tradebrewer

tradebrewer

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 =...

tradebrewer

With the recent coverage by Hong Leong IB giving fundamental TP at RM0.65 , we did some study on technical point of view using Wyckoff analysis and Elliot wave. The price has moved beyond the established R line and retrace on the RBS forming. By looking at the volume , we are biased towards the conclusion that the price is showing sign of strength (SOS) , and has...

tradebrewer

GOLD has seems to be at its distribution area. Based on TP calculated using Law of Cause & Effect PnF chart, conservative target can be considered reached at USD2100 area (2077 to be exact). Here's how I deduced TP reached: 6 years of accumulation (2013-2019) at USD1180-1400/oz shows a classic schematic of wyckoff accumulation phase. On PnF chart, using box size...

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Purely Technical analysis, there is a clear classic wyckoff accumulation pattern resembling an inverted HnS or cup and handle. Using PnF, i have calculated conservative and aggressive TPs. PnF = 24x0.01x3 = 0.72 TP consv= 0.20 + 0.72(50%) = 0.56 TP aggrsv= 0.20 + 0.72 = 0.92 will the history of 2014 repeat itself forming shark fin pattern?

tradebrewer

Artroniq aka PTB has broken put of its trading range with clear JAC,LPS, and SOS. Based on LCE PnF charting the TP calculation as follow: Pnf = 16x0.01x3 = 0.48 TP consv= 0.14 + 0.48(50%) = 0.38 TP aggrsv = 0.14 + 0.48 = 0.62 TP conservative has already touched. However, using volume profile indicators (visible range), there is no clear distribution in...

tradebrewer

By law of cause and effect, the recent price of PPHB has achieved its medium term target price from calculation made by point and figure chart, taking into consideration the accumulation process MAY till NOV

tradebrewer

Based on law of cause and effect, we estimate that the current price has achieved its medium term TP and hence biased for distribution for the next few days.

tradebrewer

Been accumulating since the very beginning with clear chart pattern of cup and handle and possible inverted HnS on the right-hand side of chart (the classic accumulation pattern) This study is a little bit too optimistic by taking PnF TP all the way since end of 2018 till date as seen in the chart Grand PnF= 25x0.01x3 = 0.75 TP consv = 0.32 + 0.75(50%) =...

tradebrewer

Possible reaccumulation to form wave 3 EW. ooorr, maybe not. Developed trading range 500-525/530 (Smaller) or 500-550 (Bigger) Low risk, repeating trades at any case of a TR breakout (580), possible immediate TP based on PnF as on 24 Nov 2020, around 700