01/07/2020 HEVEA*1st June Technical Idea* HEVEABOARD BHD (Stock code: 5095) Today we see that furniture sector was hot and may a new theme for next round rally. we found out that HEVEA was react at demand zone but not move a lot yet. long bias & signal combine with reverse candle pattern, entry confirmation we think that HEVEA have opportunity to challenge last high (0.450) *Risk: Moderate Risk* *TP1: RM0.450* *TP2: RM0.485* *SL1: RM0.380* *SL2: RM0.360* *Risk Return Ratio:2.14x* Strategy: 1)This was a technical play, trade with market flow and momentum 2)Value investor may accumulate at every new low prices or demand zone as long as fundamental remain. HLongby Tychesky884
HEVEAMy view on this counter. 3-drive pattern formed @ weekly TF and price bounce from the 3rd drive.. Now price seems to retrace. Expect price to retrace until 0.32 where decision point/ entry point will be made. - Entry at Inside bar . Min SL and Good Rewards HLongby HafiqAiman8
EASY123 Prediction @MYX HEVEALife is simple...Trade with Simplicity! BUY Signal = (BT-Yellow-Diamond), (White-Candle), (Green-Upward-Triangle), (White-Star) SELL Signal = (Red-Dot), Red-Downward-Triangle) *The trend direction: Extended (Green background) Uptrend. (Must not break the S2 to maintain the trend) *The Bottom signal (BT) was sighted on 10-Dec. *Price tested the lifeline (Redline) & close above it on 26-Dec. *The Momentum signal (White-Star) sighted on 24-Dec & 02-Jan, an indication of the strong buying momentum. *The Bell Alert was triggered on 26-Dec & 03-Jan, an indication of a coming signal. Prediction: The current price was moving within the BOX (R1<>S1). The double-top was observed in the short interim. This will result in the pullback/correction to/nearby the lifeline (Red-line) area. *It needs to break Out-Of-The-Box to make new High for the rally to continue. Preference Strategy: Swing trading (Follow the BUY/SELL Signal respectively.) Target Price: RM0.58-60 & RM0.66-0.68 Cut Loss: If broke below S1 Support RM0.52 *Reminder TP & CL is an individual preference & decision. No fix rule or guideline for it...Trade at your own risk.HLongby Simply_Is_BeautyUpdated 8
HEVEA Cup & Handle potential bullHEVEA potentially have made a cup & handle pattern. The handle briefly break the resistance line. A push beyond this top would potentially gave us a minimum price target towards 0.63 level with stop loss just below the low of the handle pattern.HLongby mukhriz.mangsor3