My first time posting here as a beginner trader! Testing my ideas to see ifI see a potential cup and handle forming here, at the time of posting the cup section is coming to an end over the next couple weeks. Then if a handle forms, can go long after the breakout from the dip. Any feedback welcome as I am still learning technical analysis and gaining experience.
Classical Flag Pattern may on the move with some issue to be focus on....
Confirmation or False?
Another classical stochastic also may help to ease the clear direction either bull or bear will be winning in the war area
Just broke short trendline with solid volume
Rebound at trendline
Price close above ichi cloud
Still got the momentum to go up
Not fully overbought yet
EP above 0.425
R/TP: 0.485 / 0.515 / 0.545
Trading Idea HIAPTEK (04/02/2021)
- Buy at support (EMA50)
- Target as drawn
Disclaimer: This trading idea is strictly intended for informational purposes only so please do your own analysis before making any investment decision.
Hiaptek- trend yang cantik market lebih kepada uptrend, harga tertahan pada 0.470 baru sahaja menyentuh support dijangka harga mampu mencapai 0.515. sekiranya harga meembusi 0.545, harga semestinya pergi jauh hingga 0.747 dari analisis fibo juga menyokong support yang berlaku.
Based on the chart, we can see that HIAPTEK currently completing its retracement. I think it will be able to test 0.530 in the near term.
Whether it will break or not is depending on the buyer's volume.
TAYOR!
We observe flag pattern after 40 bids jump in early December. We also spot a reversal candle (hammer) inside the flag which could indicate reversal of plag pattern. MACD gives early breakout signal with RSI still showing momentum. Volume is lower in the flag which gives a good signal.
EP 0.505
TP 0.535 (+6%), 0.630 (+24% Fibo 1.272 target), 0.705 (+39% Pole...
