Get started

CMS

867 China Medical Systems Breakout / Long IdeaHello Tradingviewians, CMS has been in a long consolidation to digest lowering growth rates. Additionally it has been under fire by short sellers, alleging CMS of faking revenue numbers. Should the numbers be genuine, and factors like consistent insider buying suggest it, CMS represents serious value at this point. Technically, a two year downtrend collides with the support line of the superordinate uptrend. Should ladder win, a short squeeze may follow to previous interim highs. After a phase of returning confidence, all time highs could be reached again. This is my first published technically supported investment idea. Let me know what you think. Thanks! BR
HKEX:867Long
by UI00
CMS ready to take off? (Cahya Mata Sarawak; 2852.kl)Stock code: 2852 Stock name: Cahya Mata Sarawak Bhd Screener: 18LC for 11 Mar 2019 Observation date: 12 Mar 2019 Observation: a) Price & Volume: - Price: Low to average spread on the sideways with wide spread on upbars. - Volume: Low vol. on average price spread with high volume on price upbars. b) Market Stage: - End of Accumulation stage (S1) soon and possible beginning of Mark Up stage (S2). c) Trading Range: - Price is trading within a Trading Range (since end May'18 till to-date). - At the same time, we can see a Symmetrical pattern appears with peak and bottom at Point 1 - 6. d) Resistance & Support: - Price is well supported at Support Line 2. - As of today, price closed above Resistance Line 1. - At the same time, it closed higher than the previous bar, hence nullifying UT. Remarks: - As we can see, price has broken above the top side of the Symmetrical pattern. - If price holds and close higher, this means market decided to move the price higher; a beginning of Mark Up stage (S2). - Hence, we need to see a few bars to confirm the breakout.
MYX:CMSBEducation
by mdalifalwi