Looking for support at EMA 7.
Need to break tow mini downtrend line (pink) in order to challenge higher price.
>> pending Bo trendline
>> still is OB counter (which I like most).
>> Best price above 545 as now Hull MA still red.
Monitor how the market react.
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose...
Based on the chart, today's price close lower than last friday but the volume still lower than last friday's volume. Moreover, stochRSI shows a crossover at 20% level and the OBV still in uptrend. This shows that the stocks has a potential to go higher. Furthermore, the there is a good sentiment for this stock because, the company has involved in Johor project.
The result in continuous high volumes where exceeding the MA20 line was due to efforts in price. This is aligned with the candlestick pattern where the price attempted to break out R2 price before the price closed at the R1 price.
The MACD and RSI indicate a positive outlook where not showing indicators to back off from the uptrend pattern.
The parallel...
The daily and weekly candlesticks indicate a positive trend. Hence, a strong uptrend pattern backed by large volume confirms the uptrend movement towards the price resistance R1.
MACD indicates a positive outlook, hence, confirming the price uptrend.
Precaution for a price correction between 5%-10% from the recent price with a minimum volume being...
Poor fundamental company.Technically just breakout from a box with high volume.Inside bosx,we can see that volume on day up is higher compared to volume on down day
Personally, what I learnt is there must be a Technical Analysis Strategic Plan in order to increase the risk-to-ratios favourable risks.
1. Draw Support & Resistance
2. Identify the stages (Accumulation, Advancing, Distribution, Declining)
3. Entry Triggers
4. Stop Loss
5. Exits
I have learnt during my past mistakes that we should let the stock price comes to...
Technical Analysis
Personally, what I learnt is there must be a Technical Analysis Strategic Plan in order to increase the risk-to-ratios favourable risks.
1. Draw Support & Resistance
2. Identify the stages (Accumulation, Advancing, Distribution, Declining)
3. Entry Triggers
4. Stop Loss
5. Exits
I have learnt during my past mistakes that we should let the...
Prediction: Revert Head & Shoulder Pattern. (Rally when it breaks 0.570)
Target Price: R1=0.63-0.66, R2=0.73-0.77
Support/Cut Loss: S1=0.525, S2=0.495
*Trend direction: Revert H&S pattern. Bottom trend reversal - Rally when breaks 0.570
*Yellow-Diamond( BT ) has appeared on 03-Nov, an indication of the bottom.
*Price breaks, stand above on 30-Nov & supported by...
Ekovest is at the bottom of the uptrend tunnel,
we can enter at this level and aim for the previous resistance around 0.635.
Risk reward Ratio = 1 : 3
First TP RM0.635
If it breaks 0.635, it might go up higher to 0.75
Cut loss at 0.515 / 0.49
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Price above the EMA-20, 50, 100
Most likely will rebound at MA200,
MACD crossing above the zero line
Bullish momentum after the price break above the Resistance Level 0.620
