TIMECOM Waiting opportunity on 4.5 Reason for Buy this stock
Stock can sustainable provide 7% + dividend per annual
Waiting the Opportunity to buy at $ 4.5 as per technical analysis
Continues growth on profit since 2017 and cooperate with Malaysia government for 5G internet project.
Long Term ( 3 years ) holding stock only and TP on $ 7
7 % dividend per annual * 3 years = 21 %
55 % of capital gain + 21 % = 76 %
76 % / 3 years = 25.33 % per annual
Waiting Opportunity for Buy
Record holding
0 Stock hold as of now.
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
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.
BNASTRA - Just a 2-cent ideaN wave with E, V, N & NT projection.
NT Projection (1.52): This level is the immediate resistance. The price recently tested this level but was unable to close above it, pulling back slightly to 1.42. If the price breaks and closes above this NT level, it could indicate a continuation of the bullish trend.
The price is above the Kumo, suggesting an overall bullish trend. The Chikou-Span remains above the price, supporting the current bullish outlook. However, the price is testing the lower boundary of the Kumo, so a breakout or rejection in the coming sessions will be important.
The stock recently tested its 52-week high around 1.52, coinciding with the NT level. A breakout above this high would be a strong bullish signal.
Recent price action has seen a slight increase in volume, indicating buyer interest, especially after the pullback to 1.37.
Entry: Enter above the NT level at 1.52 on a breakout confirmation.
Stop-Loss: Set the stop-loss around 1.38, below the recent low and Kumo support.
If the price fails to break above NT (1.52), it may lead to further consolidation or a re-test of lower support levels.
Ascending Triangle
The NT level at 1.52 acts as the horizontal resistance. The price has tested this level multiple times, forming the flat upper boundary of the triangle. This is also close to the stock's 52-week high, reinforcing the significance of this resistance.
The ascending trendline can be drawn from the recent lows at points A and C. This rising support line connects the higher lows, creating the lower boundary of the triangle.
The price is moving within the triangle, getting squeezed between the rising trendline and the horizontal resistance, indicating increasing pressure for a breakout.
An ascending triangle suggests a bullish breakout is likely if the price can close above the 1.52 resistance level with strong volume. The measured move (potential target after breakout) is typically calculated by taking the height of the triangle and projecting it upward from the breakout point.
Entry: Enter on a breakout above 1.52, with a strong daily close confirming the move.
Stop-Loss: Place the stop-loss below the rising trendline support, around 1.38 (or slightly below the recent lows).
Target: The expected move can be projected by measuring the height of the triangle, which is approximately 0.15 (1.52 - 1.37). This would give a target of around 1.67, which aligns with the N and V projections (1.73).
If the breakout is strong, the price may move towards the final E projection of 1.90 in the longer term.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
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.
MNHLDG - Which sentiment is stronger, Bullish or Bearish?The chart presents two potential outcomes depending on the current market sentiment. The candle is below the Kumo, suggesting bearish momentum, but both bullish and bearish scenarios are possible:
N wave with E, V, N & NT projection.
The price is below the Kumo, indicating a bearish trend. However, a break above the NT level and Kumo could trigger a bullish shift.
The Chikou-Span is below the price action, which confirms the bearish trend, but a breakout above the Kumo would reverse this sentiment.
A buy signal could be confirmed with a close above 0.935 (NT level) and ideally above the Kumo.
Watch for a Kumo breakout to validate this bullish outlook. Failing to break above NT could invalidate the bullish scenario.
Wait for a breakout above the Kumo and NT (0.935) to confirm a bullish move towards 1.02, 1.05, and 1.10.
Y wave, target (E) within stipulated range.
The corrective Y wave formation is seen with the potential to continue downwards if the price fails to break above the NT level and remains under the Kumo.
The price is below the Kumo, and the Chikou-Span is also confirming bearish sentiment. If the price stays below NT (0.935) and continues its downward path, the bearish outlook strengthens.
If the price rebounds at (E) in the bearish scenario (Y wave), it could signal the end of the corrective phase and the potential for a new bullish wave to begin. Here's how you can approach the situation:
E (0.820 - 0.835): This zone represents the final target of the bearish Y wave. If the price reaches this level and shows signs of support or bullish reversal patterns (e.g., bullish engulfing, hammer), it could signal the beginning of a bullish recovery.
Look for candlestick patterns like a bullish engulfing or a hammer around the E (0.820 - 0.835) level.
If the price moves above the Kumo after a rebound from E, it will further confirm the bullish reversal.
A cross of the Tenkan-Sen over the Kijun-Sen below the Kumo could signal early bullish momentum.
After the rebound, the price could start a new N wave pattern with an upward trend.
New projections for N, V, and E targets can be calculated based on the rebound.
If a strong rebound is confirmed near 0.820 to 0.835 with bullish price action and Ichimoku alignment, consider entering a long position.
Place a stop-loss slightly below the E level (0.820) to minimize downside risk.
First target: Near previous resistance levels, likely around 0.94 (NT level).
Subsequent targets: 1.02 (N), 1.05 (V), and 1.10 (E) from the potential new N wave.
This would offer a good risk-to-reward setup, assuming the price respects the E level and bullish momentum follows.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
CRESBLD - Analysis on potential of price movementThe price is trading around the Kumo, with recent candles moving just above the cloud. A bullish sentiment is present, but the price needs a confirmed breakout from the Kumo.
The Tenkan-Sen is above the Kijun-Sen, signaling short-term bullish momentum.
The Chikou Span is slightly below the price, indicating that while momentum is picking up, the breakout confirmation needs to be strong for sustained upward movement.
0.715 (0.886 Fibonacci level): This is a key resistance level before hitting the Y wave target (E) at 0.725.
0.725 (1.0 Fibonacci extension): The major resistance level and target for the current Y wave formation.
0.685 (NT level): This level is critical as immediate support. If the price holds above this, the uptrend may continue.
0.675 (V level): Another support level which could act as a reversal point if the price pulls back.
Enter on the breakout above the Kumo cloud at around 0.685, with confirmation of bullish momentum.
Place a stop-loss below the Kumo at 0.650, which is also below the previous consolidation support zone.
This setup presents a bullish scenario if the price can hold above the NT projection level (0.685) and break through the resistance near 0.715. Watching for Ichimoku confirmation with a clear Kumo breakout is key to entering the trade confidently.
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.
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.
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.
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.
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MI Technovation Trading IdeaTechnical Setup:
The stock previously rebounded from both the uptrend line and the Fibonacci 0.618 retracement level, indicating strong support.
However, if the uptrend line breaks, it could signal a weakening of the bullish trend.
Entry Strategy:
Buy MI Technovation shares in the entry zone between RM 1.74 and RM 1.90. This range offers a favorable risk-reward ratio based on historical support levels and Fibonacci analysis.
Profit Taking:
If the price rises to RM 2.75, take profit, as this is a potential resistance level. The upside from RM 1.90 to RM 2.75 represents a 44.7% gain.
Risk Management:
If the price drops below RM 1.74 or if the stock breaks the uptrend line, exit the trade to manage risk effectively. Breaking the uptrend line could signal a reversal in trend, adding to the sell rationale.
Risk-to-Reward Ratio:
The upside from RM 1.90 to RM 2.75 is about 44.7%.
The downside risk from RM 1.90 to RM 1.74 is about 8.4%.
With the potential of an uptrend line break as an additional risk factor, this strategy offers a solid risk-to-reward ratio of 1:5.3, making it a favorable setup.
KUB - Monitor for the price action.N wave with E, N, V & NT projection.
Price is hovering at the edge of down Kumo and Senkou-Span B (0.780) as an immediate resistance.
The Chikou Span crossing above the candle price showing a bullish signal.
Price needs to stay above NT level to keep the continuation of bullish momentum. Considering for entry at above NT level and failing to breakout this level could invalidate the setup.
R1 - 0.780 (Senkou-span B)
R2 - 0.790
S1- 0.765 (Senkou-span A)
S2 - 0.735
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
Engtex - Need strong momentum to for bullish sentimentY wave, target (E) within stipulated range.
Price just crossed Kijun-sen but still below Kumo indicating the bearish sentiment, though a potential reversal may be underway.
The Chikou Span is below the price and Kumo, signaling that the bearish momentum might still be in play.
After wave (C), the price has been consolidating. The recent upward momentum could push the price toward the Y wave target at (E).
R1 - 0.660
R2 - 0.670
S1 - 0.610
S2 - 0.600
A potential breakout above 0.640 could signal bullish momentum for a move toward the Y wave target at 0.660 to 0.670.
Given the price's position relative to the Kumo and resistance levels, a cautious bullish approach can be taken if the price breaks above 0.640. However, if the price fails to hold above the Kumo, the bearish sentiment may continue.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
NATGATE - Potential Pullback on the Horizon?The stock has just closed above the key RM1.80 level, maintaining its position in line with the Hull Moving Average (HMA), suggesting some strength in the current trend. However, it's worth noting that the MACD remains in a downtrend (DC), signaling that momentum could still be weak. Investors should keep a close watch for any signs of a pullback, especially if the stock struggles to gain further upward traction.
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: 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.
