Opportunity and Risk Green Arrow (Transparency = 0) = Representing Opportunity Red Arrow (Transparency = 0) = Representing Risk Green Arrow (Transparency = 30%) = Representing Secondary View for Opportunity, or less probable outcomes Red Arrow (Transparency = 30%) = Representing Secondary View for Risk, or less probable outcomes DISCLAIMER: This analysis is...
Market still ranging and consolidate. However, if the price break the support level, might be it will drop to previous lowest low @ RM 0.06. We can see this counter is not so favorable at the moment as the volatility very low for the past few weeks. I'm watching closely to entry buy if the price break the next resistance level. For now, we just need to be patient...
Expected market will continue bearish for this week and retest the previous lower low and expected will will rebound at support zone before start bullish until end of this month. Need to wait for confirmation this week
Now in sideway trend. Expect buy when touch green zone
Just a simple analysis for this oil counter. I'm still bullish with this counter because on the technical side we can see the price compressing to complete Ascending Triangle pattern. On top of that, we have the internal pattern of Double Bottom which I think strong signal for price reversal. I just roughly forecast the movement of the price by using Fibonacci,...
I don't really care about Sapura going back to above 1 Ringgit, I am very skeptical. Regardless, going to play in this oil rebound. Only short term, I don't have high expectations on oil and gas. I am expecting it to fill the gap and go to maybe around 20 cent ish.
Target long for Sapura as prince unable to break lower low previously , and aim for long until nearest resistant at H4 tf
With Break up volume (Disclaimer: for demonstrate planned trade records study only, not for recommend to buy or sell)
Potential double bottom and might be close the gap if break resistance level MYR 0.115. We can chip in long or wait until the price break the resistance and make pullback to the breakout pattern.
Price is above middle bollinger band and suggested an uptrend. Is't the bottom price have been reached? We will wait and see some fundamental aspect for oil and gas this week to ensure this forecasting will move according to plan for next few months. Weekly Resistant: 0.125 Weekly Support: 0.085 Pivot point: 0.1
Weakness in the chart: 1. Continuation of distribution stage 2. No sign of shakeout 3. -38% from Red Pentagon signal Hit the "LIKE" button to support us :) 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
SAPURA NOW IS CONSIDER DISCOUNT PRICE. HOWEVER, BE CAREFUL IF PRICE DOWN TO BELOW SUPPORT.
Strength in the chart: 1. Shakeout pattern 2. Back to support in the accumulation 3. Potential pullback trade 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