The current point exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
GfM breakout with volume.
A lot of big volume coming in.
Strong buying enter into the zone.
Anyhow stop loss is 7% if failed and otherwise its gonna hurt you 15-20% floating and to need to wait for rebound.
Hopefully buying momentum keep that high
Gfm is an integrated facilities management & service provide company.
Back in November, GFM acquired the remaining shares in oil and gas (O&G) maintenance services provider Highbase Strategic Sdn Bhd. As at end-September, GFM had cash of RM93.83 million against short- and long-term borrowings of RM28.48 million and RM241.35 million. Net gearing stood at 99.7%,...
1. GFM price maintain above MA 100, MA 50, and MA 20 suggesting a bullish trend in the mid to long term.
2. Price has showed strong momentum relative to the index and big volume near support @19sen indicate price can sustain current trend momentum
Was gained over 40% since July.
>> Stochastic and RSI are OB. Protect the downside.
>> Buy liquidity showing at daily and weekly... Watch out!!!
Let see how it go.
When a stock / index has gone up substantially, we must be more care if we decide to get involve in it...
monitor closely and be agile....
we cannot PREDICT what definitely will happen ~ we can...
On October 23, 2023, based on the EPRAF indicator, a "Tapak Jerung" (TJ) signal was seen. Let's monitor the direction of GFM after the appearance of TJ.
1. Price candle break out MA 200 on 15 Aug '23 give strong signal the price movement may change direction to bullish soon.
2. Price candle testing MA 200 on 12 May '23 to 14 Aug '23 to shake out weak retailers.
3. GC (Golden Cross) MA 50 & MA 20 happen on 15 Aug '23 is below MA 200 line. Price may PB to MA20/MA50 line to form accumulation area.
4. Price candle and...
From previously show that the trend spike after every QR came out.
My plan is to use the Butterfly pattern when the price has BO and exceeds the B level.
#TAYOR MYX:GFM
Having a significant price movement makes the price closed above MA20 with significant volume confirm the price. It is a positive sign for GFM. MACD and OBV charts have not shown divergence signals yet. Put in your WL and watch out for divergence signals from MACD and OBV charts.
R 0.285
S 0.225
GFM 06/09/2021
Whale movement detected ready to Pump , Whale movement just past level 0.50.
Money Flow smoothly show increasing of accumulation from market maker
Accumulation phase regain momentum for another Spike to happen in next few days.
GFM had started to form Bullish Falling Wedge somewhere in early of May. The falling wedge's band had become narrowed.
As the final closed price is at peak of the band,
I anticipate that it will break out in the following day or it will make a final pullback before breakout eventually.
Currently, Macd had made a cross on 12 July and last closed price just touch...
GFM PP Journey
With illustrative pp price of 0.299 @ 0.30 it it seen that it the strong support for now support is not broken.
How can GFM PP journey fly high into the sky remains mysterious.
For education purpose.
