ABLEGLOB trade ideas
ABLEGLOB CONT ITS MARK UPThis is roughly idea in terms of Pure Wyckoffian View
at the moment, the area in which i circle (blue color), probably undergoing Re-Accmulation
-as evidence by volume : some of the huge supply has been overcome by incoming demand
-there is still room for the price to go up : 3rd Wyckoff law (Yellow Color projection line)
in view of that, i iniated my position today , as attached
Risk always respected
Pure Wyckoff
Ableglob, Uptrend based on AlgoSignal StrategyThe current point exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
ABLEGLOB SHORT TERMI bought this yesterday, my purpose for this post , is that i want to share & help especially to those newbies & amateur. I was so busy that i was unable to post it until today
(i am also a newbie+amateur. please do not believe anything i posted/share)
i decided to initiate the position in view of Absorption ( As attched)
Absorption is a term, in a way that the big boys AKA composite man , absorbing incoming supply from the weak money
Absolute pure wyckoff , nothing else
An end to a rally? (Johore Tin; 7167.kl)Stock code: 7167
Stock name: Johore Tin Bhd
Screener: 18LC for 8 Feb 2019
Observation date: 10 Feb 2019
Observation:
a) Price & Volume:
- Price: Wide spread on upbars.
- Volume: High volume on price upbars; 1 ultra high vol (need to be caution).
b) Market Stage:
- Mark Up stage (S2) after more than 8 months of sideway movement.
c) Trading Range:
- Price was trading within a Trading Range (between Mar'18 to early Jan'19).
- As the time of writing, we can see that it is trading on an Uptrend.
d) Resistance & Support:
- Price broke the then Resistance Line (now Support Line 1) and make a pullback before start moving upwards.
- Along the way, price make few pullbacks to rest before moving up. This can be seen in the Support Line 2, 3 and now 4.
- Price is now trying to break Resistance Line 1 and is currently making a pullback below Resistance Line .
Remarks:
- We see an ultra high vol. on 27 Feb'19 and the price bar closing on the lows. This is a sign that we need to be cautious.
- Price may go sideways before going up or down. To move up, we need to see more SOS; to move down, we should see the price bar not able to close higher than the previous high.
- Those who already buy this share would need to take note and review their trading plan.
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