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THPLANT - Looking for strong bullish momentumEntry & Exit strategy setup. The recent bearish candle is accompanied by moderate volume, indicating selling pressure but not overly aggressive. Wait for confirmation that the price holds near Entry 1 (0.645) or Entry 2 (0.620) before entering. Watch for additional volume support or bullish reversal candlestick patterns. Monitor Ichimoku signals, particularly if the price reclaims the Tenkan-sen and Kijun-sen. Ensure your position size aligns with your risk tolerance, aiming for a risk-reward ratio of at least 1:2 or better based on your stop-loss and take-profit levels. Monitor market conditions closely, as external factors can influence the price movement. Look for confirmation via price action and volume to ensure trades align with the anticipated direction. Note: 1. Analysis for education purpose only. 2. Trade at your own rik.
MYX:THPLANTLong
by mg6112
CRESBLD - Analysis on potential of price movementThe price is trading around the Kumo, with recent candles moving just above the cloud. A bullish sentiment is present, but the price needs a confirmed breakout from the Kumo. The Tenkan-Sen is above the Kijun-Sen, signaling short-term bullish momentum. The Chikou Span is slightly below the price, indicating that while momentum is picking up, the breakout confirmation needs to be strong for sustained upward movement. 0.715 (0.886 Fibonacci level): This is a key resistance level before hitting the Y wave target (E) at 0.725. 0.725 (1.0 Fibonacci extension): The major resistance level and target for the current Y wave formation. 0.685 (NT level): This level is critical as immediate support. If the price holds above this, the uptrend may continue. 0.675 (V level): Another support level which could act as a reversal point if the price pulls back. Enter on the breakout above the Kumo cloud at around 0.685, with confirmation of bullish momentum. Place a stop-loss below the Kumo at 0.650, which is also below the previous consolidation support zone. This setup presents a bullish scenario if the price can hold above the NT projection level (0.685) and break through the resistance near 0.715. Watching for Ichimoku confirmation with a clear Kumo breakout is key to entering the trade confidently.
MYX:CRESBLDLong
by mg6112
SLVEST - Looking for potential bullish momentumY wave, target (E) within stipulated time. The current price is almost exit down Kumo, suggesting a potential bullish breakout. The Chikou Span is above the price 26 periods back, indicating potential bullish momentum. If golden cross occur, which is typically consider a bullish signal. Volume appears relatively consistent but should be monitored for any increases to confirm momentum. Consider entering a long position as the price is breaking above the Kumo. This breakout could signal further upward momentum. Place a stop loss slightly below the cloud boundary or recent low around 1.55 to manage risk if the breakout fails. A reversal or close back within the Kumo would weaken the bullish setup. Failure to break above the Fibonacci resistance levels at 1.67 and 1.69 may lead to consolidation or pullback. Note: 1. Analysis for education purposes only. 2. Trade at your own risk.
MYX:SLVESTLong
by mg6112
PMETAL, potential swingOur algorithm has identified potential upward signals in the current market. Increased trading volume and prices above the EMA20 and EMA50 suggest a possible upward trend. 💡Trading idea dan plan: ✅Entry: 4.35 🛑Stop Loss @SL: 4.20 🎯Target Price @TP1: 5.00 🎯Target Price @TP2: 5.45 🎉Target Price @TP3: 5.85 (This trading plan is for reference only and may vary based on your entry point and risk tolerance.) Remember, trading strategies are just 10-20% of your overall success. The real key lies in effective risk management. Having a solid trading plan and proper position sizing are crucial for maintaining the right trading psychology. Master your risk management and stick to your plan. Happy trading!
MYX:PMETALLong
by FakhruddinFazil
Synergy House - Cup and Handle PatternSynergy House, a furniture player headquartered in Setia Alam, appears to have formed a Cup and Handle pattern on its technical chart. The company stands out despite the overall underperformance of the industrial products sector. Furniture exporters, including Synergy House, are expected to benefit from a stronger USD. Besides, the company has implemented AI solutions to enhance cost savings. However, a major risk for the company stems from the default risk posed by one of its clients.
MYX:SYNERGYLong
by ZhengQian
HUMEIND shorten will be....The MACD line is crossing below the signal line, indicating a potential bearish crossover. The histogram is also starting to turn downwards, further supporting this bearish sentiment. The RSI is currently below 50, suggesting that the momentum is weak. This combination of signals suggests a potential downward trend in the short term. However, it's important to monitor the indicators closely and consider other factors before making any investment decisions. When the market moves where, and how, and if - these are all unknown. The only thing which we can control is our risk. Focus on risk management! Keep the long term vision. Disclaimer: The mentioned stocks are based solely on personal opinions for educational and discussion purposes only. There are no buy or sell recommendations. Trading involves financial risk, and you are responsible for your own decisions. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the information contained herein.
MYX:HUMEINDShort
by DSELE99
AIZO, can become aiyoyo?The MACD and RSI indicators are giving mixed signals for AIZO. The MACD suggests a potential upward trend, while the RSI indicates neutral momentum. This means it's too early to confirm a strong trend. It's best to monitor the indicators closely and consider other factors before making any investment decisions. We cannot control how much we win. But we can control how much we lose. Focus on what you can control! Disclaimer: Please be informed that all stock picks are solely for educational and discussion purposes; they are neither trading advice nor an invitation to trade. For trading advice, please consult your remisier or dealer representative.
MYX:AIZO
by DSELE99
BNASTRA, the coming weeks will be.....Let's analyze BNASTRA using MACD and RSI: MACD : * The MACD line is below the signal line, indicating a bearish trend. * A potential bearish crossover might occur soon, which could signal further downward pressure. RSI : * The RSI is below 30, suggesting the stock is oversold. This could indicate a potential rebound. * However, a sustained period below 30 could signal a stronger downtrend. Combined Interpretation: Both indicators are currently pointing to a bearish trend. However, the oversold RSI suggests that a short-term rebound might be possible. Remember: * Technical indicators are tools to aid analysis, not definitive predictors. * Market conditions can change rapidly. * Always consult with a financial advisor for personalized advice. Disclaimer: Please be informed that all stock picks are solely for educational and discussion purposes; they are neither trading advice nor an invitation to trade. For trading advice, please consult your remisier or dealer representative.
MYX:BNASTRAShort
by DSELE99
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GREATEC - FROM BEARISH TO BULLISH ?GREATEC - CURRENT PRICE : RM2.37 After reach the bottom with a bullish HAMMER CANDLESTICK on 16 OCT 2024, the stock broke out of its downtrend in mid October and is building on a trend reversal, suggesting a bullish bias may be emerging. Based on chart pattern analysis, we can see that there is a DOUBLE BOTTOM pattern. The downward movement from 12 July 2024 have potential of forming V BOTTOM pattern. Today 06 Nov 2024, the share price make a new 2 month high to closed at RM2.37, supported by strong trading volume. This bullish momentum may propel the share price to move upside in the upcoming session. Target Price : RM2.52 and RM2.70 Support : RM2.26 (half candle of today session) Notes : Market reacts positively to Trump’s 'Victory' in Presidential Race. Bursa Malaysia Technology Index made a 6.18% gain on a single day. We hope this positive market sentiment will continue to push technology stocks to upward. Lets hope for the best. TAYOR - TRADE AT YOUR OWN RISK.
MYX:GREATECLong
by IMRAN_96
Tanco, will it keep dancing?The stock price of TANCO has been rising since September, but it recently pulled back. The MACD indicator suggests potential downward momentum, but low volume indicates a lack of selling pressure. Possible scenarios: * Uptrend resumes: If buying pressure returns, the stock could continue its upward trend. * Retracement or consolidation: The current pullback could be a temporary pause before the uptrend resumes. * Downward correction: If selling pressure increases, the stock could experience a deeper correction. Consider market sentiment, news events, and other technical indicators for a more comprehensive analysis. Remember to conduct your own research or consult a financial advisor before making investment decisions. Disclaimer: Please be informed that all stock picks are solely for educational and discussion purposes; they are neither trading advice nor an invitation to trade. For trading advice, please consult your remisier or dealer representative.
MYX:TANCO
by DSELE99
Simple13 Trading IdeaCurrent Price: RM 2.40 (+6.19% today) Today’s quarterly earnings report showed revenue growth but a QoQ profit drop. Despite the profit decline, the stock opened with a gap up, indicating that the results were above market expectations. Key Observations Technical Breakout: Today, the price broke above the 20 EMA on the daily chart. If the upward momentum continues, the 10 EMA could cross above the 20 EMA on both the daily and weekly charts, signaling a strong bullish trend. Tin Price Correlation: This company’s profit is closely tied to tin prices, which are currently at a low support level. If tin prices rebound from this level, the company’s next-quarter earnings are likely to improve. Entry Area: RM 2.40 to RM 2.20 (near trendline support). Take Profit Area: RM 2.40 to RM 3.30. If the price drops below RM 2.10, consider cutting losses as it may dip below the 20 EMA, signaling a deeper pullback. Summary This stock presents an interesting opportunity, driven by positive earnings surprise, technical breakout, and potential rebound in tin prices. If you believe in a stronger profit outlook for the next quarter, now could be an excellent buying point near trendline support. Disclaimer: This post is for informational purposes only and does not constitute financial advice. Please conduct your own research and assess your risk tolerance before investing.
MYX:MSC
by Simple13_Trading
PMBTECH - BOTTOM HAVE REACHED and POSSIBLE TREND CHANGING ?PMBTECH - Current Price : RM1.93 PMBTECH may had reached bottom as we can see in chart there is BULLISH DIVERGENCE in stochastic oscillator. Furthermore, the low is getting higher than previous low indicates some bullish scenario. In addition, based on ICHIMOKU CHARTS, CHIKOU SPAN manage to climb up above LEADING SPAN 1 (but still below LEADING SPAN 2 - means still inside CLOUD). And today share price is testing to move upward into CLOUD. Take note also that share price is trading above 50-day EMA. With all the information we identify in the charts, we believe that the share price may move upside in the upcoming session. 1st target will be the FALLING RESISTANCE LINE (blue colour line) , 2nd target will be 200-day EMA. Support is RM1.75 (the low of LONG OPENING BOZU WHITE CANDLESTICK) Notes : Please study the FUNDAMENTAL of company and also other related news/catalyst. Trade at your own risk.
MYX:PMBTECHLong
by IMRAN_96
Simple13 Analysis for Long Term InvestorToday’s strong price surge was likely driven by the recent quarterly earnings report, which the company has declared a third interim dividend, marking its highest annual dividend payout to date. This dividend announcement has likely attracted long-term investors, as evidenced by the substantial inflow of large transactions. Key Observations: High Volume but Limited Price Movement in 2nd Half: During the second half of today’s trading session, the stock didn’t move up much despite high volume, similar to the first half. It show a strong resistance at current price. So, likely the stock will pull back. From a technical perspective, this price surge is also due to the confirms a break of the downtrend line with strong volume, indicating sustained interest and support for this price level. Buy in or Accumulate: While today’s momentum may slow down, there’s an opportunity for long-term investors to buy during a pullback. Consider entering in two stages: 1st Entry: Near the Fibonacci support level, as this may provide a strong base. 2nd Entry: Closer to the trendline for additional confirmation. Summary: The high dividend payout and the technical breakout signal both point to continued interest in the stock. With today’s gains, it’s reasonable to expect uptrend momentum may slow, offering potential buying opportunities on pullbacks. Disclaimer: This post is for informational purposes only and does not constitute financial advice. Please conduct your own research and assess your risk tolerance before investing. MYX:KGB
MYX:KGB
by Simple13_Trading