Sector : Industrial product.Fundamentally weak company.Tecnically shows breakout upper triangle pattern with very high volume.SO,is SUCCESS has successful breakout?lets see
Significant price movement from previous trade makes the price is in breakout signal with volume confirm the price rally. The price closed outside from the upper level of the Bollinger Band creating a shape of a fish tail. Is this will be a long trade position? Is the price can continue the momentum? MACD and OBV charts indicate a divergence signal and a positive...
Support: 0.91
CUTLOST 0.86
Resistance: 0.96/1.01
Success Transformer Corporation Berhad, an investment holding company, is engaged in the manufacture and sale of electrical apparatus and industrial lighting in Malaysia and internationally. The company is also involved in the production and sale of metal products focusing on metal stamping parts and metal...
SUCCESS uses 156 days to develop the VCP with below contraction.
C1: -23%
C2: -11%
C3: -7%
C4: -4%
C5: -5%
C5 is generated after breakout with volume and experienced a healthy pull back.
Disclaimer:
Not a buy call suggestion. Sharing the chart pattern for education purpose. Trade at your own risk.
In this counters shows pullback setup after breakout descending upper trendline with high volume. This is consider low risk entry as we will cut loss less than 4% if the price break RBS.
Other good characteristics:
1. Chart shows the price is on uptrend phase
2. The chart also shows triangle pattern
3. The pullback with low volume shows less seller at the moment...
Hmm.Not a good fundamental counter at all.Nothing interesting to talk about fundamental.Otherwise,technically,forming symetrical triangle.Wathout for any breakout upward or downward with high volume.Pay attention closely to any news or catalyst to support breakout.
Wave 4 - Triangle Correction (Triangle ABCDE) is over & starting to wave 3 at fibo level 161 .8%
Disclaimer: All Trading Plan Ideas are for learning purposes only, for the purpose of buying & selling shares. All purchases or sales or even losses on stock transactions, are your own responsibility.
Thank you
Pre Consolidation Breakout Setup.
NO INVESTMENT ADVICE IS PROVIDED
DISCLAIMER
Please consider your own interpretation of Opportunity & Risk. The author of this post strictly follows the Malaysian Security Commission ( SC ) Guidelines on the prohibition of Investment Advice by unlicensed parties. Any examples shall use historical charts without any...
Sign of Strength in the chart:
1. Green Pentagon above 20/40ma
2. NS signal in daily chart
3. Pullback pattern in hourly chart
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
