Pohkong Price still inside a big triangle while Gold already breaking ATH. But both still in "ranging market" in next 2,3years.
Bismillahirrahmanirrahiim What i can see there are hidden divergence was formed which is a bit rare to see this kind of divergence. Since there are gap upon. I believe the upside potential is high. Target for previous swing high might reward around R3
Another perspective for POHKONG. Upside for this stock looks very good if breakout the handle.
Pohkong with good RRR. On the way to continue breaking 52wh.
Looking at the chart of Poh Kong Holdings Berhad (MYX:POHKONG) and using the Moving Averages indicator, we can see that the stock has been trading above its 50-day moving average (MA) for most of the past few months. This indicates that the stock has been in an uptrend, and traders may want to consider buying on dips. However, there have been some recent bearish...
Pohkong price have been surging up for > 30% for past 6 months due to gold price. As gold price might be in “consolidation” probably “triangle range” for few years. So will pohkong..
PohKong May completed its “bullish triangle” pattern soon. Even Possible “stop hunting” with “hit & run” @ Rm0.73.
Gold as a main trading instrument for “hedging” inflation doesn’t seem its “shining” probably the The trump “cash is king/US $ “ “after affect” still “dominating” after 2 years..What “make up stories /fundamentals news“ “can buy” this time that could make gold soaring high again?!
Missing a “boat” to ride gold with pohkong . ? Maybe @ Rm0.780 on wave (E) (cyan).for last ticket to the “moon”.?
1)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts... Disclaimer
POHKONG. Potential having more than > 5:1 "Very Good" reward-to-risk ratio trade setup, As current price of Rm0.865.. As Risk 13.29% VS 102.31%...
The price candlestick indicates a breakout signal due to significant price movement with high volume above the MA20 line. The RSI momentum towards indexes 70 where high buying momentum. MACD and OBV indicators indicate a positive trend towards an uptrend pattern. Precaution for a price correction ~10% - 20% from recent peak price due to short position by the...
Best waiting for next impulse weekly strong candle break ma 20/50 ++ healthy volume
POHKONG's bullish triangle seem still valid.. perhaps..still waiting for GOLD price surging up to all time high again...
POHKONG chart seem like is going to completed its wave (E)( Cyan) of bullish Triangle soon. A potential of >125% Gain ( From RM0.80 to RM1.800 )...
POHKONG ( Gold/ Jewelry retailer ) may just completed its wave (D) (cyan) of bullish triangle. Price may down to Wave E ( Cyan) of triangle. Before a "Breakout Triangle" the GOLD's Bull Run!
POHKONG price seem still ranging above RM0.750 and still may form a triangle..
broke trend-line and RSI trend-line. im watching for tradinf opportunity.