WILL AUMAS MARKING UP?Based on the context of setup
Aumas probably in Phase B
I dont see any active Change of Character (Choch) yet
However im expecting Choch soon
With a Springboard in action (Black circle color) :
-A trigger bar today prompted me to intiate position (as attched)
-Supply evaporating (reducing vol)
Tight SL
Pure Wyckoff
AUMAS trade ideas
AUMAS - Positive corelation with GOLD price movement ?AUMAS - Current price : RM0.890
AUMAS is bullish as the share price is above 50-day EMA. Note that the price breakout ICHIMOKU CLOUD on 31 JANUARY 2025 with high trading volume.
Gold future price surge to new high due to uncertainty and weak global sentiment. AUMAS is engages in gold mining business in Malaysia. The share price have a positive corelation with gold price movement. As such, i expect the share price may move higher in the upcoming session.
ENTRY PRICE : RM0.890
TARGET : RM0.980 (+10%)
STOP LOSS : RM0.820 (-7%)
Notes : The company was formerly known as Bahvest Resources Berhad and changed its name to AuMas Resources Berhad in December 2024. AuMas Resources Berhad was incorporated in 2004 and is headquartered in Tawau, Malaysia.
AUMAS GIVE NICE VOLUME AND JUST BREAKOUT THE RESISTANCEThis Weekly FORECAST
Opportunity for AUMAS. This setup is my trading idea/plan, if you want to follow: trade at your own risk (TAYOR).
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.