Several indicators within my algorithmic system are signaling a potential uptrend. These include:
- Increased volume: Activity is picking up, suggesting growing interest and potential momentum.
- Mid- to long-term uptrend: Both the 50-day and 150-day exponential moving averages are pointing upward, indicating a sustained positive trajectory.
These factors...
Feb 19
Several indicators within my algorithmic system are signaling a potential uptrend. These include:
- Increased volume: Activity is picking up, suggesting growing interest and potential momentum.
- Mid- to long-term uptrend: Both the 50-day and 150-day exponential moving averages are pointing upward, indicating a sustained positive trajectory.
These factors...
This undervalued construction and property player in Malaysia, MRCB has shown good performance recently. Pullback from the 52Wk high at 0.705, the price now stabilize around 0.56 to 0.59.
The intrinsic value for Malaysian Resources Corporation Berhad is RM9.91 based on Discounted Cash Flow Valuation, that is discounted 94.2% from current price.
Price now...
MRCB above 0.715 is bullish, below 0.715 is bearish. Key date to watch is 24 April 2024. The forecasted trajectory is heading south unless the price action can penetrate 0.715 comfortably.
I didn't hold any position in this counter.
If I do, wil choose to take profit / protect the downside.
Base on day chart, it seems like will pullback.
We cannot control how much we win. But we can control how much we lose. Focus on what you can control!
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only....
Price has tested resistance formed since September 2023 with some low volume selling on 9.1.2024.
Long & short term moving averages have aligned.
MACD shows bullish momentum.
Between Oct to Nov 2023, prices have tested support with low volume as well as two shakeouts.
Wyckoff accumulation pattern also appears to near its end with possible SOS.
If price manage...
Testing the RM0.425 resistance, and got defeated. Property and construction is on the move lately after the conclusion of the 6 states election in Malaysia. #LONG
- Working around with the consolidation phase
- Probably will be the starting of new rally
- May plan earlier to ease the next move
Disclaimer:
For discussion and sharing purpose only. NOT entry recommendation. Trade at your own risk.
#TAYOR
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 stock price comes to...
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 stock price comes to...
MRCB look nice to rebound. Already tested short DTL.
Price just crossed EMA200 and above EMA50.
MRCB has the potential to go up and to test the next DTL around 0.720.
(Just for research & learning)
![MRCB: [MRCB]: Riding the construction wave](https://s3.tradingview.com/z/znmOzK7J_mid.png "[MRCB]: Riding the construction wave")
