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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.
MYX:SAMAIDENLong
by pengamalgelombang
SENDAI - BUY ON DIP ?SENDAI - CURRENT PRICE : RM0.570 SENDAI is uptrend for long term view as the share price is trading above 200-day EMA. In short and medium term the trend is sideways. However, I expect the stock may trend higher in the upcoming sessions as there are several bullish scenario appears on the chart. i) The share price manage to breakout 50-day EMA ii) Price bounce from support level of ICHIMOKU CLOUD indicates that buying interest is sufficiently strong to overcome selling pressure iii) CHIKOU SPAN also manage to bounce from CLOUD support level iv) RSI (above 50) heading upwards and stochastic oscillator is in oversold zone v) High trading volume than previous sessions. Technically it is a BUY ON DIP for this stock. ENTRY PRICE : RM0.560 - RM0.575 TARGET PRICE : RM0.625 and RM0.690 STOP LOSS : RM0.530 TAYOR !
MYX:SENDAILong
by IMRAN_96
MYEG - Analysis of potential market movement.N wave with E, V, N & NT projection. The price has broken above the Kumo, signaling a shift to bullish momentum. The Tenkan-sen and Kijun-sen lines are in a bullish crossover, supporting upward momentum. The Chikou Span is above the price, confirming the bullish sentiment. NT (0.905): This is the immediate support level, with the price sustaining above it after testing it during the correction phase. The Kumo thickness indicates support around the NT level (0.905), serving as a strong area for potential bounce back. Increasing volume during the breakout above the Kumo indicates strong buyer interest. Consider entering a long position near the current price of 0.945, preferably on a confirmed breakout above the N level (0.970) with a strong volume. Confirmation: Look for bullish price action (like a breakout candle) to confirm the entry, ideally watching for a close above the resistance level of 0.970. Set a stop-loss around 0.895, just below the NT level, to protect against downside risks and to account for normal volatility. Monitor overall market sentiment and any news related to MYEG or the Malaysian tech sector that could impact trading behavior. Volume analysis is crucial; increases in volume while approaching breakout levels will validate bullish sentiment. Keep track of potential volatility as the price approaches projected resistance levels, adjusting stop-loss orders to lock in profits upon favorable movement. Note: 1. Analysis for education purposes only. 2. Trade at your own risk.
MYX:MYEGLong
by mg6112
KAREX - Bullish sentimentThe price is trading above the Kumo, indicating a bullish sentiment. The Tenkan-sen and Kijun-sen have a bullish crossover, supporting upward momentum. The Chikou Span is above the price, reinforcing bullish confirmation. NT (0.900): This level is immediate support and has been tested as a pullback area. The price has bounced above it, validating its strength. Increasing volume near the breakout suggests strong buyer interest. Consider entering near the current price (0.930) if bullish momentum sustains. Place a stop-loss below the NT level at 0.890 to minimize risk. If the price closes below NT (0.900) with high volume, the bullish scenario could be invalidated. Note: 1. Analysis for education purposes only. 2. Trade at your own risk.
MYX:KAREXLong
by mg6112
Sealink International Bhd Bullish Trend Still Intact1. Key Levels & Context: Range: Price is rebounded from Higher Low for External Structure and MA200 at 0.265 and it is noticeable that the during the pullback, the volume is drying out. 2. Resistance Zone: Strong resistance at 0.340 - 0.360 and 0.365 - 0.380, influenced by: a) Previous Lower Highs acting as dynamic resistances. b) Bearish weekly candle. c) Overlapping supply zone. 3. Short-Term Bias: a) In H2 (Lower Timeframe): - Change of Character (ChoCh) at 0.305 indicates a reversal in the Internal Structure for bullish trend to continue supported with the Gap and New Volume. b) Validation & Invalidation: - Bullish Validation: A daily close above 0.340 confirms upward momentum, targeting the next levels around 0.380 and 0.420 as the for the new 52 weeks High. - Bearish Invalidation: Break below psychological level 0.300 signals the bullish momentum is weakening, suggesting ongoing correction. 0.265 is the last defense for bulls. Breaching this level negates the bullish setup entirely. 4. Summary for Actionable Trade Setup: a) Bullish Entry: - EP : 0.275 - 0.290. - TP : 0.340, 0.360, 0.380, 0.425, 0.500 b) Bearish Bias: If price breaks 0.290, anticipate a deeper pullback. A break below 0.265 confirms a reversal for bearish trend.
MYX:SEALINKLong
by fuad_khairi
CLOUDPT - Monitoring the market direction.N wave with E, N, V & NT projection. The price is currently above the Kumo, indicating a bullish market sentiment. Tenkan-sen is above the Kijun-sen, reinforcing the bullish outlook. The Kumo itself is green, suggesting continuation of the upward momentum. Watch for price action near the upper edge of the cloud for potential breakout signals. Consider entering a long position near 0.915 (current price) or on a confirmed breakout above 0.930, which aligns with the projected resistance levels. Confirmation: Look for strong bullish candlestick patterns or a break above the Kumo with increased volume to validate the long entry. Set a stop-loss at 0.860, below recent swing lows, to manage risk in case the price moves against the position. Monitor wider market trends and any news that could affect the technology sector in Malaysia. Keep a close watch on volume; a surge in volume accompanying price increases would strengthen the bullish sentiment. Stay alert for any changes in the Kumo structure, as a shift to a thicker Kumo might indicate future volatility. Note: 1. Analysis for education purposes only. 2. Trade at your own risk.
MYX:CLOUDPTLong
by mg6112
MCLEAN - Looking for a strong bullish momentumN wave with E, N & NT projection. The price indicates bullish momentum as it has recently pushed upward. The Tenkan-sen is above the Kijun-sen, indicating a bullish trend. The price has broken through the cloud, confirming further upward movement. Consider entering a long position around 0.310, especially if the price shows a breakout above the NT projection (0.325) with strong volume. Confirmation: Look for a bullish candlestick close above 0.325 to validate this entry. Set a stop-loss at 0.295, just below the previous swing low, to manage risk effectively. Monitor market news and trends that could impact McLean Technologies, particularly in the tech or manufacturing sectors. Watch for confirmation from volume indicators; increasing volume on upward price movements will help validate bullish sentiment. Keep an eye on the Kumo for any potential shifts in market structure, particularly if the price breaks above it decisively, which would indicate a strong bullish outlook. Note: 1. Analysis for education purposes only. 2. Trade at your own risk.
MYX:MCLEANLong
by mg6112
Simple13 Trading IdeaCurrent Price: RM 1.23 The stock rebounded from a double bottom around RM 1.15, confirming a bullish reversal after breaking above the neckline at RM 1.20. However, the price encountered resistance near RM 1.30 and is now in a pullback phase. Technical Analysis Fibonacci Retracement Support: The price has pulled back to the 50% Fibonacci retracement level, a key support zone where buying interest typically re-emerges. Double Bottom Confirmation: The break above the neckline at RM 1.20 validated the double bottom pattern. As long as the price stays above this level, the uptrend remains intact. Resistance and Target: The next major resistance is RM 1.30, followed by the target price of RM 1.50, aligning with the pattern’s projected move. Trading Plan Entry Area: RM 1.20 (near Fibonacci and neckline support) Target Price: RM 1.50 (based on price projection from the double bottom breakout) Cut Loss Level: RM 1.14 (if the stock closes below this level, invalidating the double bottom pattern) Risk-to-Reward Ratio: 5:1 Summary This setup leverages the double bottom breakout and Fibonacci support for a potential upside target of RM 1.50, while maintaining a tight stop-loss at RM 1.14 for risk management. Disclaimer: This is not financial advice. Conduct your own research before making investment decisions. MYX:CTOS
MYX:CTOS
by Simple13_Trading
99SMART: A Potential Rebound Next Week?It experienced a significant decline of nearly 6% from its recent high of 2630. If it further drops below the 2470 could dampen the stock's outlook. For those who acquired the stock below the current price, there's still an opportunity for profit. While uncertainty looms over the weekend, it's important to remember to enjoy the investment journey. By maintaining a positive outlook and making informed decisions, investors can navigate market fluctuations and maximize their returns. We only profit when successfully sell. Otherwise it's merely a paper gain. Disclaimer: Please be informed that all stock picks are solely for educational and discussion purposes; they are neither trading advice nor an invitation to trade. For trading advice, please consult your remisier or dealer representative.
MYX:99SMART
by DSELE99
Simple13 Trading IdeaCurrent Price: RM 1.15 The stock successfully broke a 126-day consolidation and is now trading with strong upward momentum, pushing the RSI into the overbought range on the daily chart. Since the price is extended, waiting for a pullback could offer a better entry. Potential Pullback Supports Fibonacci Retracement Support (Daily Basis): I adjust the Fibonacci retracement levels daily based on recent price action. Typically, I focus on the 50% retracement level, a key area where buyers might step in. This keeps the support level dynamic and in line with market movements. 20 EMA Support (Daily Chart): The 20 EMA acts as a dynamic support level in a strong uptrend. If the stock retraces to this level, it could offer a buying opportunity, as prices often bounce off the 20 EMA in a sustained uptrend. Trading Plan Entry Area: RM 1.10 (near Fibonacci and 20 EMA support) Target Price: RM 1.30 (based on projected resistance and price targets) Cut Loss Level: RM 1.05 (if the stock closes below this level, indicating trend weakness) Risk-to-Reward Ratio: 4:1 Summary This setup aims to capitalize on the uptrend while managing risk with a clear entry, target, and stop-loss level. Adjusting the Fibonacci retracement and 20 EMA support on a daily basis will help refine entry timing. Disclaimer: This is not financial advice. Conduct your own research before making investment decisions. MYX:ADB
MYX:ADB
by Simple13_Trading
DUFU Double Bottom, BullishTime Frame: 4H Sentiment: Overbought Forecast: Bullish We can see a strong support and buying momentum around 1.6-1.8, selling power is weak. Bar price action and the volume, showing buyers' power increase. Broke the resistant level 1.86. Heading to 2.13 & the next resistant around 2.2 - 2.4. 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. Like my works? Please hit the Like, Follow and Share or tip me a coin :) Thanks! Disclaimer This information only serves as study references, does not constitute a buy or sell call.
MYX:DUFULong
by DannyKc
IFCAMSC - Analysis for potential price movement N wave with E, V, N & NT projection. The price is above the Kumo, indicating a bullish trend. The Tenkan-sen is above the Kijun-sen, signaling bullish momentum. Chikou Span is above the price candles and the Kumo, supporting the bullish bias. The price has closed above a critical resistance zone (gap closure region), confirming bullish progress. The price is at 0.685, moving into the gap closure area, which could serve as a magnet for price action. Breakout above 0.720 (NT level) is critical for further bullish momentum. Immediate resistance levels: 0.720 (NT), 0.745 (V), 0.775 (N), and 0.840 (E). Immediate support levels: 0.660 (gap support) and 0.640 (upper Kumo edge). Enter a long position if the price breaks above 0.720 (NT level) with strong volume. Alternatively, wait for a pullback near 0.660–0.670 (gap support zone) for a better risk-reward setup. Place a stop-loss below 0.640 (upper Kumo edge) to manage downside risk. Volume Confirmation: Ensure the breakout above 0.720 (NT) is supported by significant volume. Risk Management: Adjust position size according to the stop-loss distance and ensure the reward-to-risk ratio is favorable. 52-Week High: Monitor price action if it approaches the 52-week high, as this could act as psychological resistance. Note: 1. Analysis for education purposes only. 2. Trade at your own risk.
MYX:IFCAMSCLong
by mg6112