Price has broken the trendline on 29/07/2022 and formed pullback around the trendline area. Would this indicates for MYX:HONGSENG to change direction to uptrend? Potential entry: RM0.495 - RM0.57 Resistance: RM0.505 / RM0.54 Support: RM0.49 Disclaimer: This trading idea is for education purpose only. This is not a buy call nor a stock recommendation. Please...
Can try to take a long position on HINGSENG as spotted rebounding at fibo786 in weekly chart with a pin bar. Probable EP would be at current price, TP at fibo618 in weekly chart and CL below recent swing low as shown in the proposed trade plan.
Chart above will explain itself, if manage to sustain above RM0.495 then I will EP all in for Impulse Motive Wave 5. Tayor Bayor.
Suspected to be the end of rally. Failed to breakout the final volatility contraction, and most likely will reach 200 MAs. Have not done macro& fundamental research on this one. Just scheming thru.
Increase profits significantly in QOQ and YOY.Price just break above descending triangle with high volume
Consider to study and monitor HONGSENG which appears to break-out from a pennant formation and that the price has also crossed up the pivot point. In addition, HONGSENG's pattern also resembles that of Elliott Waves' ABC corrective zone formation on regular flat. The potential EP, CL and TP are indicated in the chart.
Looking Good to take from the reversal .For Target and Stop loss For KLSE stocks intra day and contra day trading for Target and Stop loss Text me in whats app +91 73138 16218 Market Cap: 8705 M. Number of Shares: 2553 M. Adjusted Float: 55.3%. Stock highly correlated with GENETEC (96%) BPPLAS (95%) NGGB (93%) SAM (93%)
Too high already, or buy high sell higher the price already up 240%++ but the volume pattern is decreasing gradually in short , price UP volume DOWN, ..tend to bearish but to who wanna try, better use trade Breakout strategy but, me personally prefer to wait until the price pull back dont FOMO trade as planned hepi trading gais
Let see if it can break the price 2.080 making new high based on previous chart pattern forming pennant pattern and just break the range
128 days VCP development with below contraction. C1: -27% C2: -19% C3: -11% C4: -4% Low risk entry point formed with <5% risk. Awaiting breakout! Disclaimer: This sharing is based on my personal experience in technical chart analysis. Not a buy call, trade with your own risk.
Hopefully the bullish continuation
RSI for HONGSENG is now at 30. look to buy when candle close above previous day high and exit when RSI reach >40. Maybe can get 10%-20%. FOR LEARNING PURPOSES
HONGSENG seems to be slowly woken up from slumber going sideways for months and now it seems to be building momentum. Potential entry for parking