The current point exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
PPHB VCP setup since Sep 2022 with below contraction:
C1: -20%
C2: -5%
C3: -7%
Volume seen to enter in 3 phases (Sep, Begin of Nov and End of Nov). Something definitely brewing. MASTER already fly high. Will PPHB follow next? Breakout on 29th Nov and pull back to re-test the previous resistance as support.
My previous VCP setup sharing was SFPTECH. Can refer to...
1. PPHB Weekly starting to make an uptrend EMA 10 > EMA 30 > EMA 200. Now in Wave 4 and expected to make the reversal on 0.5 Fibo level. Seems like forming cup and handle pattern.
2. Reversal pattern formed at D1 (engulfing), price action slightly above EMA 200.
3. Isaham revenue and profit in uptrend, trailing PE 6.3, WAFV RM1.94.
After sideway for quite sometime, PPHB will be able to close above 1.085 and finally breakout from its 1.250 resistance.
The Current price is actually a good price for entry. A good fundamental counter which can be kept for long term.
Disclaimer: Trade at your own risk.
-perlu berada atas 1.020 utk ride the trend.
- sniper dragon semakin kekuningan.
-sniper ss juga sudah bersilang dan keluar buy signal.
- target 1060/1090/1130/1175/1240/1400
#sekadarkajian#mgknbetulmgknsalah#entahla
Please consider your own interpretation of Opportunity & Risk:
NO BUY CALLS OR INVESTMENT ADVISED ARE PROVIDED.
DISCLAIMER: This analysis is for reference and learning purposes only. It is based on my personal view in the market from a technical analysis standpoint. None of information posted in this chart can be used as investment decisions or investment...
By law of cause and effect, the recent price of PPHB has achieved its medium term target price from calculation made by point and figure chart, taking into consideration the accumulation process MAY till NOV
Based on law of cause and effect, we estimate that the current price has achieved its medium term TP and hence biased for distribution for the next few days.
PPHB is currently in bearish trend but seems to get into bullish position.
I would recommend traders to let the formation of triangle pattern before deciding buy the stocks. Entry pr6.ice of RM0.655 with potential 5% return within 7 trading days.
Life is simple...Trade with Simplicity!
*Trend direction: UPTREND - Green background (Higher-High & Higher Low was observed)
*The price has break-up and stand above our lifeline (Redline) on 05-May.
*Bottom signal (Green-upward triangle 19-Mar, followed by Yellow-Diamond "BT" on 23-Mar & 27-May) were sighted on our chart.
*Turning points (Purple-candle) have...
