SILVER a turn at the 0.618 🦐SILVER after the last bearish impulse retraced at the 0.618 first and then retested the 0.5.
Now the market is approaching daily support and according to Plancton's strategy if the market will break below we will set a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
0168
Entry Opportunity for Boilermerch (0168.kl)Observation:
a) Market Stages:
- Stock is currently in the beginning of Stage 2 (Mark-Up).
b) Trend Line:
- Price traded sideways nearly 4 weeks before moving up, turning Resistance into Support.
c) Price & Volume:
- Price spread is small with very low volume during its sideway move.
- High vol. came when it broke the Resistance, currently turning it into support.
Based on observation, currently price is making a pullback with low volume.
Every trade is 50-50 since no one can predict market movement.
If entry is made, my trading plan would be as follows:
Entry Price: 63.5 sen
Stop Loss: 59.5 sen
Profit Target: 67.0 sen
STOCK REVIEW : BOILERMECH HOLDINGS BHD (0168)Based on OUR analysis it's time to make decision for BOILERMECH HOLDINGS (0168)
TECHNICAL ANALYSIS :
Based on current price 0.770 it will continue on bearish on support zone (S1), if they break the zone which is 0.755, it means they want to find the strong support (S2) 0.730. And do the rejection to find the nearest ressistance (R1) at price 0.910.
Probability do rejection? YES, they will do retracement at Fibo Level 0.38 (FB1:0.820), going short a little until level 0.12 (0.775) and then it will continue bullish mood also find the nearest resistance R1.
Wait for next confirmation after they break R1 it will continuously on bullish mood. Possibilty find the next resisitance R2. But must see the MA to know the trend continue long or short trend
WHAT IF they break second zone of support R2?
In my honest opinion, it show that performance of this company will confront bad either financial or management in this year.
FUNDAMENTAL ANALYSIS :
Current Div Yield 1.90 > Ave. Div Yield 1.55
It show that this stock is UNDERVALUED, very good reason to buy it know.
Based on Financial Position FTYE17
Asset, the trade receivables is reduces amount RM40,010,389. It's a GOOD sign, because debt collector that manage properly.
Inventories reduce RM2,712705 (-8.51%), NOT GOOD because it show less WIP in this year.
Trade payables reduce RM12,691,183 (-31.4%), GOOD sign, less do payables and good payment on time in previous year.
Tax Liabilities reduce RM 56,090 (-95.8%) VERY GOOD. It shows this company pay tax properly in this year eventhough it's not quite good year in current econony situation.
This stock will be potential in 2018. It is just on paper, but not reality, it based on current economy and company performance decisions.
Analysis from our team, Ghibli & Co. Hedge Fund Capital in Kuala Lumpur.
Any inquiries about investment/analysis please contact us ghiblico.my@gmail.com