Entry Point at 9.700 Sup 1 and 9.500 Sup 2
Technical Analysis Personally, what I learnt is there must be a Technical Analysis Strategic Plan in order to increase the risk-to-ratios favourable risks. 1. Draw Support & Resistance 2. Identify the stages (Accumulation, Advancing, Distribution, Declining) 3. Entry Triggers 4. Stop Loss 5. Exits TNB currently is at Declining Stage, Downtrend. Monitor...
2021 STOCK PICK FROM EXPERTS PURPLE LINE = STRONGER SUPPORT RED LINE = MINOR SUPPORT Disclaimer: Please be informed that above analysis are solely for education purpose; it is neither a trading advice nor an invitation to trade. For trading advice, please speak to your remisier or dealer representative. You are responsible for your own risk management Do Your...
TENAGA has been trading below 200 days Moving Average since Oct 2018 and continued its downside movement below a downtrend line from Nov 2019. The share has recently recovered an oversold condition in late Oct 2020 by a strong bullish move, however failed to close above resistance R1 at 11.50. Hence, this upbeat momentum could not introduce any change into...
based on TA, divergence is very strong indicator for market price to rocket up.
Target tp 14.00.. tenaga are making 3rd wave after completing diagonal for so long.
tenaga capitulation setup buy at 10.38 tp at 13.16 sl at 9
Detail @ The Chart
Bluechip Breakout on Downtrend Line EP 1: 10.90-11.10 EP 2: above 11.50, Top up on Breakout MA200 TP 1: 12.50 TP 2: 12.98 Cut Loss: Below 10.70 - 10.80
Next support is 11.090. Will the smart money willing to push the price next week?
1. Good rebound to collect for long term 2. Target to reach 12.5 - 14 in 3 months 3. Risk taker can consider CW C83 C85
MYX:TENAGA coming to resistance 11.5 with a support of 10.82. It is almost a V shape rebound. Would it be strong enough to breakout and test 12.46
Price previously touched Fibo level at 4.236 indicated buy is over, and no buy breakout to buy at current level. Blue chip is good, however current level might get you stuck in red.
Buying zone between 8.730 and 9.030 . Find the confirmation in lower timeframe before entry.
Detail @ The Chart