ASB trade ideas
ASB, preparing to lift off?ASB after a month of side way, these 3 trading day has increased its volume and break out from the price 0.170.
We can see from Fibo retracement, it has been settled down above 70.5% or EMA25 line.
On RSI indicator, we can see it is starting crossing up from 14 days average line and pointing up to upper zone.
Although technically it looks very attractive, however due to it is penny stock, any single bid of pricing will causing at least 5% losses.
If you are the high risk taker, RM0.155 can be your stop loss, which is 14% risk.
Feel free to express your ideas and thoughts in the comment section. Give me a LIKE and share it to your friends if you like my sharing.
A Breakout Signal!The candlestick indicates a breakout signal due to significant price movement backed by high volume with the price closed above the MA50 line.
The MACD signal is in a positive trend, hence, confirming the price uptrend toward the next price resistance.
The RSI cross-up of the indexer 70 indexer due to fresh buying interest on the stock making the candlestick in a breakout pattern.
Precaution for a price correction between 5%-10% from the recent peak before continuing with a price uptrend towards the next price resistance.
Let's save ASB in WL and watch out for significant price movement backed with volume toward the next price resistance.
R 0.195
S 0.080
Bursa ASB - Potential Entry PriceDisclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
EASY123 Prediction @MYX ASBPrediction: SIDEWAY to Rally (When it breaks 0.155)
Target Price: R1=0.155, R2=0.18-0.19, R3=0.22-0.25
Support/Cut Loss: S1=0.125, S2=0.11
*Trend direction: SIDEWAY- Price move along at strong support Lifeline (Redline)
*Turning points (White-candle) have appeared on 06-Aug, an indication of the price revert to upward direction.
*Acceleration (White-diamond) signaled on 29-Jul & 07-Aug, an indication of strong momentum.
*Take-off zone (Yellow-candle & Bell-alert) appeared on 07-Aug, an indication of price rally zone.
*Preference Strategy: Swing trading (Follow the BUY/SELL Signal respectively).
*Reminder TP & CL is an individual preference & decision. No fixed rule or guideline for it...Trade at your own risk.
*If you are interested in our trading template. Feel free to drop us a message, we are happy to share with you.
Signal's Interpretation:
BUY Signal:-
*Green-Background = Uptrend
*BT-Yellow-Diamond = Bottom signal.
*Green-Upward-Triangle = Potentially a Bottom signal.
*White-Diamond = Strong upward momentum accelerator.
*White-Candle = Turning point or a trend reversal.
*Yellow-Candle + Alert-Bell = Potential Price take-off area.
SELL Signal:-
*Red-Background = Downtrend.
*Red-Dot = Potentially a Top signal.
*Blue-Candle = Potential price selling off area.
ASB (1481)Currently trading at RM 0.125.
Immediate support found at RM 0.120 at middle channel, as beginning of year 2018 already retest this level.
So I expecting the price will bounce back from this level to resume the new uptrend.
If price fall below RM 0.100 will be rate as risky counter.
Target - RM 0.160, RM 0.20 and RM 0.300
Cut loss - below RM 0.100
Disclaimer: Analysis or results above are solely based on personal opinions. Trade at your own risk.
ASB (1481)MYX:1481
ASB currently trading at RM 0.140. Price consolidation more than one year since last year April from the highest price level at RM 0.210.
RM 0.120 is the bottom and last price for the consolidation mode. If fail to support, it might go back to RM 0.100, but seems like unlikely to break down to this support level.
Target RM 0.160 , RM 0.210 , RM 0.300
Disclaimer: This is not a recommendation to buy or sell. Analysis or results above are solely based on personal opinions and for personal references. Please trade at your own risk.
