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Consistent Uptrend Momentum!The candlestick indicates a price fluctuating between consistent highs and lows as indicated by the resistance and support channel whereas the channel benefits as a guideline to predict price peaks and troughs. The price is within the lower channel and provides a buying opportunity. From the previous trades, there was no significant result in volume. Where the volume hasn't yet crossed above the MA line although price action is in place. MACD and RSI indicate a divergence signal that is aligned with the candlestick uptrend toward the next price resistance. Let's save WCT in WL and watch out for price action with result in volume crossed above the MA line. R 0.585 S 0.460
MYX:WCTLong
by eskopitehmilo
CMSB rebound soon?CMSB After this few days of minor crash on penny stock, CMSB also been affected. It also been affected by the news of Norges Bank ceased to be substantial share holder on 12 Jan 2024. However, personally I think it will not affect the fundamental of the company. Technical wise, it as mentioned earlier, RM1.18 is a key resistant level that had been tested 4 times since Apr 2023. The last really in the 1st week of Jan 2024 was the 4th attempt to test this level and follow with the major correction. Today, 3rd trading week of 2024, the price been supported the strong support level (RM1.02- 1.05). If next week, the price rebound stronger back and supported by stronger that to be released on end Feb, that's good chance to break RM1.18. If it continue the short term down trend to break below RM1.02 then need to be careful and prepare to take loss.
MYX:CMSB
by mtwwy
CYPARK, possible for short-term trade?It's closing 0.865 and forming hammer ? Can try for short term trade? >> still OS counter ATM. >> Price above Hull MA but it's still red, must be careful. Those BOD (Buy on dip) traders might take risk, but personally prefer OB counters. Just monitor how the market react. 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.
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by DSELE99
PESTECH buy signal based on MRV1 setup on 29 Dec 23 at RM0.325I have a large number of stocks whose momentum readings are still valid during my absence, but I couldn’t find more when I returned. Weird… The support area could be set at the most recent pivot low of RM0.275. However, this would make my target price based on the risk/reward ratio too high, and I wouldn’t want to hold that long. I would set the stop loss to RM0.290 (which coincides with the equilibrium support area at the same price level) to adhere to the minimum 10% risk based on the price. The target price is RM0.395. To maintain a risk/reward ratio of 1:2, you may choose to adjust this to 1:1.5 or 1:1 based on your preference. The holding period is 2-3 months, as the signal is derived from the daily chart. The momentum signal was triggered near the equilibrium price area and created an uptrend pattern of higher highs (HH) and higher lows (HL) in the process. A momentum signal at these price areas should be able to confirm the movement. Zoom out the chart to see. The immediate resistance is at RM0.335 and the next resistance is at RM0.385. The support zone is at RM0.290 and RM0.2402 follows after.
MYX:PESTECHLong
by syafizi
CYBERE buy signal based on MRV1 setup on 4 Jan 24 at RM0.125 This is a repeated signal that was triggered on 20 Dec 2023 at the closing price of RM0.120. The support area could be established at the equilibrium support area of RM0.115. Suggested stop loss at RM0.105 to comply with the minimum risk of 10% based on the price. The target price is at RM0.150 with a 1:2 risk/reward ratio, aligning with the equilibrium resistance price area. Adjust the risk/reward ratio to 1:1.5 or 1:1 based on preference. The expected holding period is 2-3 months as the signal is derived from the daily chart. The share price just broke through a symmetrical pattern, retraced, and an uptick occurred at the equilibrium support. A momentum reading appeared as confirmation for the pattern play. This information is for discussion purposes only and is not a buy/sell call.
MYX:CYBERELong
by syafizi
PAOS buy signal based on MRV2 setup on 4 Jan 24 at RM0.390 Buy signal for PAOS observed on 4 Jan '24 at RM0.390 based on the MRV2 setup, a higher risk version of the original MRV1. MRV1 triggered on 19 Dec 2023 at the closing price of RM0.405. The support area could be established at the equilibrium support area of RM0.380. The suggested stop loss is set lower at RM0.360 to maintain a minimum risk of 10% and avoid a too tight stop loss for counters around this price range. The target price is at RM0.495 with a 1:2 risk/reward ratio. You may align with the equilibrium resistance price area at RM0.510 or adjust the risk/reward ratio to 1:1.5 or 1:1 based on preference. The expected holding period is about 2-3 months since the signal comes from the daily chart. A momentum reading appeared at the equilibrium support area, showing confirmation to continue upward momentum. This information is for discussion purposes only and is not a buy/sell call.
MYX:PAOSLong
by syafizi