Klsestocks
TNLOGIS positive momentum building upHigh volume is building up,
buying momentum positive.
Possible challenging previous high, RM1.10
1st TP : RM0.95
2nd TP : RM1.10
CL : RM0.845
Risk & Reward : 4
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Possible technical outbreakLooking at last friday closing with high volume on last trading hours,
buying momentum is building up.
Possible challenging RM1.
TP : RM1
CL : RM0.87
Risk & Reward : 3
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Possible technical breakoutPrice action breaking up a long term downtrend resistant line with building up volume .
Some FA info, this company is doing apparel, textiles, fabrics.
And recently they are doing fabric reusable face mask, PROXMASK, www.prolexus.com.my
Targeting +10% - +20% profit from current RM1.12
Risk Reward ratio: 1.8++
Cut loss : -6% (RM1.05)
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Positive Momentum building upPrice action breaking up high with increasing volume.
Targeting +10% profit from current 0.675
Risk Reward ratio: 2++
Cut loss : -5% (RM0.64)
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Cuscapi daily chart-Since the buy signal sparked in feb 2021, after the long time consolidation period, the stock has formed a top saucer pattern from march through june 2021.
-Stock made a peak in mid march and may before falling and made a rebound respecting the 1/3 speedline that served as a support.
-the recent trading day with the appearance of Marubozu has generated a buy signal from double crossover of EMA 5 and EMA20.
-The overhead congestion of the Chikou line imposing the biggest resistance for the time being. This confluence with the Senkou span A that is overhead the marubozu candlestick.Besides, the 2/3 speedline will also offer as resistance.
-Breaking above kumo cloud and the 2/3 speedline will put the resistance of the previous peak in perspective at range 0.345
-Overall i will take the stock as cautiously moderate bullish.Cautious are because of the top saucer pattern and because of the overhead congestion.Moderate bullish are because of the appearance of Marubozu accompanied by the expansion of volume and the current traded price falls in between the 1/3 and 2/3 speedlinesas as well as the buy signal given by the EMAs validated by the RSI reading that is more >50
-Support level is the 1/3 speedline.
*few other data are purposely not included as this is just purely a case study analysis,not a buy nor sell call.
Possible technical outbreakBoth green lines form a triangle squeeze
Monitor closely, if a strong green bar appear and crossing up, is a strong buy signal.
Suggest entry price 0.595
My first TP will be 0.72
Cut loss if anything go lower than 0.52
Risk reward ratio = 1.7
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Rebound aim 10%SDRED sharp fall from previous high and rebounded on the moving average(purple line).
I'm aiming for a further 10% rebound from here, 0.76.
Cut loss if it drop below 0.735.
Please be aware, this is a high risk move.
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Greenyb daily chart-Overview of the Greenyb daily chart is bullish given that the stock has been travelling in an uptrend channel making a higher low structure since April 2020.
-Chikou line is well above the other lines and as well as above the Kumo clouds suggesting there is no overhead resistance ahead.
-Current traded price is well above the Kumo cloud which marks a bullish trend. This is validated and backed by the overlapping Tenkan-sen and Kijun-sen lines which marks a buy signal. Overlapping of both lines shows a strong momentum is underway. Also note the angle of the Tenkan-sen and Kijun-sen lines are more than 45 degree supporting the strong momentum that is underway.
-The Senkou spans ahead are converging into one line when the current strong bullish candle appeared on the last trading day.The converging of Senkou lines also suggested of the current strong momentum.
-All in all, the spike of volume that follows the trend shows this could be a genuine move.
-Breaking above the current channel line, will forecast the stock to travel in the next higher channel lines targeting the aloft channel line at 0.35 equivalent to fibo extension 1.618 golden ratio.
3rd attempt to break thru resistantDKSH is trying the 3rd attempt to break the previous high at 3.8
once it successfully break 3.8, we can aim higher for 4.26 and 5.5.
Cut loss if anything go lower than 3.17
Risk reward ratio = 3
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Possible Technical Outbreak 0.43Broke the long-term downtrend line (Yellow dotted line)
Lower low and higher high slowly in form (Uptrend tunnel)
Monitor closely, if a strong green bar appear and crossing up 0.435 with high volume.
My first TP will be 0.5
Cut loss if anything go lower than 0.325
Risk reward ratio = 2.5
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strong buying interest on PasdecPasdec have a strong buying volume on closing today, and it is near the previous high.
0.405 is 1 of the resistant line, if it continues to go higher,
next target will be 0.45 ; 0.51 ; 0.57
1st support 0.37 ; 2nd support 0.32
cross any lower should cut loss!
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Follow up with Pestech, TP remain!Earlier we have a 2nd entry signal at 1.2.
Price doesn't go up as I expected earlier, however, it doesn't break through the cut loss line we set.
Hence, I remain on the TP earlier, around 1.4+
Yellow dotted line referring to support & resistance.
TP = RM1. 40 / +20% or more
CL = RM1.03
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Strong buy in, TP 3.3Very strong buying momentum.
Price firmly broke out previous resistant 2.66 with much higher volume and strength.
I'm expecting first TP @ 2.94, then 3.33.
Considering cutloss at 2.4.
Risk & Reward ratio = 2
TP = 20%
CL = -10%
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CIMB possible cup and handle patternCIMB supporting at this MA area, and it has possibly forming an uptrend cup and handle pattern.
Looking at the financial sector / fbmklci, there's a possible rebound.
If this zone confirm the support, possible TP will be at 4.95, 5.26, 5.6
The supporting price is at 3.8.
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2nd swing trade entryUzma testing on the new support/ higher low.
The support fall on the long-term downtrend resistance(blue line), now become the uptrend support.
Will be testing the previous high again @ 0.895
TP : 20% / 0.895 ++
SL : -10% / 0.665
Risk reward ratio = 2++
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2nd entry and possible ATHEarlier we have an entry signal for this, reach the TP and successfully close it, now it fall on the support line where selling pressure is low.
Price action and volume , showing buyers' power increase.
Risk reward ratio = 1.38
TP = RM1.40 / +20% or more
CL = RM1.03
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CMMT broke long-term downtrend lineCMMT broken the long-term downtrend line, volume starts to build up and price are chasing up.
The lowest low at 0.595 has been tested few rounds, it can't go any lower now and the selling pressure are changing to buying momentum.
My first TP will be 0.835
second TP will be 0.9
Risk reward ratio = 2.2++
Cut loss if anything go lower than 0.69
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Immediate support for all glovesGreen line = downtrend X line, supporting line
price fall exactly around the X line and Fibonacci line, showing that here is one strong supporting zone.
Buy for a rebound play, expecting rebound to RM5.2 ~ RM5.6.
Consider a minimal risk to enter at this price.
Cutloss = -10%
SMCAP rebound from supportExpecting a rebound from bottom of the uptrend tunnel.
Selling pressure getting low, and buying momentum increase.
Risk reward ratio = 2.7
TP = 20%+
CL = -8%
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TNLOGIS swing reboundTNLOGIS trying it 3rd attempt to break up the resistant level
MACD momentum is stronger than previous high and the current price level is at the bottom of the uptrend tunnel.
We can do a swing trade here.
Volume is still missing out
Can monitor at this one, if volume coming in,
I will expect TP around RM1.11(+20%)
CL : -7%
Risk reward ratio : 3.8
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