP is around 0.6. The price is currently testing Resistance 0.535 with Support 0.485. A better entry would be at 0.545 after price breakout the resistance zone with TP 0.6, and 0.625 (RRR 1:1.3)
EP 0.545
TP 0.6 / 0.625
SL 0.485 (RRR 1:1.3)
MACD is crossing on H4 chart, signaling a breakout with RSI @ 65 to...
