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...
The PA buy signal was triggered based on the MRV1 setup at RM0.275. The target is a 20% increase to RM0.330, with a stop loss of RM0.245. This is expected to take 2–3 months due to the signal being based on the daily timeframe.
Not muuch can be said on its movement but I like how it presents itself. Coming off a downtrend from the start of the year, stopped...
22/11 touch FVG area and pullback.
Currently price at lower part of Parallel Channel, need to be careful as it may breakdown.
>> Price below Hull MA, personally will avoid ATM.
>> DC for Stochastics and RSI... Buy dip? Think twice though.
>> Possible to up? Maybe.. but might slow. I prefer fast moving things. Skip PA ATM.
"chart reading can go wrong or...
Fundamental,lost on last QOQ,but improve on YOY.Price has been broke the upper trendline.However need to past a latest horizontal line before it can fly
GOODLUCK TRADERS
TRADE AT YOUR OWN RISK
buy at the support,sell at the resistance will be recommended!!!
“Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.” — Albert Einstein
JUST MY OPINION!
NOT A FINANCIAL ADVISE!!
Trendband cycle build up but no breakout candle for today. Now pullback to test Down Trendline. See how next candle react. EP above 0.475 would be good but look at pullback for EP also a smart move. Look for reversal candlestick at pullback area/Support area.
Support: 0.4
CUT LOST 0.37
Resistance: 0.43/0.46
P.A. Resources Berhad, an investment holding company, is engaged in the manufacture and sale of aluminum products primarily in Malaysia. The company offers extruded and fabricated aluminum products, as well as aluminum billets. It extrudes various aluminum profiles, such as customized profiles designs, furniture...
P.A one of aluminium related theme stocks.. Possible forming an expanding flat pattern ABC ( Red Circled). where price could reach at around RM1.00 which is the next major supply zone
Successive higher lows and higher highs. A fresh MACD GC just occured and RSI is increasing indicating growing strength in bullish momentum. This is looking to retest ATH at 0.570 and the creation of a NEW All time high.
On the weekly timeframe, PA is breaking out of its 52week high. and its MACD has formed a GC above 0. Its volume is increasing week on week and depicts strong buyers are in control of the stock price. My TA indicators are all pointing towards the continuation of the uptrend for PA for weeks to come ceteris paribus.
Key levels to watch out for:
R1 = 0.60
S1 =...
It appears that our previous wave count earlier in May (posted on 5/5/21) was void after PA failed to break into new high and instead move down lower. Our new wave analysis reveals that the 5th wave was truncated in a form of an ending diagonal. The selloff that follows was a corrective wave A of a zig zag followed by a bounce to form wave B. We believe the...
Amidst the recent broad bullish sentiment in steel stocks, we believe PA resources one of the few laggards in the group might soon join the bull party. Based on our wave counting, the recent moves in PA appears to be the start of wave (v). Earlier in April, it completed a double three corrective pattern of wave (iv) and slowly climbing its way up approaching its...
