SAMAIDEN poised for next uptrend wavecorrrection at 0.382
risk reward ratio is good
Here are the key elements I observe:
1. Price Movement:
- The chart shows candlestick patterns with both red and green candles
- Current price appears to be around 1.03 MYR (Malaysian Ringgit)
- There are multiple price levels marked with Fibonacci retracement levels (shown as horizontal lines)
2. Technical Indicators:
- Moving averages shown as curved lines in different colors
- Volume bars at the bottom of the chart (green and red bars)
- Various numbered points (1-5) marking significant price levels or movements
- Wave patterns labeled with roman numerals (iii, iv, v)
3. Trading Information:
- Buy level marked at 1.16
- Sell level marked at 1.15
- Target price shown as 0.09 (7.76%)
- Stop loss level appears to be set at 0.04 (3.45%)
- Risk/Reward ratio indicated as 2.25
4. Time Frame:
- The chart appears to be showing recent price action with data points marked for September 2024
- Volume analysis indicates varying levels of trading activity throughout the period
5. Market Status:
- The stock appears to be in a corrective phase after reaching a peak marked by point 5
- Multiple support and resistance levels are clearly marked on the chart
The overall chart seems to be a detailed technical analysis setup used for trading decisions with multiple indicators and price levels to guide entry and exit points.
