with current price action showing BUEC in action,
it looks like trade about to happen in view of Absorption in progress
would be there an explosive upward?
trade initiated as shown
PURE WYCKOFF
Price manages to make new ATH with pure breakout.
Immediate target: 2.3 (symmetrical triangle vertical target)
Current RBS is 1.93, previous ATH, if monitor closely in H1, RBR demand zone is seen at the same level. Worth to monitor for pullback at that zone.
*Personal opinion, trade at your own risk*
HEXTAR was one of my best trade in 2021 with a compound % gain of 74%!
All 3 trades back then in 2021 were just using VCP. You guys can see the link below that i shared last year Jan 2021, July 2021. I didn't share on TradingView during November 2021 setup but I do trade and update members in my weekly stock pick.
AGAIN, VCP is developed since April 2022 with...
Sign of Strength in the chart:
1. Shakeout completed
2. Re-test support successfully with NS signal
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Selling zones for CO due to super high volume in middle and high range. If its bullish the demand should have higher volume at the bottom cos its accummulating. This looks like distribution character.
Bias to the downside preferred with target 1.280. SL 1.620 local high for invalidation.
8% profit
-price dah sampai 15% dari BO place
-ADR (volatility),
drop from green to red line (range 2.5 - 2.9)
indicate supply = demand
-RSI>50 = strong uptrend momentum
-RS>0 = strong stocks compared to FBMKLCI
characteristics:
1st drop < 35%, last low cheat < 15% from top
monitor closely when it has small range,
Remember: volume come first before...
Quite extended from 1st initial uptrend breakout.Fundamental also showing loss for 3 consecutive quarter report.Setup is there,but be cautious,eventhough price already retest the previous cheat setup (horizontal line)
Sign of Strength in the chart:
1. Reaccumulation with Pocket Pivot
2. Positive Market Stages with Support
3. Green Pentagon with Spring as Pullback
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
GOODLUCK TRADERS
TRADE AT YOUR OWN RISK
buy at the support will be recommended!!!
“Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.” — Albert Einstein
JUST MY OPINION!
NOT A FINANCIAL ADVISE!!
Looking Good to take from the reversal . For KLSE stocks intra day and contra day trading for Target and Stop loss
Text me in whats app +91 73138 16218
Since its commencement in 1985, the Hextar brand has been marking its place as one of Malaysia’s foremost agrochemical companies. Today, the Hextar Group is a leading crop management solutions provider, both...
Hextar has been a one-year-rally. However, the share has been working lower for a pullback from ATH at 1.35, forming a pennant pattern. A breakout above this pattern suggest that the continuation trend is intact and the price should witness buying momentum at higher level. As such, the share may head north to test the next resistance of 1.39, followed by 1.52....
