Breakout by end of MarchAscending triangle pattern has been forming for a few weeks now. I'm expecting a breakout above the 1.25 resistance level by the end of March.
Bursamalaysia
PRLEXUS Re-entry BUY chancesAfter multiple times accumulation period, price break MidBB Daily TF indicate strong buyers.
1H TF shows uptrend movement with MidBB cross above EMA50.
Re-entry BUY chances at the Support area 0.920
RUBEREX Daily Bullish DivergenceBullish Divergence appears in Daily TF.
Bank accumulation appears to be significant.
Trend confirmation when 1H TF MidBB (SMA20) cross EMA50.
Entry when price test MidBB in 1H TF
YTLPOWR 6742 Bursa MalaysiaThe study is based upon Volume Price Spread Analysis and Momentum
YTLPOWR has shown both Breakout and Momentum.
Close: 0.78
EP: 0.76 - 0.795
SL: 0.68
TP: 0.87/0.96
Disclaimer: This study does not constitutes Buy/Sell per say. Please consult your financial advisor before making any trading/investing decision
Possible Cup and Handle Forming My first time posting here as a beginner trader! Testing my ideas to see ifI see a potential cup and handle forming here, at the time of posting the cup section is coming to an end over the next couple weeks. Then if a handle forms, can go long after the breakout from the dip. Any feedback welcome as I am still learning technical analysis and gaining experience.
TAANN 5012 MYX Bursa Saham 15/3/21Taann looks ready
Close: 3.04
EP: 2.97 - 3.10
Sl: 2.76/2.67
TP: 3.15/3.32/ 3.43/open
Disclaimer: This study does not constitutes Buy/Sell per say. Please consult your financial advisor before making any trading/investing decision.
TR 331. PPHB Weekly starting to make an uptrend EMA 10 > EMA 30 > EMA 200. Now in Wave 4 and expected to make the reversal on 0.5 Fibo level. Seems like forming cup and handle pattern.
2. Reversal pattern formed at D1 (engulfing), price action slightly above EMA 200.
3. Isaham revenue and profit in uptrend, trailing PE 6.3, WAFV RM1.94.
Pennant BO for OCKStrong banker still in position. Support at 495 and immediate resistances at 540, 570. I believe this counter can go further if it can maintain its price above 525.
Disclaimer: Trade at your own risk.
QES Short Term Downtrend?Next few days will be critical to see if there is bullish reversal for this counter by breaking out from the trend line resistance. 455~470 zone is now forming a strong support. Closing above 545 will be a good confirmation for reversal.
Disclaimer: Trade at your own risk.
TR 321. Homeriz weekly starting to make an uptrend EMA 10 > EMA 30 > EMA 200. Now in Wave 4 and expected to make the reversal on 0.382 Fibo level (Wave 2 at 0.618).
2. Reversal pattern formed at H4 (hammer then break with bullish bar), price action slightly below EMA 200.
3. Isaham revenue and profit in uptrend, trailing PE 11, WAFV RM0.905
TR 311. Krono weekly start to make an uptrend with the downtrendline broken and EMA 10 > EMA 30 > EMA 200. Now in Wave 4.
2. Reversal candle formed (hammer then bullish candle) at 0.5 Fibonacci level. Also RBS. Previous reversal on Wave 2 is also at 0.5 level.
3. Isaham Revenue and profit indicator in an uptrend, PE 0, WAFV 0.
VS Monitor for Due Technical ReboundEMS stocks VS, SKPRES, ATAIMS are the hardest hit in the major tech stocks retracement. VS had the worst single day drop as the banker chips dropped just to mere 5%.
Scalpers can monitor for entry as RSI shows it can rebound anytime and it closed just above the strong support of 2.555. For holders looking to enter, please stay away from techs temporarily until the theme stabilises and won’t drop further.
Support at 2.555 and resistances at 2.775, 2.910 respectively.
Disclaimer: Trade at your own risk.
ILB 5614 Bursa Malaysia 12/3/21Looks like Momentum is setting in...
Close: 0.65
EP: 0.64 - 0.665
Sl: 0.0.57
TP: 0.74/ 0.78/Open
Disclaimer: This study does not constitutes Buy/Sell per say. Please consult your financial advisor before making any trading/investing decision.
QES will further PullbackThere is possibility QES will further retrace to near 535 area, the next strong support after it closed within the current strong support zone between 600 and 560 with the slowing momentum.
The best entry price will be between 535 and 540 to take advantage of possibility the price will be pushed up just before QR for the coming week.
Disclaimer: Trade at your own risk.
EURO HOLDINGS BHD - 10 MARCH 2021Cup and Handle pattern formation.
** Trade At Your Own Risk
MYX:EURO
Esceram’s Closed above its EMA20 SupportEsceram need to break the 770~800 region to be able to fly. Current support is at 720.
RSI is healthy and I believe this counter will fly soon as sharks are accumulating (bankers at near 80%).
Disclaimer: Trade at your own risk.
Bursa BCM Alliance BerhadThe rally price might get reject at RM 0.310 before continuing uptrend. If this happened, there is an opportunity to entry at the buy zone.
Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
REITs recovery?several REITs have shown upside movements this week. Currently on IGB it has formed a ascending triangle, awaiting breakout and retest to make sure that its not a false break.
*DYOR on fundamentals
DNEX possible Pennant BOPossible pennant breakout for this counter. Support at 660 and resistances at 730, 840.
Bankers are still maintaining their position at almost 80%.
Disclaimer: Trade at your own risk.
AIRASIA 5099 Bursa Malaysia 10/3/21Breakout on Trend
Close:1.02
EP: 0.99- 1.04
Sl: 0.89
TP: 1.29/Open
Disclaimer: This study does not constitutes Buy/Sell per say. Please consult your financial advisor before making any trading/investing decision.
Bursa Managepay Systems Berhad (MPAY)As appear, there is an potential demand at the price range RM 0.165 - 0.155 and next is RM 0.125 - 0.105. To secured Long position, we can buy from the price in between RM 0.195-0.180 due the the current pricing is at the Weekly & Monthly SnR Zone.
Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
JAKS Projected to hit 1.00 by August?On a nice uptrend movement since end of October. Can consider entries near the trendline support.
Disclaimer: Trade at your own risk.
