KLSE: GTRONIC - Coiling for a breakoutA Malaysian semiconductor stock listed on the KLSE, coming towards the upper boundary of a 5-year consolidation pattern.
Depending on how you draw it, it could be a rectangle or an ascending triangle - no matter, the pattern is bullish at this point in time.
The icing on the cake is the small symmetrical triangle forming on the daily chart, which will work nicely as a launching pattern once there is a breakout.
Bursa
KRETAM - Potential Buy on Breakout (BOB) - 17 August 2020Technically, Price just crossed up MA20 and breaks from the consolidation box in daily time frame.
In my opinion, KRETAM will breaks the descending upper trendline and reach RM0.50 ( psychological level ) for the third time.
If buying interest is higher than the selling pressure (successful breakout), the stock has potential to reach RM0.56.
The best entry price for BOB is RM0.49 and the price MUST maintain above the decending upper trendline or else it is a false breakout.
For swing traders, the best entry is last week when the price was consolidated between RM0.455 until RM0.475.
The next best entry is between RM0.480 until 0.490 with cutloss price when the price move back into the consolidation box (RM0.475 and below)
HARTALEGA 1/8/2020Rising wedge triangle seen here with an overbough RSI. Potential sharp correction soon?
Healthcare equipment counters are piping hot nowadays due to the ongoing pandemic. However, there is always a chance that reality may not meet the expectation. Chart wise, hartalega, like most glove counters, it continues to chart high higher highs but it seems to me there may be a short term bearish reversal soon for Hartatelga. Maybe can relook once QR is out.
MTAG 2/8/2020Another attempt to break this major resistance level again. Breaking this 0.580 resistance level is crucial to keep investor momentum going and in order to chart higher highs and lows in the near future. Another major resistance level after that would be at 0.625 area. Will need to monitor first. Personally i think it is only worth entering if it breaks above 0.625.
SSIA idx stock :Example of Complex Correction Wave Here is the example of complex wave calculation based on elliott wave principle.
Overall complex correction wave consists of 5 combined wave (w)-(x)-(y)-(x)-(z).
These complex correction played out for very long period time thus can be very confusing. (w) wave is a zigzag of a-b-c, followed by triangle a-b-c-d-e (x), another zigzag a-b-c (y), followed by flat a-b-c (x) and last, completed with zigzag a-b-c (z).
This educational analysis provided also with example entry strategy, my entry strategy placed on top of last wave 4, why? Well, it gives slight confirmation that the (z) wave of zigzag is completed. The stop loss placed on the very bottom of (z), which means the invalidation zone. Apparently, this strategy only compatible for a long term investing.
This educational analysis is not a financial advice, you should do your own research and always make sure to criticize before consummation.
And last, because the asset is stock, always compare with the fundamental condition of the company.
Thank you, share and like if you found it helpful!
2/6/2020. Bursa Malaysia. DSONIC-WA mahu mendaki selaju sonic?Berpotensi untuk short swing dan mid swing
Dari segi TA (menggunakan indikator sendiri)
- Candle masih dalam keadaan hijau untuk daily chart
- Entry 0.610
- CL 0.570
- TP1 0.670 , TP2 0.695
- RRR = 1:1.22 , 1:1.78
(Dibawah ialah candle bagi daily chart )
(jika mahu menggunakan indikator saya, private chate saya di Trading View)
2/6/2020. Bursa Malaysia. HTPADU berpotensi untuk kenaikan paduBerpotensi untuk short swing dan mid swing
Dari segi FA
- PE > ROE
- Market volatile kerana hanya mempunyai 101.23juta jumlah share
- Sektor teknologi (Digital services)
Dari segi TA (menggunakan indikator sendiri)
- Candle masih dalam keadaan hijau untuk daily chart
- Entry 1.060
- CL 1.030
- TP1 1.18 , TP2 1.22
- RRR = 1:2.75 , 1:3.75
(Dibawah ialah candle bagi daily chart)
Jika mahu menggunakan indikator saya, boleh private chat saya
JCY - Trade & InvestChart:
- Downtrend, attempt to break.
- Starting of markup phase after distribution phase since early 2019.
- Monitor this counter for 2020 opportunities.
Trade:
- Still under downtrend but looking at an attempt to break downtrend-line.
- Volume among the highest since Sept 2019.
- No sell signal yet.
- Breakout on 31st December 2019 after little pullback on 30th December 2019.
- Enter anywhere ranging 0.33 to 0.35.
- There might be strong resistance around 0.40 so be careful around there.
Invest:
- Fundamentally is not a good company to invest, but the performance has shown some improvement in the FY19.
- Net Profit at negative (red) area but possible turnaround in FY20.
- Wait until 0.40 resistance is broken. Then be friend with the trend line and the possibility to hit 100% return is quite promising given the company is improving in term of performance.
Newly listed GREATEC seems possible to meet Decembull season Greatec is one of newly listed company in Bursa Malaysia 2019
Trending looks forming Low High followed by LH and HH.
Breaking of from rectangular pattern in daily chart then box pattern in weekly chart, it seem possible for the price go higher.
But, there’s always a possibility that it reach MA20 IF failed to maintain above the box.
All the best and keep in touch
TAYOR well investors and traders