Today, the stock price rebound from HL and break the resistance. There is a probability for the stock to move up from minor consolidation. Then, the next resistance is at RM3.64. If the price can break above 3.64, it is likely for the stock to move to another stage. Moreover, there is a possibility of golden cross to occur because, the MA50 is below and near to MA200.
just wait for the best enntry point
this coumnter has potential to reach higher price base don market structure
has break 3 time major dtl.
plan ur trade
Bearish indicators on UWC. Especially with the 123 pullback from 4th October.
However foreign funds have been flowing into the Malaysian market from the previous week and expected to continue into this week and should result in green across the whole market. Good time to exit before it breaks the support?
Stock to Focus:
1. Inari
2. WCT
3. AirAsia
4. UWC
Sign of Strength in the chart:
1. Accumulation / Reaccumulation Stage
2. Green Pentagon in Weekly Chart
3. Above 20/40ma
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
Sign of Strength in the chart:
1. Bullish Green Pentagon in Weekly and Daily Chart
2. Long Period Reaccumulation
3. Price above 20/40ma with Strength
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
UWC
Rst: 5.98
Spp: 5.79
Positive progress, green candle re-emerge above pennant BO neckline, signalling chance to break away from Fibo Ext 61.8%. So far no sign of dragging.
BUY
- AVOID but
- Buy above 5.11 and plan to hold long with tight SL (not recommended)
- Recovery in Nasdaq might help to boost the stock price in short term but the stock is in overall weakness for the last 26 days
- More time is needed above 5.11 for a proper base to be formed – confirmation is needed around 6.25 and 6.57
SELL
- Make a tight SL above 5.11...
UWC
Theme: Tech
Rst: 5.90
Spp: 5.40
Second violation of upward trendline after first attempt done on 03-MAR, when red candle flushed below lower BB and plagued by plunging indicators, the stock shall see further weakness towards RM5 again.
I believe you can see it coming, big players big selling in the 1h timeframe. Usually in this kind of situation, the rise in coming. Hold your position !
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 recommendations and not to cause inducement to...
