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BINTAI KINDEN CORPORATION BHDBINTAI KINDEN CORPORATION BHDBINTAI KINDEN CORPORATION BHD

BINTAI KINDEN CORPORATION BHD

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BINTAI trade ideas

BINTAI KINDEN CORPORATION BHDBintai Kinden Corporation Bhd Trend: The stock has been in a strong uptrend since late June 2024, with the price rising sharply from around 0.080 to a high of 0.145. Price Action: Recent price action shows large bullish candles, indicating strong buying pressure. However, the last few candles suggest some consolidation or potential pullback. Moving Averages: The price is trading well above both the short-term (likely 20-day) and long-term (likely 50-day or 200-day) moving averages, confirming the bullish trend. Support and Resistance: The previous resistance around 0.100 may now act as a support level. The recent high of 0.145 could be considered as immediate resistance. Volume: There's a significant increase in trading volume during the recent price surge, supporting the bullish move. Volatility: The stock has experienced increased volatility in recent weeks, with larger price swings compared to its historical pattern. Indicators: While not explicitly shown, the steep price increase suggests overbought conditions on momentum indicators like RSI. Pattern: The chart shows a clear breakout from a long period of consolidation, followed by a strong upward movement. Given the sharp rise, traders should be cautious of potential pullbacks or consolidation. However, the overall trend remains bullish as long as the price stays above key support levels and moving averages.
MYX:BINTAILong
by Sahrin
BINTAI KINDEN CORPORATIONMy view on BINTAI: 1) Im looking to enter in the Cyan zone. 2) My entry is upon bullish reversal of Stochastic indicator in M15 timeframe. 3) My targeted profit zone is around 0.740. BINTAI Fundamental overview: Share prices of both Yong Tai and Bintai Kinden have skyrocketed since announcing their respective vaccine distribution ventures last year. Bintai Kinden's stock performance has been even more impressive, having jumped over 505% from 11 sen a year ago to 66.5 sen today. However, from its recent closing peak of RM1.39 on Dec 7, 2020, it has fallen about 51%. Prior to the announcement of its vaccine venture, the stock had been trading below 20 sen for three years. Interestingly, Bintai Kinden's largest and second largest shareholders dumped the company's shares in December — four months after the August announcement of Bintai Kinden's venture into the healthcare business. Its second largest shareholder Nusankota Development Sdn Bhd sold its entire stake of 50.03 million shares or 14.4% interest in the company in the open market on Dec 16, 2020. On the same day, Bintai Kinden's largest shareholder, Bintai Holdings (M) Sdn Bhd, sold 28.5 million shares or a 8.14% stake in the group, which reduced its shareholding to 31.69 million shares or 9.05%.
MYX:BINTAILong
by AMianz
BINTAI - found 61.8% support?After making a successful 52WH, the stock has pullback for quite a while with at least 2 dead cat bounce. And the price seems steady at 61.8% support (0.625) for few candles now. We also observed lower volume during pullback, indicates only few seller are selling their shares. Only time will tell when the buyer will start to take control. Best is to wait reversal in H1 timeframe and exit early. R: 0.675 S: 0.575 Speed: Fast with 248M shares float (71% of 350M shares) Sentimen: Bullish Pharma sector 2021 - vaccine TAYOR
MYX:BINTAILong
by sothye
6
BINTAIthe indicator of Stochastic has shown an oversold condition for this counter with less than 10% stochastic level. volume show a high interest in buying this stock compare to selling volume recently. Its normal for if stock traded beyond upperline bollinger band it will do correction to create new low. it was happen 3-7 dec where price surge rapidly moving above upperline bb after 2 weeks of selling down, the stock finally is oversold and today candlestick showing a reversal signal with the appearance of bullish engulfing candlestick. current price is at weekly middle band bb which is a support level too. trading plan suggested to entry 0.735 target as shown in chart 0.935,1.00/1.40/1.50 stop loss if break 0.685
MYX:BINTAI
by QUEENOFGAMBIT
BINTAI 22 DISEMBER – MENUJU SUPPORT OVERSOLD?Sektor: Consumer Products Sub Sektor: Household Goods Sentiment: Vaccine Distributor Status Indeks: Buat HL dan meneruskan kenaikan (uptrend) Status Fundamental: - Market stage: 4 Trading Plan: Target Price 1 (TP1) - 0.945 Target Price 2 (TP2) - 1.175 Strong Support (SS) - 0.64 Cutloss (CL) - 0.565 Cadangan 'entry': Harga kemungkinan jatuh lagi sehingga 0.64 (trendline) atau paling jauh ke 0.565 (S1) Komen 1: BINTAI dalam fasa downtrend mencari support. Komen 2: Analisis moving average dapat dilihat MA20 masih berada atas MA50 dan harga sudah jatuh pecah MA20 dan MA50. Komen 3: MACD positive (biru bawah merah). Selling volume masih tinggi. RSI mungkin sentuh / masuk line oversold & stoch sudah pun berada di kedudukan oversold. ** Penafian: Hanya untuk pembelajaran dan tujuan kajian sahaja. Tiada 'buy call' diberikan. ** Selamat berdagang!
MYX:BINTAI
by arilsaham