Supermx. “Why” its stock price having “high probability “ @ multi years “bottom”?! The “answer” lie within this “bunches of” ema crossover! BUT it’s not “a simple” so called ema’s crossover / ema’s act as support/resistance “ strategies. You got to “see/check” stock’s price “whole pic” from yearly to 1 min chart..It might take you > 10 years / 10k hours to find...
*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...
Supermax previous major demand / base / stop was created on 1 April 20 monthly bar as shown on chart.
Supermx. Today I gonna “bullsxxxing” a “myth” about ying ( seller force ) , Yang ( buyer force ) AND neutral force ( median line of parallel channel) again “represented” with parallel channel. P/s Since tradingview “free user” don’t have enough data feed. I have to “superimposed image” by using 3rd party apps to have more “history data” for “whole view” of its...
Disclaimer : All past, present, future charts are all for illustration, research, studies purpose ONLY.. Supermx May start building its base soon before deep pullback from “downtrend “ as price now @ 1) major demand Zone 2) Major up trend line ( Cyan dashed line )..
Supermax Retracement breakdown from the double top neckline
SUPERMAX may complete trip zig-zag (w)(x)(y)(x)(z) soon as price at :- 1) Lower Trend Line Support of Parallel Line (Red) 2)Price At Major Demand Zone ( Cyan Rectangle Box) ...
Personally, what I learnt is there must be a Technical Analysis Strategic Plan in order to increase the risk-to-ratios favourable risks. 1. Draw Support & Resistance 2. Identify the stages (Accumulation, Advancing, Distribution, Declining) 3. Entry Triggers 4. Stop Loss 5. Exits I have learnt during my past mistakes that we should let the stock price comes to...
Entry Strategy: 1) Entry inside the purple line range - Highly potential reversal trend zone. 2) CL1 and CL2 below the purple line. Chart: 1) 2020 - Glittering news for glove stock due to unprecedented demand. During this time people risk in on forecast profit growth anticipated. 2) As per expected, whatever boom up need to boom down also - nature of life...
Personally, what I learnt is there must be a Technical Analysis Strategic Plan in order to increase the risk-to-ratios favourable risks. 1. Draw Support & Resistance 2. Identify the stages (Accumulation, Advancing, Distribution, Declining) 3. Entry Triggers 4. Stop Loss 5. Exits I have learnt during my past mistakes that we should let the stock price comes to...
Can we start to hope for further upside in Supermax? I would answer yes if Supermax can find strong support at RM 6.70 and start to break and close above RM 7.50. I think the right question to ask right now is has Supermax bottomed? From chart perspective wise, I believe Supermax has not bottomed yet and we could likely see further downside pressure if it breaks...
Bearish sentiment still subsists. The price testing the support.
Hello Traders Here is a quick analysis on Supermax. Currently price is in correction for Wave 3 Higher Degree. Price will retrace back to the buying zone and making the final wave which is Subwave 5 in Wave 3 I expecting some big movement on 30th November 2020 base on Fibonacci Time Zone. The even will occur 2-3 days before or maybe after 30th November 2020 ...
Trade carefully, risk is highly profitable! This time is a historical movement. Be advised and trade with care.
Supermax may rebound and form a Double Top. The short stint drop down on 14 July was not supposed to be a surprised for Suoermax since it almost hit its highest targeted TP ie:around RM18 . List of Supermax official Target TP can be seen here klse.i3investor.com Though one may pointed out it actually a regional fund manager doing profit taking as it also...
Due to last Friday DJIA -700 drop , we expect some sell down next week but we really hope for Hammer candlestick to form either on Monday or Tuesday for a positive technical rebound to happen at this critical support level.