Possible leader in technology
Pro:
- Low float between big tech stock (major reason harnlen, kym, cfm, annum can BO easily. Risk management for cut losses)
-Above all MAs
-BO woth volume
-Low volume down days
- Tight price action forming handle
Con:
-Price action volatile during downward and upward momentum
-Growth stock season?
-Too far from MAs. Handle need...
1. Today breakout out from down trendline with more than average trade volume. Hopefully it's meaningful sign for the starts of new uptrend.
2. Daily MACD making a golden cross good sign of trend reversal.
3. Overall still intact with long term up trend. And rebound from MA100.
4. Hope coming days can break and sustain above long term resistant 3.85. Then will...
From the chart shows that it is reflected perfectly after touching the channel.
The channel formation is useful to look for breakouts either continuation or reversal.
#TAYOR MYX:PIE
Found Bearish Bat Pattern and my expectation price will retrace to 3.27.
If price BO from the channel (yellow line) price will make new ATH and can reach to 4.22(1.27%).
#TAYOR MYX:PIE
Support: 3.81
CUTLOST 3.71
Resistance: 3.91/4.01
P.I.E. Industrial Berhad is an EMS company. P.I.E. Industrial Berhad, through its subsidiaries, principally manufactures consumer and industrial products. The company also produces portable handheld gaming console for a Japanese company. The company offers cables and wires for electrical devices, cable moulding...
PIE experiencing VCP setup as well similar to it's competitor (VS, SKPRES). Can refer to link below for the other 2 counters' pattern setup.
For PIE, obvious higher low formed with below contraction:
C1: -32%
C2: -12%
C3: -6%
C4: -11%
C5: -8%
Awaiting rebound from C5 and breakout to confirm entry point.
BTW, SKPRESS seem breakout first yesterday on 15 Sep...
A healthy financial company.Price now is at resistant level of All Time High.Latest quarter report shows increasing profit.Weekly MACD also just crossed up.Company supported by institution and one of the company in strong sector
quarterly earning will be announce on 12 august
probably will retest previous resistant at 3.18 first,before further advancement
MACD weekly about to cross up
PIE hits all time high at 3.7 region. At this region, price hit the ceiling and pull back strongly. 3.7 is an immediate resistance and 2.2~2.4 serve as an good immediate support.
Disclaimer:
This is solely a sharing of investment idea and does not serve as an investment advice.
Any losses incurred due to this post wouldn't serve as a liability to the author.
