Breakout + Retracement opportunity, Ride the trend !Breakout of downtrend line with significant volume , subsequently with healthy retracement. Ride it for the mid term, SPP 1.38 > New SPP 1.48
BAUTO trade ideas
BERMAZ AUTO BERHAD - [BAUTO]Price Action
The stock price is at MYR2.51, showing a gain of +0.07 or +2.87% for the day.
The recent price action indicates an uptrend, with the price rising from a recent low near MYR2.38 to its current level of MYR2.51.
Bollinger Bands
Upper Band: The price is approaching the upper band, which could indicate an overbought condition.
Middle Line (SMA): Price is above the middle line, indicating a bullish trend.
Lower Band: The lower band remains distant from the current price action, showing support.
Volume
Volume for the day is 3.005M.
There is a visible increase in volume coinciding with the upward movement in price, which typically confirms the strength of the current uptrend.
Resistance and Support Levels
Resistance: Immediate resistance is likely near the upper Bollinger Band, which is around the MYR2.67 level.
Support: The middle Bollinger Band (SMA) around MYR2.44 acts as immediate support.
Overall Trend
The stock is showing a bullish trend on the daily chart, with a potential for further upward movement. However, the proximity to the upper Bollinger Band suggests that there might be some resistance, and a pullback could be possible if the price fails to break through the resistance level.
Key Indicators to Watch
Breakout or Reversal: If the price breaks above the upper Bollinger Band with strong volume, it may continue to trend higher. Conversely, if it fails to break above, a pullback to the middle Bollinger Band is possible.
Volume: Continued high volume will be key to confirming any breakout.
BAUTO (Good Earnings)Continuously good QR result. Fasten your seatbelts and ready to rocket!
YoY Earnings: ⬆ 380+%
YoY Revenue: ⬆ 210+%
Target: Around 2.08 - 2.22
Stop: Around 1.75
Risk Reward Ratio ≈ 2.3
Disclaimer:
For discussion and sharing purpose only. NOT entry recommendation. Trade at your own risk.
#TAYOR
VCP BAUTOShows profits in last quarter.Price just breakout the horizontal line,but not in significant volume
BAUTO@ 11.3.2022
Raising Wedge pattern including Head & Shoulder formation expected to be form, let's see
#learningprocess
#newbie
BAUTO MARK UP
bauto is showing shcematic accumulation type 2.
the hallmark for this schematic, is urgent accumulation by the composite man. too many evidences pointing toward strenght here.
price makin HH-HL since Selling Climax would be the most obvious sign of smart money accumulation
with this massive cause will produce a massive objective
BAUTO TECHNICAL ANALYSISTechnical analysis for BAUTO Stock based on Trend Analysis, Chart Pattern and VPA
VCP SETUP BAUTOIve had posted this counter on 30Aug.Currently,looks more promising in term of VCP pattern.
Reentry on BAUTOA lower timeframe entry confirmation is required to consider an early entry. Stoploss below weekly support
Bauto Short-Term SwingBauto have high possibility to keep uptrend for short-term swing trading.
CP: 1.600
Support minor: 1.580
Support: 1.550
Resistance: 1.640
Currently the price maintain above EMA100 and Macd just touch 0, it have high possibility to keep upward.
EMA10 als just cross EMA30.
If breakout 1.610, will test 1.640.
This is my prediction only.
If you looking to enter trade at your own risk.
BAUTO trendline supportClear support area at trendline as shown with stoch rsi.
Disclaimer: This is for educational purpose only, not a buy call.
BAUTO! HIGH PROFITABLE TRADING IDEAS!Hi Guys! This is my treat for you!. If you are aware, My High Profitable Trading Ideas were my killer setup with high profitability. Sometimes I make this private so that only selected people can view it. Based on the technique and current price action movement, I'm expecting a very high possibility this setup will bring you profit as planned.
TAYOR!
RECTANGLE BASE FORMATIONOne of the favourite pattern of Zan Danger,"RECTANGLE BASE FORMATION" after a major downtrend.Latest quarter report shows significant increasing sales and profit.High probability of upward breakout of rectangle soon.Support by large institution and one of the counter in a strong sector
Uptrend, High LowBAUTO is in uptrend momentum. Maintains creating a new High Low.
Ride the trend
Disclaimer: For educational purposes only
Tons of insider buyingThis is a recovery play with a lot of insider buying in these ranges as it consolidates , suggesting great fundamentals for the company.
klse.i3investor.com
first target is 1.975 based on the large volume node
Entered at 1.51
