Can try SCOPE in volatility reversal at Elliott Waves' ABC corrective zone in daily time-frame. If seen in weekly time-frame, SCOPE appears to be reversing up from fibo786.
Price above EMA 20 moving toward EMA 50.
Stock rebound toward new downtrend line.
If bo, TP1 is 0.280 and TP2 is 0.310.
CL at 0.250. Quaterly report on the way.
Hoping for good news.
Trade at you own risk. Comment if you have different idea. Thank you for your time
From a low of 0.195 on 28 June 2021 to a high of 0.470 on 11-12 Nov 2021, SCOPE retraced, consolidated and rebounds from EMA200 and Fibo618. Probable EP would be 0.305 to retest Fibo618 and the anticipated TP would be at 0.360 daily pivot point. The probable CL would be 0.285 (ie below recent swing low) or at 0.265 ie below S1.
After it made its triangle breakout on 20th Oct,
Scope looks ready to continue its uptrend journey.
Scope had been making its Higher Low starting from July '21. We can see at the lower band line.
Currently:
1) Stoch %K is at 85 higher - I believe it will create an upward momentum further.
2) CCI reading on 25 Oct had climb from near 0 to 123 indicate that...
SCOPE is still gaining an uptrend momentum. And the price is still within the upper-level Bollinger Band. Hence a good choice for a long-term strategy. Put in your WL and watch out for a significant price and volume movement.
R 0.390
S 0.340
Support: 0.34
CUTLOST 0.31 | Resistance: 0.37/0.4
Scope Industries Berhad, an investment holding company, is engaged in the manufacture and assembly of electronic components, power transformers, compact fluorescent light bulb, electronic and plastic products, and other related products. It also trades in electrical and electronic products. The company primarily...
Sector : industrial product.Historical not a good fundamental company,however there are significant increasing sales and profit for past 5quater report consecutively.Could be a turnaround company.Technically,just broke pivot point of cheat setup,with high volume
If continue go up after this fake breakout and breakout stand still above the resistance it will continue breakout next resistance and make new high of this year
BUY Support: 0.31
CUTLOST 0.28
Resistance: 0.37/0.4
Scope Industries Berhad, an investment holding company, is engaged in the manufacture and assembly of electronic components, power transformers, compact fluorescent light bulb, electronic and plastic products, and other related products. It also trades in electrical and electronic products. The company...
Another penny stock that gaining uptrend momentum.
Scope share price experiencing continuous uptrend since August, starting with quite artificial price manipulation on august and now getting more natural. We expect natural uptrend to continue to few more weeks.
Forming high low, contracting volume with correcting, both of the good signs showing possible set up...
TA
Brief explanation for the indicator in second panel 2,
RED bar = LONG
GREEN bar = SHORT
Purple line = LONG
GREEN line = SHORT
As of today (11th JULY 2021), RM0.255
Red bar able to stand above the Purple line = GOOD SIGN
FA
- Main nature of business involves = Electronic Manufacturing Services (EMS), Printed Circuit Board (PCB) =67% of group
- Major...
With recent significant price and volume in yesterday, trading make SCOPE in Break Out (BO) signal where is close above the top BB. Now, can SCOPE continue the momentum this week? If the price is can hit R 0.375 then it will be the long position for everyone.
R 0.375
S 0.325
Trading Idea SCOPE (19/7/2021)
- Potential upward with positive momentum towards next resistance.
- Support and resistance as drawn
Disclaimer: This trading idea is strictly intended for educational purposes only so please do your own analysis before making any investment decision.
Scope had finished it's double bottom formation on 6th July 2021 after it had created 2nd bottom 29 June.
Currently it is in pullback situation when it reached back to its neckline.
I am anticipate that the pullback has finished today or will in next 2 days period. This has to be verifiy with when buying pressure to kicks into.
Currently:
1) Today had shown a bit...
