Buy signal triggered based on MRV1 setup at RM0.245;
20% target at RM0.295; stop loss at RM0.220;
2-3 months due to the signal based on the daily timeframe.
**Only for discussion purposes. Not a buy / sell call.
Today breakout with high volume. Overall uptrend and gonna make HH. Will close the previous gap? TYOR! DYOR!!
Disclaimer: Any reference to a specific trading strategy is only to assist in learning, and shall NEVER be relied upon when making future investment decisions.
Risk Disclosure: ayamsumsum will not accept any liability for loss or damage as a result...
Note.
PROs fact!
- Few positive idea to indicates this stock.
1) All price movement is in green zone (EMA8, EMA21).
2) All price movement is above directional line (black, EMA100).
3) All price movement line is above Long EMA (red, EMA200).
4) Volume is above Volume MA (30 days)
CONs!
1) Bursa Consumer Index is below EMA 200. But has a...
Entitlement subject Bonus Issue
Entitlement description SPRING ART HOLDINGS BERHAD ("SPRING ART HOLDINGS" OR THE "COMPANY")
BONUS ISSUE OF 166,274,800 FREE WARRANTS ("WARRANTS") ON THE BASIS OF 2 WARRANTS FOR EVERY 5 EXISTING SPRING ART SHARES HELD AT 5.00 P.M. ON 23 FEBRUARY 2021 ("BONUS ISSUE OF WARRANTS")
Shareholder's Approval Yes
Ex-Date 22 Feb...
This counter have potential to keep on creating momentum based on current price that touching Upper BB and Indicators that showed buying signal.
We can look for entry at price around 0.365 and based on the Dynamic Support Mid BB which is 0.350 - 0.345.
I expect the price can move back to
R1: 0.405
R2: 0.415
#Dislaimer: This is not a buy call, just for learning activity
SPRING_ Short term
Entry based on pullback/retracement/weakness
Short term- to complete wave 3, currently in the correction mode. if the price able to sustain above FIBO 61.8
next target, fibo extension - 0.5 -0.618.
Price currently creating AKB where it indicates the price will try to seek Top BB.
Currently the price breakout Inside Bar Setup. Have potential to go till
TP 1: 0.400
TP 2: 0.415
The short-term trend has been on down-selling pressure since early December, nevertheless based on the green kumo cloud, the future trend still looks bullish.
Despite the price violated below 20-day EMA, it managed to close at 38.2% FR and briefly above the 50-day EMA.
A hammer Japanese candlestick indicates the price is rejecting to go lower and sends a signal...
Furniture producer spring art, newly listed company since end of 2019. While newly listed means a new uncharted territory, Spring have so far shown a nice months of accumulation period between 175-255. There is a clear broadening triangle pattern depicting the accumulation process.
Assuming 275 is the creek, i have made the PnF TP calculation
PnF= 0.005x3x25
=...
Strength Signal in the Chart:
1. Mark-up stage with Pullback
- High volume upbar
- No confirmation on UT bar
2. No Supply (NS) signal at Support
- Less seller / Successful removal of seller
3. Re-accumulation with Shakeout
- Shakeout support successfully tested
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Disclaimer
This information only serves as reference...
