Klsetrading
KNUSFORD potential break up +30%Time Frame: 4H
Sentiment: Bullish
Risk reward 1:3
Entry 0.925
Last close at resistant level,
Bar price action and the volume, showing buyers' power increase.
if it can break the resistant level 0.97, expecting the next level reaching 1.3
I'm expecting this time will be a real breakout, cup and handle pattern.
Write your thought in the comment session :)
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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Disclaimer
This information only serves as study references, does not constitute a buy or sell call.
INARI sign of bottom with upcoming short term rebound on the wayDespite earnings miss expectations, the price & volume shows that the price is supported with intention to rebound in short term from yesterday 5 mins chart.
However, the upcoming rebound may just be a short term rebound to soften the price fall. Any longer term upside needs to be monitor.
Techbond broke resistant and pullback, good time to enter??Techbond Group Berhad, has recently Breaking Through Resistance Levels and Experiencing Pullbacks.
What is different this time around is that the volume is building up, which suggests that investors are becoming more interested in the stock. This can be seen as a positive sign, as a high volume of trading activity can indicate a strong demand for the stock, which may drive prices higher.
In addition, the Moving Average Convergence Divergence (MACD) is going higher, showing that buyer's interests are much higher than before. The MACD is a popular technical analysis tool used to gauge momentum, and its upward trend indicates that there is strong buying pressure in the market for Techbond's stock. This suggests that investors are optimistic about the company's future prospects, which could lead to further price appreciation.
Risk & Reward ratio : 1~2
Target Price : 0.525(+15%) , 0.595(+31%)
Stop Loss : 0.38(-15%)
It is recommended to set a target price and stop loss when making any investment decision. Based on the information provided, a target price of +30% is suggested for Techbond, which represents a potential upside from current levels. However, it is important to note that no investment is without risk, and a stop loss of 15% is recommended to limit potential losses in the event that the stock does not perform as expected.
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Disclaimer
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HARTA Short term price peak show in 5 minutesTransaction today shows high volume at the day high with price maintained in the same range .
This shows the price is reaching the price peak with potential selling pressure coming in.
Based on our analysis, next trading day price will not sustained at the high side. Price might fall after morning price hike.
Build up volume and momentumPrice action breaking up a long term downtrend resistant line with building up volume .
Construction sector will have a short/mid term rebound.
Targeting +10% - +50% profit from current RM1.11
Risk Reward ratio: 1.5
TP1: RM1.25
TP2: RM1.45
TP3: RM1.65
Cut loss : -10% (RM1)
Like my works? Please hit the Like, Follow and Share or tip me a few coins :)
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Disclaimer
This information only serves as study references, does not constitute a buy or sell call.
CIMB : Sign of short term price peakAfter yesterday price & volume shows sign of rebound, today price traded higher allows some intraday profit.
However, the price up might resisting with low intention to markup further. This is because the price & volume intraday shows price is not moving higher despite high volume in. This might be the action to attract buyers with fear or missing out.
GENM | Bottom formingToday's price down with high volume are mainly created during the day bottom price. High volume with price stays the same is a sign of bottoming for our analysis.
However, do take note that this is just a sign of price bottoming. It is not a sign of rebound yet. To catch the rebound, we will need to monitor the upcoming trading days price & volume for any sign of big boys have intention to mark the price higher.
CIMB | Sign of rebound with volume in within the dayAfter a huge fall from last week, CIMB is showing sign of price bottom & price up with volume yesterday.
Although high volume in daily chart might scared some investors away. But the major volume created yesterday was done at the price bottom & maintaining the price at higher level.
INARI : Price set to for rebound22nd Nov intraday price & volume action shows big boys have the intention to mark the price higher with lesser volume created during price down.
Which signal selling pressure from the big boys is reduced compare to last week.
Our view : we are expecting a rebound in the next few days.
TOPGLOV : Sign of markup intention from intraday Price & VolumeWe posted a pause of price fall on 17th Nov & waiting for rebound signals shows from big boys transaction data.
on 22nd Nov, stock prices are obviously maintained higher price at the 2nd half of the trading session. Although high volumes are created earlier in the morning indicating selling pressure, but the stock price didn't go down further. This shows a good bottom is forming.
Based on our view, we expecting a rebound will be coming in the next few trading days.
TOPGLOV Showing Sign of Short Term Bottomon 17th Nov 5 mins charts shows high volume with price maintained the same price level when is near to the end of the day.
This shows the sign of the price is bottoming soon. But continue to monitor for any sign of big boys' intention to mark the price higher later.
Take note : this shows the sign of short term price pause, any long term or mid term rebound will require to monitor the price & volume have any sign of longer term rebound.
TOPGLOV Short term view : Beware of retraceA recent price hike in TOPGLOV gives confidence to many long term holder on a rebound.
However, for anyone who are looking for average up their position or try to catch the price up might want to hold on to it first. Because the price movement shows signs of big boys getting ready to cash out fraction of their shares. (Same price & volume action we mentioned in our previous post on HARTA.)
From the price movement on 14th Nov shows the big boys are attracting buyers with high volume while price have little upside or moving sideways. You can view the image below for the 5mins price movement on 14th & 15th November.
(15th November) Today's intraday price movement starting to show sign of big boys selling shares lower to investors who park at the buy queue.
This is a sign of a short term retracement is on the way. Based on our view, it is better to stay aside & watch how far the retracement will go.
We continue to monitor the timing of the big boys done selling & start a new round of price up later.
Retrace After Triangle BreakoutSYSCORP shows triangle breakout 2 with high volume on 1st NOV 2022.
This technical signal will attract many technical traders entering into this stocks.
However, from the 5 mins chart of 2nd Nov shows some selling with high volume, together with high volume price not marking higher.
This usually happens when the big boys are getting ready to dispose some shares to investors who park their buy orders at the lower buy price.
From our point of view, we see the stock price may have a retrace in the upcoming trading days.
Selling pressure is in HARTA
*refer to the image link*
Today HARTA is trading with high volume at the high price in the morning, while price is not marking higher.
This indicates the big boys have no intention to mark the price higher & a price retracement is on the way.
High volume price down happens around 11:40 & 12:15 shows the selling pressure is in.
We see a few glove makers are having the same price & volume movement. Today shows the first day of high volume sell down within the day. We expect price retrace in the next few days.
KLSE : Precise Rebound Analysis with 5 mins chartTo time a perfect rebound for trading, common technical analysis is not going to help much. Due to the signal is always late, causes our entry at the high price & price fall after that.
Common technical analysis often use average price & volume for indicator or price up with high volume , which the big boys often use this method to attract investors attention for them to take profit.
If we want to make rebound trade or find the bottom of the price, we need to know WHEN will the big boys markup the price & WHAT kind of price movement the big boys will transact before the markup.
We find price bottom very different from the traditional analysis, we don't use support line, indicators, nor candlestick pattern. We use a more effective analysis to find the price bottom, by looking at 5 mins chart.
Below explanation is 1 of our previous trade in ECOWLD, which we have taken the profit after that.
Kindly zoom in to 21st OCT & 25 OCT for visual explanation.
*we are not allow to insert image link because we haven't got enough of reputation point*
On 21st OCT we can see the 5 mins chart have volume created with price maintaining at the high price. This shows the big boys have intention to markup price the next day.
That's where we enter the trade on 25th morning ant take profit on 27th before the price down.
Stock price move according to the big boys expectation & every price moves have an intention to attract buyers attention with price mark up.
Big Boys will sell fraction of their shares for profit when there are enough retail investors place buy orders at the lower price. That's the reason for price retrace in an uptrend.
Big boys in KLSE often have this price movement before any short term rebound. By understanding the big boys operation style, we will know the next day price movement before the price fall or up.
KLSE Advance Analysis : Price BottomDisclaimer : Opinions below are based on our own analysis & for educational purposes only. It does not constitute an offer to buy or sell securities mentioned herein. Viewers/readers should do their own research & studies before investing. Round & Surge or its associates are not responsible for any trading or investment losses incurred.
We often analyse daily charts for stocks in KLSE. This is because the stock prices in the 5 mins chart are not as "beautiful" or well formed as the daily candlestick. But not for us, we find the most important information of the big boys next move are shown in the 5 mins chart & their transaction data.
Although there aren't well-formed candlesticks in the 5 mins chart, analysing the price & volume flow will help us to understand more about the current intention of the big boys, whether there will be a price pause or continuation of price in the short term.
Example in this stock we can see the price down in the daily chart on 21 October 2022, which many retail investors who bought at the higher price for their own reason would have been panicking. They could be Google-ing for the answer of the price fall (Often we don't find any reason for its price action.) and wondering whether the price will fall further?
Traditional way to look for a price bottom is either by the guts feeling of "is too low to go lower" or using the technical support. Finding where the next support & watch whether it will rebound.
To find the bottom of the price, we will need to look into the 5 mins chart to analyse where the major volumes are created within the day.
*kindly open the 5 mins chart of 21 OCT 2022. Not able to post 5 mins chart in idea*
We can see the volumes are mainly created at the day low from the 5 mins chart, which shows multiple high volumes but price is not moving lower. If the selling pressure is high, the price should go down lower instead of staying at the same price. From our point of view, this price & volume action is a sign of a pause in price fall or the price fall is softened.
But this is only a PAUSE, it is not showing signs the price will have a markup or rebound. We will need to wait for the big boys to show us that they have intention to mark the price higher to attract buyers in for profit taking at higher price. The price movement now is just indicating there aren't any buyers in the market for the big boys to sell their shares.
*Note : a pause in price is not a signal of rebound, the price might stay sideways within a price range & continue to fall. For short term traders, always wait for the big boys to show us that they have intention to mark higher. It is always about the best timing, not the best entry price.
When will the price markup? We will have to continue monitoring the price movement after this for price & volume actions that show the big boys are ready to mark higher. How far will they mark the price up will depend on how soon the big boys distribute their remaining shareholding.
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