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PWF - Analysis on potential price movementN wave with E, V, N & NT projection. The price has broken above the Kumo, which indicates a bullish sentiment, as the candle closed above both the Tenkan-Sen and Kijun-Sen. The Kumo is acting as support now, with bullish momentum. The Chikou-Span is above the price action, further confirming bullish momentum. A potential entry around the current price of 0.955, especially given that the price has broken above the NT resistance of 0.94. Consider placing a stop-loss slightly below the Kumo or the recent low around 0.90 to manage risk. Watch for pullbacks, especially near 0.94 MYR (NT level), which could turn into support after being broken. The Kumo cloud should act as dynamic support, and as long as the price stays above it, the bullish outlook remains intact. Note: 1. Analysis for education purposes only. 2. Trade at your own risk.
MYX:PWFLong
by mg6112
Simple13 Trading IdeaTechnical Setup: The stock took 67 days to break out of the consolidation zone between RM 0.96 and RM 1.16 with high volume, indicating potential bullish momentum. After the breakout, there is a high probability of a pullback, which creates an opportunity to enter at lower levels within the buy zone. Entry Strategy: Plan to accumulate shares during the pullback between RM 1.10 and RM 1.15, a zone that offers a favorable entry based on support and risk management levels. Profit Taking: If the price rises to RM 1.30, take profit as this represents an 8.3% upside from the current price, and it is a likely resistance level. Profit-taking strategies should always consider individual preferences and risk tolerance. Risk Management: If the price drops below RM 1.05 and breaches the 20 EMA, cut losses to minimize downside risk, as this could indicate a deeper pullback than anticipated. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research or consult a professional before making any trading decisions, as market conditions can change rapidly. MYX:HUPSENG
MYX:HUPSENG
by Simple13_Trading
Simple13 Trading IdeaTechnical Setup: The stock is trading near its 52-week low, which suggests it might be oversold. The RSI is also in the oversold area, increasing the likelihood of a potential rebound. Financial ratios show PE at 21 and ROE at 22%, indicating that the stock’s fundamentals remain strong, and it may be undervalued at current levels. Entry Strategy: The buy zone between RM 1.10 and RM 1.16 represents a favorable entry point based on current support levels and the stock’s oversold condition. Profit Taking: If the price rises to RM 1.35, take profit as this represents an approximately 16.4% upside from RM 1.16, a reasonable resistance level in the current market condition. Profit-taking decisions should also consider individual trading goals and risk tolerance. Risk Management: If the price drops below RM 1.00, consider cutting losses, as the pullback could extend further than expected and breach important support levels. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research or consult a professional before making any trading decisions, as market conditions can change rapidly. MYX:CTOS
MYX:CTOS
by Simple13_Trading
PERTAMA : why retailers want collect it?When everyone starts selling off a stock (a major dump by all), it might seem like a good opportunity to buy. However, it's crucial to first avoid stocks that are hitting their limit down. These stocks are often experiencing rapid drops in price, and investing in them could be very risky. So, before jumping in to collect shares, take a step back and make sure you're not rushing into a stock that's in free fall. Patience and caution are key. Buy and sell so you can sleep better at night. If you lose sleep after a trade, evaluate why you bought or sold. Disclaimer: The mentioned stocks are based solely on personal opinions for educational and discussion purposes only. There are no buy or sell recommendations. Trading involves financial risk, and you are responsible for your own decisions. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the information contained herein.
MYX:PERTAMAShort
by DSELE99
ASTINO - Looking for strong bullish momentumN wave with E, V, N & NT projection. NT Projection (0.625): This level currently acts as immediate support. The price has tested this level and successfully closed above it at 0.630, indicating a potential continuation of upward momentum. This level is crucial for a bullish continuation; if it holds, there’s room for further upside. The price is testing the Kumo from the lower boundary. Successfully breaking through the Kumo would support a stronger bullish case. The Chikou-Span is above the price, providing additional bullish confirmation. The recent upward move is accompanied by increasing volume, which suggests there is buying interest supporting the price action. Entry: Enter above the NT level at 0.630. Stop-Loss: Set the stop-loss below the NT level, around 0.615, in case the support fails. If the price fails to hold above 0.625 (NT level), this will indicate weakness, and a re-test of lower support levels might follow. Note: 1. Analysis for education purposes only. 2. Trade at your own risk.
MYX:ASTINOLong
by mg6112
HEXIND - Need continuous bullish momentum P wave, entry on P wave B/O Price to stay above Kumo, indicating a potential bullish momentum. Kijun-Sen is flat, and the Tenkan-Sen is sloping upward, which shows that the momentum might be shifting, but the breakout is crucial for a confirmed signal. The Chikou-Span is just crossing the price, which might support a bullish breakout. The price is forming a contracting triangle with point D at the resistance line (0.445), and the next crucial area is at point E (0.430). The breakout above the triangle pattern’s upper trendline would suggest a bullish continuation. Enter on the breakout at 0.445. Wait for confirmation with a daily close above this level to avoid false breakouts. With an entry near 0.445, stop-loss at 0.385, and TP1 at 0.490, the risk-to-reward ratio is approximately 0.6:1 (for TP1). For TP2 and Max TP, the risk-reward improves significantly. This setup offers a strong risk-to-reward ratio, but it's crucial to watch for a clean breakout above the triangle pattern for confirmation. Note: 1. Analysis for education purposes only. 2. Trade at your own risk.
MYX:HEXINDLong
by mg6112
BAHVEST - Looking for continuation of bullish momentumY wave, target (E) within stipulated range. N wave with N, NT & V projection. The price is above the Kumo, signaling bullish momentum. The Chikou Span is also above the price, which confirms a bullish sentiment. The Tenkan-Sen has crossed above the Kijun-Sen, signaling a bullish crossover. This reinforces the upward trend. Price needs to stay above 0.585 and could provide a potential entry signal for a bullish continuation toward the V target at 0.620. Consider placing a stop-loss below the Kijun-Sen at around 0.550 to protect against downside risk. R1 - 0.655 R2 - 0.690 S1 - 0.545 (Senkou-span B) S2 - 0.495 The chart indicates a bullish continuation, but it's essential to watch how the price reacts to these resistance levels, especially at 0.655 and 0.690. Note: 1. Analysis for education purposes only. 2. Trade at your own risk.
BLong
by mg6112
GENETEC: A Lingering Presence in the Market Despite its recent downturn, GENETEC continues to be a topic of discussion among traders. The stock currently faces support at RM0.800, raising the question of a potential rebound. However, it's important to note that GENETEC remains in a downtrend. Therefore, any potential rebound should be approached cautiously and strictly adhering to FIFO (First In, First Out) principles for managing investments. Additional Considerations: * Market Sentiment: Keep an eye on overall market sentiment and any specific news or developments that could impact GENETEC's stock price. * Risk Management: Always prioritize risk management in your trading decisions. Consider setting stop-loss orders to limit potential losses. * Seek Professional Advice: If you're unsure about the best course of action, consulting with a financial advisor can provide valuable insights tailored to your individual investment goals and risk tolerance. Disclaimer: This information is not intended as financial advice. It's essential to conduct thorough research and consider your own circumstances before making any investment decisions.
MYX:GENETEC
by DSELE99
YTLPOWR, resistance turn support?YTLPOWR appears to have recently seen a key resistance level turning into support? This shift can often signal strength in the stock's momentum. However, should the stock move lower, waiting for a clearer opportunity to re-enter or accumulate might be a prudent approach. The probability here leans on two outcomes: if the new support holds, we could see further upside potential. On the other hand, if the stock dips below this new support, it could signal a deeper pullback, and patience would be required to wait for more favorable levels or a new bullish setup. As always, technical patterns provide guidance, but other factors such as market sentiment, news, or fundamentals should be considered as well. Feel free to share your thoughts 🤔 💭 It's crucial to not only know the right time to buy but, more importantly, to be ready and willing to sell when the time comes! Disclaimer: The mentioned stocks are based solely on personal opinions for educational and discussion purposes only. There are no buy or sell recommendations. Trading involves financial risk, and you are responsible for your own decisions. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the information contained herein.
MYX:YTLPOWRLong
by DSELE99