Based on Weekly and Daily timeframe, The long trend would see that PA will go bearish heading to 0.360 Let's see how it will play out.
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...
PA almost broke out its resistance on 3rd May, at 0.55. EP: 0.55 SL: 0.50 TP: 0.62
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...
Complete all 5 Elliott waves... As price get more volatile coupled with high volume, believe and bias that now in distribution phase.