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SAMAIDEN poised for next uptrend wavecorrrection at 0.382 risk reward ratio is good Here are the key elements I observe: 1. Price Movement: - The chart shows candlestick patterns with both red and green candles - Current price appears to be around 1.03 MYR (Malaysian Ringgit) - There are multiple price levels marked with Fibonacci retracement levels (shown as horizontal lines) 2. Technical Indicators: - Moving averages shown as curved lines in different colors - Volume bars at the bottom of the chart (green and red bars) - Various numbered points (1-5) marking significant price levels or movements - Wave patterns labeled with roman numerals (iii, iv, v) 3. Trading Information: - Buy level marked at 1.16 - Sell level marked at 1.15 - Target price shown as 0.09 (7.76%) - Stop loss level appears to be set at 0.04 (3.45%) - Risk/Reward ratio indicated as 2.25 4. Time Frame: - The chart appears to be showing recent price action with data points marked for September 2024 - Volume analysis indicates varying levels of trading activity throughout the period 5. Market Status: - The stock appears to be in a corrective phase after reaching a peak marked by point 5 - Multiple support and resistance levels are clearly marked on the chart The overall chart seems to be a detailed technical analysis setup used for trading decisions with multiple indicators and price levels to guide entry and exit points.
MYX:SAMAIDENLong
by pengamalgelombang
Sealink International Bhd Bullish Trend Still Intact1. Key Levels & Context: Range: Price is rebounded from Higher Low for External Structure and MA200 at 0.265 and it is noticeable that the during the pullback, the volume is drying out. 2. Resistance Zone: Strong resistance at 0.340 - 0.360 and 0.365 - 0.380, influenced by: a) Previous Lower Highs acting as dynamic resistances. b) Bearish weekly candle. c) Overlapping supply zone. 3. Short-Term Bias: a) In H2 (Lower Timeframe): - Change of Character (ChoCh) at 0.305 indicates a reversal in the Internal Structure for bullish trend to continue supported with the Gap and New Volume. b) Validation & Invalidation: - Bullish Validation: A daily close above 0.340 confirms upward momentum, targeting the next levels around 0.380 and 0.420 as the for the new 52 weeks High. - Bearish Invalidation: Break below psychological level 0.300 signals the bullish momentum is weakening, suggesting ongoing correction. 0.265 is the last defense for bulls. Breaching this level negates the bullish setup entirely. 4. Summary for Actionable Trade Setup: a) Bullish Entry: - EP : 0.275 - 0.290. - TP : 0.340, 0.360, 0.380, 0.425, 0.500 b) Bearish Bias: If price breaks 0.290, anticipate a deeper pullback. A break below 0.265 confirms a reversal for bearish trend.
MYX:SEALINKLong
by fuad_khairi
Simple13 Trading IdeaCurrent Price: RM 1.23 The stock rebounded from a double bottom around RM 1.15, confirming a bullish reversal after breaking above the neckline at RM 1.20. However, the price encountered resistance near RM 1.30 and is now in a pullback phase. Technical Analysis Fibonacci Retracement Support: The price has pulled back to the 50% Fibonacci retracement level, a key support zone where buying interest typically re-emerges. Double Bottom Confirmation: The break above the neckline at RM 1.20 validated the double bottom pattern. As long as the price stays above this level, the uptrend remains intact. Resistance and Target: The next major resistance is RM 1.30, followed by the target price of RM 1.50, aligning with the pattern’s projected move. Trading Plan Entry Area: RM 1.20 (near Fibonacci and neckline support) Target Price: RM 1.50 (based on price projection from the double bottom breakout) Cut Loss Level: RM 1.14 (if the stock closes below this level, invalidating the double bottom pattern) Risk-to-Reward Ratio: 5:1 Summary This setup leverages the double bottom breakout and Fibonacci support for a potential upside target of RM 1.50, while maintaining a tight stop-loss at RM 1.14 for risk management. Disclaimer: This is not financial advice. Conduct your own research before making investment decisions. MYX:CTOS
MYX:CTOS
by Simple13_Trading
99SMART: A Potential Rebound Next Week?It experienced a significant decline of nearly 6% from its recent high of 2630. If it further drops below the 2470 could dampen the stock's outlook. For those who acquired the stock below the current price, there's still an opportunity for profit. While uncertainty looms over the weekend, it's important to remember to enjoy the investment journey. By maintaining a positive outlook and making informed decisions, investors can navigate market fluctuations and maximize their returns. We only profit when successfully sell. Otherwise it's merely a paper gain. 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.
MYX:99SMART
by DSELE99
Simple13 Trading IdeaCurrent Price: RM 1.15 The stock successfully broke a 126-day consolidation and is now trading with strong upward momentum, pushing the RSI into the overbought range on the daily chart. Since the price is extended, waiting for a pullback could offer a better entry. Potential Pullback Supports Fibonacci Retracement Support (Daily Basis): I adjust the Fibonacci retracement levels daily based on recent price action. Typically, I focus on the 50% retracement level, a key area where buyers might step in. This keeps the support level dynamic and in line with market movements. 20 EMA Support (Daily Chart): The 20 EMA acts as a dynamic support level in a strong uptrend. If the stock retraces to this level, it could offer a buying opportunity, as prices often bounce off the 20 EMA in a sustained uptrend. Trading Plan Entry Area: RM 1.10 (near Fibonacci and 20 EMA support) Target Price: RM 1.30 (based on projected resistance and price targets) Cut Loss Level: RM 1.05 (if the stock closes below this level, indicating trend weakness) Risk-to-Reward Ratio: 4:1 Summary This setup aims to capitalize on the uptrend while managing risk with a clear entry, target, and stop-loss level. Adjusting the Fibonacci retracement and 20 EMA support on a daily basis will help refine entry timing. Disclaimer: This is not financial advice. Conduct your own research before making investment decisions. MYX:ADB
MYX:ADB
by Simple13_Trading
DUFU Double Bottom, BullishTime Frame: 4H Sentiment: Overbought Forecast: Bullish We can see a strong support and buying momentum around 1.6-1.8, selling power is weak. Bar price action and the volume, showing buyers' power increase. Broke the resistant level 1.86. Heading to 2.13 & the next resistant around 2.2 - 2.4. 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:DUFULong
by DannyKc
IFCAMSC - Analysis for potential price movement N wave with E, V, N & NT projection. The price is above the Kumo, indicating a bullish trend. The Tenkan-sen is above the Kijun-sen, signaling bullish momentum. Chikou Span is above the price candles and the Kumo, supporting the bullish bias. The price has closed above a critical resistance zone (gap closure region), confirming bullish progress. The price is at 0.685, moving into the gap closure area, which could serve as a magnet for price action. Breakout above 0.720 (NT level) is critical for further bullish momentum. Immediate resistance levels: 0.720 (NT), 0.745 (V), 0.775 (N), and 0.840 (E). Immediate support levels: 0.660 (gap support) and 0.640 (upper Kumo edge). Enter a long position if the price breaks above 0.720 (NT level) with strong volume. Alternatively, wait for a pullback near 0.660–0.670 (gap support zone) for a better risk-reward setup. Place a stop-loss below 0.640 (upper Kumo edge) to manage downside risk. Volume Confirmation: Ensure the breakout above 0.720 (NT) is supported by significant volume. Risk Management: Adjust position size according to the stop-loss distance and ensure the reward-to-risk ratio is favorable. 52-Week High: Monitor price action if it approaches the 52-week high, as this could act as psychological resistance. Note: 1. Analysis for education purposes only. 2. Trade at your own risk.
MYX:IFCAMSCLong
by mg6112
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.
MYX:MNHLDG
by mg6112
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.
MYX:BNASTRALong
by mg6112
SENDAI-WA - P Wave breakout strategy setupThe price is currently situated near the Kumo. This hints at potential resistance above and support below. Recent volume suggests increased interest, particularly around the P wave's resistance area, indicating possible upcoming volatility. The P wave is visible in the price movements, defined by alternating highs and lows, indicating consolidation before a potential breakout. Key price levels: Support Zone (Lower end of P wave): around 0.240. Resistance Zone: around 0.290 to confirm the breakout. Monitor for a breakout above 0.290 with supportive volume to confirm your entry. Set your SL and TPs as outlined to maximize your trading strategy while managing risk appropriately. Use caution and stay updated on market conditions that may affect price movements. Note: 1. Analysis for education purposes only. 2. Trade at your own risk.
MYX:SENDAI-WALong
by mg6112