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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.
MYX:CYPARK
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
M&G triggers MRV1 on 8 Jan 2023 at the price of RM0.230 at closi This is repeated signal, as the previous signal was triggered on 26 Dec 2023 when the share price was RM0.220 The support level for M&G is RM0.220, but a safer stop loss would be RM0.195, which is also the previous equilibrium support. The resistance level for M&G is RM0.250, followed by RM0.275, but the target price is set to RM0.270 to ensure a good risk/reward ratio of 1:2. The holding period for this trade is estimated to be 2-3 months, based on the daily chart analysis. This information is for discussion purposes only and is not a buy/sell call.
MYX:M&GLong
by syafizi