my current hypothesis is that, price going to bo the BUEC
volatility reducing, tightening of price
price initiated as attached.
high risk entry
Pure Wyckoff
The bigger picture, showing that MSM currently in MARK-UP phase ( Accumulation Schematic 2, Rising Bottom )
i am focusing on the MARK -UP phase :
Which is the stepping stone (yellow color box, Local
trading range)
Signal - spring & Buec
thus, position initiated based on POE #3 (Buec)
pure wyckoff
MSM Malaysia Holdings Bhd:-
This counters is expected to contiune it's upward trend as before till 1.010 and if reach can make an new high of 1.075.
Can considered for buying above 0.980
Resistance:-1.095,1.170
Support:- 0.850
The Relative Strength Index (RSI) is 71.81
Coretan Trading Idea ini hanyalah kajian & pembelajaran sesuatu kaunter saham SAHAJA. Ini BUKAN merupakan satu bentuk BUY CALL kepada mana - mana pihak dari penulis.
Mana - mana pelabur dan pedagang adalah bertanggungjawab terhadap tindakan dan pelaburan masing - masing.
BERDAGANG DI ATAS RISIKO ANDA SENDIRI
MACD and OBV charts indicate a divergence signal with a probability of an uptrend pattern.
This is confirmed with the candlestick body pattern where the price already rebound from the support line.
Let put MSM in WL and watch out for significant price movement with volume or when the candlestick body crosses up the MA20 line.
R 1.26
S 1.110
Technical Wise:
After breaking out of the downtrend, it has been consolidating with healthy volume. Price also moving in higher low while the share price holding above 200-EMA. With this formation, I am expecting to see the price to challange recent high again and has upside potential of 70% which can meet RM 2.7, in mid-to-long term.
Like my post on Malaysian...
So nice chart pattern.
consider for WL
price try to test support
can monitor for volume coming and join the crowd.
As usual, maybe this counter will rest for a while
TAYOR
We notice strong collecting at RM1.73-1.74
MSM gaining momentum back and price expect to break out RM1.75 soon.
Proper shakeout and re-accumulation done.
Sign of Strength in the Chart:
1. Strength signal above 20/40ma
2. Volume increase on upbar
3. Green Pentagon above 20/40ma
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
Sign of Strength in the chart:
Hourly chart:
1. Reversal setup
2. Line Change high volume
3. Green Pentagon above 20/40ma
4. Pullback
Stocks to monitor:
1. Pestech
2. Solarvest
3. MSM
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...
one of the worst situation at Bursa is nearly over?
just captured this counter
- Reversal of double bottom
- Rebound at nicely area of fibo 61.8
- Creating High-Higher Low-Higher High
- Channeling up
#tayor
MSM retracement of wave 4 has reached between 141% to 161% of wave A for zigzag retracement.
If price breaks resistance 1.77, it may trend higher towards primary target of wave 5 at 2.50.
Key resistance : 1.98 / 2.10 / 2.50
