Sedania were a company provide Airtime & Data Peer-to-Peer Transfer Platform for Celcom Axiata Bhd and Maxis Bhd in Malaysia and Robi Axiata in Bangladesh back in 2017, and now they had expand into Fintech, Sustainable Energy and Healthcare.
Looking at their QR revenue was below Rm 8M until year 2020. But their last 4Q revenue had increased significantly....
Filter 3 combines the conditions of both Filter 1 and Filter 2. It requires that both Filter 1 and Filter 2 generate signals simultaneously. When this happens, it indicates a strong breakout signal with price and volume confirming the upward momentum.
MACD already crossed up.
TAYOR
Wyckoff accumulation phase completed with the price with volume have arrive in E point. Next move will make the spring and can enter position if the chart make HH and HL.
SEDANIA
-2021 rallied high stock from RM0.180 - RM1.70
-Price retraced into bearish downtrend price action from RM1.70 - RM0.290 in Year 2022.
-Sideways traded within range of RM0.290 - RM0.520 in 2022.
-Potential breakout price action trade to transition into a bull trend.
The candlestick body and volume closed above the MA20 line, hence, indicating a divergence signal with a possibility of an uptrend pattern.
The RSI indicates strong gain momentum towards indexes 50.
MACD and OBV indicators indicate a divergence signal. Hence, confirming the price movement towards the next price resistance.
Precaution for a price correction...
The candlestick price indicates a SEDANIA rebound from the support line with volume confirming the trend.
RSI is below 30 indicates an oversold or undervalued condition. Therefore a precaution is needed when bid SEDANIA.
Let's put SEDANIA in WL and watch out for significant price movement with volume continuous above the MA 20 line.
R 0.440
S 0.380
The candlestick indicates a possibility of Reversal Signal where the OBV chart confirms the divergence signal with volume above MA20. MACD chart indicates a weak momentum Put this in your WL and watch out for more price rallies with volume.
R 0.665
S 0.575
It show fresh BO from trendline and i try to draw Deep Crab pattern.
It will formed when price BO from point B and price maintain above point C.
#TAYOR MYX:SEDANIA
