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Wellcal Holdings Bhd to Challenge ALL TIME HIGH?A bullish continuation pattern can be seen as the price continuously making series of Higher Highs and Higher Lows. For the past 2-3 months, price formed a pullback after the Break of Structure reaching RM 1.87 as the new 52 Weeks High. There are three key things that are worth to be observed: 1. Price rebounded at MA 200 confluence with the Order Block zone. 2. In TF15m, price made Change of Character (ChoCh) at RM 1.59. 3. A bullish divergent pattern can be seen as price is making Higher Low and the Awesome Oscillator Lower Low suggesting that price will shift upward. If price can sustain and close above RM 1.70 will strongly validate the ChoCh in the TF15m with a minimum target at the previous high RM 1.87 and a breakout above it, with the target at the All Time High level. A break below RM 1.53 is a sign that price will further resume the bullish pullback whereas if broke below RM 1.43 indicates the ChoCh from bullish to bearish. Disclaimer: The information provided is for educational and informational purposes only and should not be construed as financial advice. Before making any investment decisions, individuals should conduct thorough research and consider their financial situation, risk tolerance, and investment objectives. Investing in stocks involves significant risk and may not be suitable for all investors. The value of stocks can fluctuate and may result in partial or total loss of investment capital. Past performance is not indicative of future results. Furthermore, the content provided does not constitute a solicitation or recommendation to buy, sell, or hold any particular security or investment strategy. Investors are encouraged to consult with a qualified financial advisor or investment professional before making any investment decisions. All investments carry risks, including the risk of loss of principal. Investors should be aware of the potential for volatility, market fluctuations, and geopolitical events that may impact the value of their investments. Investors are solely responsible for their investment decisions, and any reliance on the information provided is at their own risk. The author and publisher of this disclaimer disclaim any liability for any direct, indirect, incidental, or consequential damages arising out of or in connection with the use of the information provided herein.
MYX:WELLCALLong
by fuad_khairi
1
Capital A Historical Stock Price MovementKey Events and Their Impacts: 1. GMT Research Report - 10th June 2015: This event is marked with a blue arrow pointing downwards, indicating a further dampening impact on the stock price. The research reports, as described, typically contain analyses that can either affirm or question a company's financial health, practices, or prospects, influencing investor sentiment and stock price movements. 2. First COVID-19 Case Reported in Wuhan - December 2019: The stock seems to have had minimal immediate response to this early-stage pandemic event. However, subsequent global spread and lockdowns severely affected markets, including Capital A. 3. First COVID-19 Case Reported in Malaysia - January 2020: As the pandemic neared Malaysia, it likely contributed to increased market volatility and investor concern, reflected in the downward trend following this period. 4. First MCO (Movement Control Order) Lockdown in Malaysia - 18th March 2020: This event is marked by a significant drop in the stock price, represented by a blue arrow. Lockdowns would have led to a halt or severe reduction in business activities, particularly affecting companies with significant operational dependencies in affected areas. 5. Declared a PN17 Company - July 2020: Being declared a PN17 company indicates that the firm faces financial distress or fails to meet certain regulatory conditions of the Malaysian stock exchange. This event typically leads to a negative perception of the company’s financial health and prospects, which is reflected in the sharp decline in stock price around this time. Overall Stock Price Trend: • 2005-2010: The stock price appears relatively stable with some fluctuations but no significant long-term upward or downward trends. • 2010-2015: There is a gradual increase in stock price, peaking around 2015. This period could suggest a phase of growth or positive market conditions for Capital A. • Post-2015: After the peak, the stock price shows a volatile but overall downward trend. The events marked from 2015 onwards, including the GMT Research Report and financial distress status, suggest that the company may have faced operational, financial, or market challenges leading to a loss of investor confidence. Capital A Berhad's stock price performance over the years indicates a company that has experienced both growth phases and significant challenges. The key events annotated on the chart have had considerable impacts, particularly the financial distress declaration in 2020 following the COVID-19 pandemic’s onset and associated economic disruptions. Future prospects would depend heavily on the company's ability to manage its current financial health issues, navigate market conditions, and restore investor confidence.
MYX:CAPITALAShort
by sckam