BUY
- Buy around 550 within the area between 550 and 575
- If it can’t break 590, it might go back to the range of 550 – 575 in hope to forming a lower level of volatility of less then 7% - shake out the previous hands in Jan & Feb (+90%)
SELL
- SL is around 515 with a -7%
- Observe accordingly since there are multiple resistances from years back
RATIONALE...
Sign of Strength in the chart:
1. VCP in re-accumulation
2. Double NS at support
3. High volume at resistance
4. 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
Daily TF is uptrend, steel sector
Swing entry with RRR 1:1
Disclaimer:
You should not engage in trading unless you fully understand the nature of the transactions you are entering into and the extent of your exposure to loss. If you do not fully understand these risks you must seek independent advice from your financial advisor. All trading strategies are...
P.A. Resources Berhad, an investment holding company, is engaged in the manufacture and sale of aluminum products primarily in Malaysia. Aluminium is one of the huge demand products in future for the E.V. car.
From the chart we have found that price are making higher low and sit on SBR at 0.490 - 0.515 zone area. If break 0.560 can going further to north and...
PA
Theme: Aluminium
Rst: 0.54
Spp: 0.505
Symmetrical triangle breakout on 07-Apr is being sustained above 0.505, which is indication further surge will be induced, since indicators are gaining back their momentum, doing so is possible.
Last bullish candle showed it was trying to breakout from downtrend line resistance to end its consolidation phase. Positive indicators: MACD golden cross and RSI has much room to go. Banker at 68%.
Support at 450, resistances at 505 and 535.
Disclaimer: Trade at your own risk.
MYX:PA
PA has consolidated for the past 2 weeks with diminishing volume. Its price range is also tightening as seen on the chart, A breakout from this range would confirm its immediate trend.
Currently its MACD is flat and above 0, any movement upwards or downwards would result in a GC/ DC.
I am bullish on PA. For the past 2 weeks its volume depicts buyers...
Notes
- By using Trendband chart, its shows a bullishness price action. Look for best entry and exit.
- Suggest TP-01 +8%. TP-02 +12%
- SL -6%
- For Intraday buyer - suggest TP- +4%, SL -2%. Buyer at any area Zone-1 in every entry made.
- 2weeks buyer. suggest buy at Zone-2 if retracement reoccurred.
Note
- There is no sign of doji. which is buy and sell price meet in middle. but determine from chart, it is possible the price might goes up.
- If correction happen, the retrace should declining until New S1 line. Or watchout if its break even sooner, my suggestion for entry will be in between S1 line
