ASIAPLY trade ideas
ASIAPLY (12/11/2020) on weaknessThe stock is currently in sideway channel, trying to find a new lower low for Corrective Wave B. Based on oversold Stochastic, it could continue downtrending probably slightly outside the channel before limited upside for Wave C with resistance @ 0.500
We anticipate the support zone to be around 0.245-0.38. With banker chip flushed away, the stock might need better sentiment to start picking up more traction.
The stock has a slightly large balance float (60% of 710M shares), relatively compared to ANCOM (43% of 252M shares). This adds more friction for price action without any news or sentiment.
TAYOR.
ASIAPLY AnalysisThe price for asiaply already fly..lol..but, what we need to do is let the price do the retracement or correction a bit.
based on FIB Retracement analysis, the price will retrace within range 455 - 490. If the price didnt play within this range, you might entering at the high price already.
However, if the plan didnt work, CL at 415
Happy trading
EP - Range 455 - 490 (Let the price retrace a bit)
CL - 415
TP - 545 above
Terus perhatikan ASIAPLY minggu iniASIAPLY telah berdagang di atas Purata Pergerakan 20-Hari (20MA) yang condong ke atas yang merupakan petanda baik. Ini menjadikan harganya berada pada tahap penahanan 0.155. Agar kenaikan berterusan, rintangan perlu dipatahkan secara muktamad, lebih baik dengan kelantangan tinggi. Analisis indikator pada RSI tidak menunjukkan keadaan yang melampau. Berhati-hatilah untuk tahap 30% dan 70% yang menunjukkan keadaan terlebih jual dan overbought.
ASIAPLY (0105)Currently is trading at RM 0.095. Nothing much but sideways.
Trading opportunity might happen whereby this current price level is strong support zone. Buying momentum might come in anytime. Fast and Furious!! Fast game will do.
Target - RM 0.110, RM 0.130, RM 0.170 and above
Cut loss - RM 0.085
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.