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.
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.
EP 0.595/0.6/0.605
TP 0.625
SL 0.585
Backtest result from 2022-07-29 09:30:00
63 trades
76% win rate
p.s: not a financial advice
#deepagiscreener #TAYOR #bursa
SDS break out Cup & Handle Pattern
Potential target price 1 @ 0.465
Potential target price 2 @ 0.540
Disclaimer:
This is intended to be used and must be used for technical analysis education purposes only. Trade at your own risk.
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analytical technical learning only, not a recommendation to buy this stock
The share price rebounded upon touching resistance turns support at 0.35, followed by a bullish pennant pattern. We notice a breakout above the pennant today, suggesting further movement to the upside. The nearest Fibonacci resistance is seen at 0.465, followed by 0.58 and 0.655. Price movement below 0.34 would negate this expectation.
Disclaimer: No trading...
price seem to hold at this current support .355 . macd indicator showing a positive buying side.
if price able to break resistance .395-.405 and stay above it, potential testing 52WH.
im monitor for trading opportunity.
10th May 2021
Technical Stock Idea: SDS
SDS GROUP BERHAD (0212)
We see SDS was trading in an uptrend channel and now was testing it support area (0.40-0.435).
We think that if share price able to sustain above 0.445 that will show possibility break last high (0.485) and testing new high.
🎯 R1: RM 0.485
🎯 R2: RM 0.500
🎯 R3: RM 0.520
✂️ S1: RM 0.40
✂️ S2: RM 0.35
SDS
Theme: Retail
Rst: 0.445
Spp: 0.395
Well supported above 0.415, and indicators continue to sustain around bullish territory. The stock still can see a break through from Fibo Ext 100% at 0.445
The most of strongest Momentum wave - Golden Wave (impulse)
Criteria :
Minor wave 3 in 3rd impulse major Elliot Wave
Strong Bullish Momentum volume unusual
Steepness of a trend line increases from 45% to 70% deg
Strong Break in bar retracement symmetry leading to a change in trend behavior
Bullish gap up price action
Might be breaking out the 0.435 resistance level. need to see how it open next monday. it also might reverse back to 0.385 resistance level. we can see a guild higher high and higher low at the resistance before it close above it. my prediction is the price will continue to breakout next monday!
Stop loss 0.42
Accumulation, Mark up, Distribution, MarkDown this is a normal basic market cycle due to human behavior.
RSI is considered a momentum indicator. Normally people use to trade for overbought and oversold.
But sometimes, the overbought and oversold condition can be continuos for a long period of time.
Traders often have no idea what to do during market correction or sector rotation because their stocks are in a losing position. Also, they struggle to find stocks that are bucking the trend.
In this video, you will find out these 4 Malaysia stocks - MYX:CCK , MYX:DAYANG , MYX:OSK and MYX:SDS that outperform the market during the sector rotation and how to...
