Entered into our momentum zones but candle still yellow. Because yellow can slow down and turn to red lights
If price break and maintain above 0.785 it will be interesting and that turns the bar into green
Potentially for long term play.
Nearest resistance is 14%
While long term resistance is probably 25-50%.
If it can break 1.17 then they will be another...
-My expectation is price will do a rejection at 1.040/Supply Zone 1
-Why i expect that price will do rejection at 1.040? When i lowering the timeframe i can see a lot of price action.
-Compression can be seen at lower timeframe,based on my experience when a compression appeared before the price reach a supply zone,price will do a rejection.
-Why price reject at...
THPLANT (5112) - TH Plantations Bhd
TH Plantations Berhad, an investment holding company, is engaged in the cultivation of oil palm and processing of fresh fruit bunches in Malaysia. Looking on weekly chart we can clearly see that breaking up 9 years parallel channel since 2013. Futhermore, TH Plant price is in new range of parrallel channel since 2020. In...
Trading idea
just using chart pattern
flag and pennant
why make it so difficult
no indi
just price action and momentum
simpler is better
happy trading gais
Very nice in term of chart wise
price retrace and maybe 3-5 days perform sideway.
if price can maintain above current support line, high potential to
going up till next resistence.
Tayor
As it names,this is plantation company.Good QOQ and YOY sales and profit.Technically,has been forming squat in early phase of base formation.Also forming multiple shakeout (a good sign.Finally today,price successfull break a pivot point with high volume.Lets see if this is a really successful breakout.i think it is
Sector: Plantation
Swing entry with RRR 1:1
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We observed a complete cup and handle formation, and it already breakout the neckline 0.570. Its best to wait for next breakout of resistance at 0.615.
EP 0.615
TP 0.685, 0.745 (support become resistance), 0.955 (cup depth)
SL 0.565
Speed: Fast with only 119M shares float (14% of 883M shares)
Sentiment: Bullish CPO
Plantation is cyclical sector, therefore it...
we have 2 scenario for THplant to trade ahead of earning report in the next few days .If price managed to break 0.575 resistant level next target area will be at 0.65 - 0.75 resistant . If fail to break further retracement with support @ 0.425 level
