Klci
FCPO TRADING : 272) uptrend persists
this is haidojo and the number is 272 ...
after hanging in tight range for a few days, fcpo-may has stricken again!
the market has gripped the uptrend flight again and now we can see the bull is dancing towards an uptrend staircase...
what is interesting though is now we have past the previous high which was formed in early Jan this year, ranging frm 3830-3880...
again, we have entered into the territory which was only appeared some 10 years ago...! Yes, the price which only showed up in 2011...
now, this time it is unsure whether fcpo will shoot all the way up to challenge those level again...or subdue to the selling pressure...
we anticipate the price to retest the level of 3890 - 3967...(You can look back in Jan 7th 2021 episode in the link below)
however, something to take note is...fcpo-may is going to end soon...it will expire in a few more days...until next Tuesday, on 16th March 2021, then the new fcpo-June will emerge...whether fcpo-june will continue this bullish sentiment or sudden reverse to the bearish call is still too early to say...let's see what is expecting us next week...
*plan your trade and trade your plan... gud luck*
higher resistance : 4334 - 4486 (high in 2008)
current resistance : 3890 - 3967 (high in 2011)
support : 3830-3880 (resistant-turn-support)
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
SCICOM CUP&HANDLE: PENDING SLOW TURTLE BUY ON BREAKOUT MYX:SCICOM
Trend: Uptrend EMA 20 Cross Up EMA 50
Chart Pattern: Cup and Handle
FiFT +VE
MCDX+ Banker 70%
Atom above the river potential rally
Fundamental Analysis
Scicom BPO provides digital enhanced support solutions that businesses need to meet and exceed expectation. The Co Business Process Outsourcing (BPO)’s suite of services including integrated solutions in Customer Lifecycle Management, Digital/ E-Commerce Solutions and EGovernment (Gov-Tech) Solutions.
FA Valuation
Revenue : Previous few quarter got slightly increase ✅
EV/EBITDA 6.65 ✅
ROA 18% ✅
ROE 21 % ✅
DIVIDEND YIELD 4.3% ✅
Trend Rider 301. Pestech weekly in Wave 4 with a reversal expected at 0.618 (slightly lower as previous Wave 2 at slightly lower 0.382). Downtrend line broken with a strong bullish candle. EMA 10>EMA30 and slightly above EMA 200.
2. H4 price action above EMA 200, doji formed followed with a bullish candle as a signal of reversal.
3. From isaham profit and revenue increased, PE 16.8, WAVF RM1.33.
FCPO TRADING : 270) analysis hourly chartafter breaking down the big picture or the so-called the "bird's-eye view" frm daily chart, now we go to the lower timeframe at hourly chart...
if the support level frm 3600-3645 can hold, then there is still a possibility that the market will rebound back...so till then, officially fcpo is in uptrend...yeah, I know, I know...we have a huge drop today...it didn't stop at all...it is pretty scary, etc... but as long as the critical levels are not broken, then we are still in the bull territory...
however, if the previous low at 3600 is broken, then...the trend has changed...it has to be lower-low, lower close...not juz the "whiskers"...
lower support after the breach of 3600 then we shall seek some support around 3540, then 3463-3500...
*plan your trade and trade your plan... gud luck*
higher resistance : 3830-3880---previous high
resistance : 3720 support-turn-resistance (market is toying with us)
critical support : 3600 the closest higher-low
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
FCPO TRADING : 269) analysis daily chartfrm daily chart, we can look at the range for fcpo which is formed within a huge range frm 3200-3880...a 680-pts range...
as for what has happened today, if a lower-high is formed (today a gap-up-went-down hits as high as 3820 before going down all the way to close at 3670) at 3820, then the previous 3880 became a history, and then we look closely at 3200, the lowest-low this year-2021... (lowest hit 3166 actually) and see if it is breached and forms further low...
of course, all these numbers are too huge and requires a scrutiny to hourly chart to breaks it down...
*plan your trade and trade your plan... gud luck*
higher resistance : 3830-3880---previous high
resistance : 3720 support-turn-resistance (market is toying with us)
critical support : 3600
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
FCPO TRADING : 268) 2 updates
long story short---2 updates...
1) bearish cypher pattern becomes invalid as the X leg is violated...
2) the resistance level of 3720 has been breached...so long on retracement now...bull is back
*plan your trade and trade your plan... gud luck*
resistance : 3830-3880---previous high
support : 3720 resistance-turn-support
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
Trend Rider 291. Weekly in uptrend EMA 10 > EMA 30 > EMA 200. Already start to make Wave 5.
2. In 4H smaller Wave 3 is expected after reversal at 0.5 Fibonacci level (SL to put lower than 0.382 to be safe). Bullish candle broke the small candles.
3. Isaham score 11.2 PE 9.2 WAFV RM2.39, i3 ATP RM1.98.
TOPGLOV - Invert Scale for HODLers/TANKers Rubber glove stocks seem to be heading downhill currently, falling to the lowest points since the reverse of the strong upward trend in October.
Despite the slump in these glove stocks, I believe Top Glove offer some of the highest sustainable dividend yields in the world - the glove sector was an attractive sector for many years prior to the pandemic, and it will likely be even more attractive in the post-pandemic era.
I understand you think it is more to bear than bull at the moment. Trader you may cut loss.
For hodlers/tankers, we think it is very very undervalued and oversold. Investor stay strong and keep tanking. :)
At the end of the day, you THINK what you THINK.
Here's the chart for HODLers/TANKers, the rising wedge, PEACE!
Trend Rider 281. In weekly chart about to start an uptrend with EMA 10 > EMA 30 and just broke EMA 200 and the downtrendline.
2. In daily, seems like its about to make Wave 5, where strong reversal candle (bullish engulfing) formed at 0.382 (Wave 2 at 0.618). Price action above EMA 200.
3. Isaham rating 5.7 PE15.4 WAFV RM1.56 (profit indicator declining revenue increasing), i3 ATP RM1.38.
4. From TRD20 screener.
Trend Rider 271. Weekly starting to make an uptrend. EMA 10 > EMA 30 but below EMA 200. Also starting to make Wave 3.
2. H4, price broke the downtrend line and retrace to 0.5 Fibonacci level also RBS. Doji formed and followed by a strong bullish candle potentially to form Wave 3.
3. Isaham rating 11.4 PE 21.9 WAFV RM0.99, i3 ATP RM1.01.
Trend Rider 261. Weekly in uptrend, EMA10 > EMA30 > EMA200. In Wave 4 with a reversal expected to be at 0.618 level also a SBR.
2. In daily hammer was formed and followed with bullish candle. Have not move yet but crawls lower thus may be a good time to start collecting. Price action above EMA 200.
3. Isaham rating 9.9 WAFV RM2.84 PE 10.1, i3 ATP 1.44.
Trend Rider 251. Weekly in uptrend, EMA10 > EMA30 > EMA200. In wave 4 and starting to make Wave 5 with reversal at 0.618 fibo level.
2. H4 is making short Wave 2 with a reversal at 0.618 level which is also strong support previously. Price action above EMA 200.
3. Isaham score 10.7 WAFV RM2.07, i3 ATP RM2.01.
Trend Rider 241. Weekly uptrend EMA10> EMA30> EMA200. Expected the correction wave has been completed with a new uptrend coming after 50% correction.
2. H4, price broke the downtrendline, retraced at 0.618 Fibo level with a reversal signal (hammer then bullish candle).
3. Isaham rating 12.5 WAFV RM1.03, I3 ATP RM0.46