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SSF buy signal based on MRV1 setup on 4 Jan 24 at RM0.265 It’s a classic case of a cup & handle pattern - pretty much straight out of a textbook. If you’re a fan of Bulkowski’s C&H pattern trading strategy, you might want to wait for the price to break above RM0.270. That way, you can aim for RM0.285, using the handle low of RM0.240 as your stop loss. But if you’re in it for the long haul, you might want to consider entering at RM0.265. Or, if you’re feeling lucky, you could queue your buy order at RM0.250, which also happens to be the nearest support based on equilibrium. I’d suggest a stop loss at RM0.235 to stick with the minimum risk of 10% based on the price. But you could also place it at the counter’s lowest price, RM0.225. With a 1:2 risk/reward ratio, the target price comes in at RM0.325. This lines up with the projected equilibrium resistance price area. Feel free to tweak the risk/reward ratio to 1:1.5 or 1:1, whatever suits your style. You’re probably looking at a holding period of about 2-3 months since the signal comes from the daily chart. Please note, this is merely an observation and not a suggestion to buy or sell. Always do your own research before making any trading decisions.
MYX:SSFLong
by syafizi
KNUSFORD potential break up +30%Time Frame: 4H Sentiment: Bullish Risk reward 1:3 Entry 0.925 Last close at resistant level, Bar price action and the volume, showing buyers' power increase. if it can break the resistant level 0.97, expecting the next level reaching 1.3 I'm expecting this time will be a real breakout, cup and handle pattern. Write your thought in the comment session :) P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like my works? Please hit the Like, Follow and Share or tip me a coin :) Thanks! Disclaimer This information only serves as study references, does not constitute a buy or sell call.
MYX:KNUSFORLong
by DannyKc
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