Using our BMS signal system was able to detect such bullish move today. We have already noticed this bull alert since last week and true enough today market open gap-up and price move up. We are very confidence with the signals detection algorithm continue to provide us with further signals. Last minute profit taking today and created a long upper wick. We...
RESINTC ( Sorry. I dun even know what The Hxxx ) this stock is ..Currently trading as top of the most active (Volume) list in BURSA trading .. Probably at the end of "Bull Trap" trend as price seem forming at the end of an expanding flat pattern ABC (Red Circle )
Refer to the EPRAF indicator, last Friday at RESINTC there was an interesting color line in accordance with the “Harga Paling Murah Orang Beli” formula. With an attractive MACD Signal and Stochastic above the 60 level, RESINTC is expected to continue rising this Monday.
Kaunter: Resintc
Sector: Industrial Product & Services
For Breakout strategy, entry will be mad after swing entry exist followed by positive MACD.
RRR: 1:1
R: 0.575
One bid upper R is 0.58 but price ranging from 0.58-0.585
Decided to enter at 0.585
EP: 0.585
TP: 0.62
CL: 0. 55
UPTREND
BOD stock , last time resistant at 0.51
Analysis
1. Uptrend – PASS
2. Fast / slow Turtle Buy Signal appear - PASS
3. FiFT +ve – PASS ( with BOB )
4. Near significant support- PASS ( FIBO, DOUBLE BOTTOM SUPPORT, EMA 50)
5. Price Above EMA 50 - PASS
Best BoD setup. RM 0.51 , wait at there to buy near to support
Bullish bias emerged above the symmetrical triangle pattern . As such, the stock may head north to test the next resistance of 0.60, followed by 0.645. Meanwhile, a reversal to below the triangle apex at 0.430 would negate this expectation.
Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis...
Note
- In previous close, it shows that the chart already meet a triangle effect, which allows the price action either going uptrend or downtrend
- If its goes uptrend, the entry should bring at price 0.40 ++. If its goes sideways, the entry should consider at 2 suggestion entry point (0.36 or 0.31).
- For intraday buyer, look closely monitor price action where SL...
Just my opinion for the Resintech.
-Candle rebound MA20
-newly breakout 52 weeks
-pullback to RBS or previous high
-stochastic start to cross up
Good luck!
My aim for LONG at area RBS . With the help of fibo retracement, current price is within 0.236-0.382 and if it manage to maintaing within this range price will continue climbing the market
