MY: BioAlpha Holdings Analysis 15.02.24Bottom fishing was at 0.095 where the price can't break the support. Congrats to those catches at bottom. If the momentum is strong, can consider to buy and can take profit at any fibo level.
P/s: This is not Buy/ Sell call. Please due diligence before entering any trades. Trading can incur partial / full loss. Outmost cautious need to be observed when investing in high-risk instrument.
BIOHLDG trade ideas
BIOHLDG found support BIOHLDG found resistance at Fibonacci 2.618 and plunged down 61.8% from the entire upside movement from June 2020 for a pullback. The entire correction could have ended here as we can see technically on RSI oversold condition and the price currently rebounded on the uptrend line from Mar 2020. Our upside target is at 0.46. On the opposite scenario, price movement below 0.20 could push the price lower.
Disclaimer: Our content is intended to be used and must be used for technical analysis education purposes only.
BIOHLDG Analysis**Disclaimer: This is not a buy call but for learning purpose.
Technical analysis
Resistance breakout with high volume
RSI moving toward overbought area
MACD multi-timeframe above centerline
EMA wave moves toward upper direction
Trading idea
Entry price: 0.320/0.325
Cut loss: 0.305
TP1: 0.340
TP2: 0.370
BIOHLDG (0179) Sideways box flaring out(0179) BIOHLDG
- 4 months sideways without trend violation.
- Breakout from its trigger resistant.
- Double top resistant a challenge before a breakout higher high to continue the long term uptrend cycle.
- Downside risk remain at the trigger resistant turn support.
BIOHLDG - Long at Area of Support or Above Resistance
Please consider your own interpretation of Opportunity & Risk:
NO BUY CALLS OR INVESTMENT ADVISED ARE PROVIDED.
DISCLAIMER: This analysis is for reference and learning purposes only. It is based on my personal view in the market from a technical analysis standpoint. None of information posted in this chart can be used as investment decisions or investment advises to any parties. Do not trade solely on the information posted in this page. Trade at your own risk and judgement. A trader could potentially lose all money. Only risk capital that can be lost without jeopardizing ones financial security of lifestyle. Please seek licensed professional guidance if you plan to invest your capital seriously.
PENAFIAN: Analysis ini hanyalah untuk tujuan rujukkan dan pembelajaran sahaja dan bukan cadangan untuk membeli atau menjual stok atau apa jua jenis instrumen kewangan. Anda dinasihatkan untuk menghubungi remieser / dealer / bank pelaburan yang mempunyai lesen atau kelayakan yang sah untuk bertanyakan pendapat dan menguruskan pelaburan anda. Pelaburan dan perdagangan mempunyai risiko tinggi, dan ianya adalah Risiko Anda Sendiri.
Going longIn DTF we can see the price is moving upside now.
This is confluence with hidden divergence and also bullish divergence at histogram.
Now the price is moving parallel with momentum to go swing mode.
In RSI, we can see the strength to go higher is increasing but the TRIX is still below 0. If it can break 0, the trend will change and maybe the break resistant will happen soon.
The price also break wedge pattern with high volume on break.
TP: 0.315
