SCGM looking good with their profit. 1. After a long trending market price stop for accumulation or distribution. 2. Forming a descending triangle indicates a continuation of the bullish trend. 3. Stoc oversold for Daily TF. 4. Bearish volume diminished. Entry 1. Good entry if TF 1H have SV Target price 1. 1st TP will be 3.900 if break the triangle.
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...
Disclaimer: This is just a sharing purpose and not a buy call. Seem like SCGM already gone through 2 contraction and 3rd contraction is in progress. Volume also getting dryer compare to previous. Strategy: Waiting the 3rd contraction to develop. Only consider to enter if the price able to stand firm back above MA50. Enter point will be during it breakout the...
SCGM's breakout from recent high/resistance (rm3.27) and close at 3.32, very likely to move up further, the next resistance should be rm3.50.
Long if price able to break and closed above 3.025. Possible resistance 3.290 and 3.465. Recommended stop loss would be 2.815.
Market sentiment. If tomorrow cannot climb back, short term downtrending. If you like my chart, just give me a LIKE, follow me and share it to your friend. :) Disclaimer: I am not Investment guru. Every stock analysis are purely for my personal learning and practice purpose. It is not for any buy or sell call to anyone. Everyone are responsible at your own trades.
-top 20 jewels frm a very popular local bank... -technical : let's look at some price action... this is trade 117) frm haidojo trading…SCGM has been in UPTREND since “THE BIG FALL” this mid-March 2020. Actually, it has been up for more 400% since the “Big Fall”…until recently, the price has broken to new structure high and reaches “no man land”… current...
Looking at the setup, SCGM may either trade with: 1- Strong momentum to Breakout the Flag Pattern 2- Strong Trend- Break to 32.8% then only continue the trade 3- Condolidation 4- Strong Pull Back break below RM2.75 What will be your take?
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 for...
With the good QR coming out, will SCGM manage break 2.0?
Downtrend broken, break last high (1.080) follow by trying to break 1.405 level in next 3 day. trying to break 1.405 level at 31/3/2020 and 21/4/2020. high potentially to test in next few day, if success will try to test 1.505 level. SL will be 1.20 level and aggressive trader can try if tonight US market is good. else can accumulate at (1.350-1.265) level
Thank you for your continued support :) Strategy: MA Crossed Bias: Bullish, After two weeks, SCGM seems digested the effect of coronavirus (COVID-19), and covered the big drop on 31st Jan with volume. If the bullish momentum continues, the share price of SCGM should challenge the previous resistance at RM1.66. If the share price of SCGM can sustain above...
Trend: Bullish Rst: 1.68 Spp: 1.50 Bullish channel breakout, with RSI rising & MACD bullish crossover. Volume healthy. More upside can be expected.