Consider to study and monitor KERJAYA whose daily chart resembles that of a bearish BAT harmonic pattern where the price has rebounded from fibo886. Probable EP is at current price of 0.170 which is also a 4h pivot point. Probable TP1 at Point B and the probable final TP at Point D. CL would be be low Point A.
Kerjaya Prospek has spent the last 5 consolidating within this support zone.
A head and shoulder pattern is now formed. Is this the time for a bearish to bullish reversal?
Just a prediction, traders may look for additional confirmation.
Maybe it will go up to close the gap.
Strong resistance at 1.27
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#TAYOR
Pre Consolidation Breakout Setup.
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Please consider your own interpretation of Opportunity & Risk. The author of this post strictly follows the Malaysian Security Commission ( SC ) Guidelines on the prohibition of Investment Advice by unlicensed parties. Any examples shall use historical charts without any...
Formation of cup and handle pattern can be clearly notice on larger time frame (weekly/monthly).
If price able to break 1.6 and breakout, then confirmation of bullish formations.
Can trade warrant counter as alternative for bigger returns.
KERJAYA-WB
Warrant info (as per 2/5/2021) :
Expiry = 28/02/2023
Exercise/Strike Price = 1.6
Gearing = 7.11
Premium =...
If you guys follow on my previous chart on UWC, you can find the similarity between UWC and KERJAYA. In the 1h timeframe, the selling by the big play is there. We are waiting when this is going to over. Plus this is a profitable company. Kerjaya currently trading at PE of 18.5. I can say it's medium. Not too expensive or cheap. Watch for the falling
Technical Analysis
Personally, what I learnt is there must be a Technical Analysis Strategic Plan in order to increase the risk-to-ratios favourable risks.
1. Draw Support & Resistance
2. Identify the stages (Accumulation, Advancing, Distribution, Declining)
3. Entry Triggers
4. Stop Loss
5. Exits
I have learnt during my past mistakes that we should let the...
