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RANHILL May 2024 : Sell on news , and the reaction at 10WEMA was in a good uptrend , then a sudden sell on news. news trigger : " KUALA LUMPUR (May 28): YTL Power International Bhd’s (KL:YTLPOWR) 70% subsidiary SIPP Power Sdn Bhd is buying 405.18 million shares, or a 31.42% stake, in Ranhill Utilities Bhd (KL:RANHILL) for RM405.18 million or 99.5 sen per share " - gap down on massive volume , unable to recover ( long upper wick , close below VP POC ) the reaction : - sell-off halted by 10 weeks EMA - 50 days moving average - Value Area Low of P-Profile
MYX:RANHILL
by qidran
POSITIONAL TRADER.. SWING BUYI have drawn two downtrend trendlines, which are early and latest downtrend trendlines. These two trendlines have been broken. So, I see that the potential downtrend is over. Now, I look for the beginning of an uptrend. I have identified an uptrend structure where there are points LOW (L), HIGH (H), and HIGHER LOW (HL). However, the price still does not make a new higher high point. We need to wait for the price to pass the H level, and make HH, as if the uptrend signal has started.
MYX:BURSALong
by ExperTrader21
3
NOTION, will the bear take over on coming week?Overall trend is good. Consider to leave once brake 1.14 The stock market is a highly dangerous place. Get in, take your profit and get out quick! Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein.
MYX:NOTION
by DSELE99