Life is simple...Trade with Simplicity!
*Trend direction: UPTREND - Price move above our Lifeline (Redline)
*Turning points (White-candle) have appeared on 16-Jun, an indication of the price revert to upward direction.
*White-Diamond appeared on 06-Jul, an indication of strong momentum acceleration.
*Yellow-candle & Bell-alert have appeared on 10 & 20-Jul respectively, the rally take-off signs.
Prediction: Price has breaks the critical resistance RM0.625, likely it will rally to the next level.
*The rally anticipated to goes up minimally 50% from our turning point (RM0.525) to RM0.77
Preference Strategy: Swing trading (Follow the BUY/SELL Signal respectively).
Target Price: R1=0.66-0.68, R2=0.73-0.77, R3=0.98-1.01
Support/Cut Loss: S1=0.605, S2=0.555
*Reminder TP & CL is an individual preference & decision. No fixed rule or guideline for it...Trade at your own risk.
*If you are interested in our trading template. Feel free to drop us a message, we are happy to share with you.
Signal's Interpretation:
BUY Signal:-
*Green-Background = Indication of an Uptrend
*BT-Yellow-Diamond = Indication of Bottom signal.
*Green-Upward-Triangle = Indication of Hot-seller, potentially a Bottom signal.
*White-Diamond = Indication of a strong upward momentum accelerator.
*White-Candle = Indication of a strong turning point or a trend reversal.
*Yellow-Candle + Alert-Bell = Indication of Price take-off area.
SELL Signal:-
*Red-Background = Indication of a Downtrend.
*Red-Dot = Indication of Hot-buyer, potentially a Top signal.
*Blue-Candle = Indication of Price selling off area.