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BERJAYA FOOD BERHADBERJAYA FOOD BERHADBERJAYA FOOD BERHAD

BERJAYA FOOD BERHAD

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BJFOOD trade ideas

A Divergence Signal!The candlestick indicates a divergence signal due to the price being below the MA200 line. Using the support channel line as a reference, the price has the possibility to break the R1 price line, hence, toward the R2 price line in future trade. The support channel is a reference to holding stocks within the parallel trend lines and buying stocks at the lower support lines. If the price exceeds the support line, therefore BJFOOD's price is in the declining phase. MACD and RSI indicators also indicate a divergence signal, hence, confirming the price uptrend toward the next resistance price. Let's save BJFOOD in WL and watch out price rally toward the price resistance R1 and R2. R1 1.08, R2 1.15 S 0.855
MYX:BJFOODLong
by eskopitehmilo
BJFOOD pullbackBjfood, as by 5 jan 2023, price closing rm0.98 . No new catalysts, news, either booster. Lack of popularity, momentum low, many sign of weakness, upthrust 1 day ago. However, the trend is still bullish. Price still above MA100 and MA200. Currently testing support at 0.98. If broken may test support @ 0.935. Next quarter report expected on early February. Usually price will be reacting with the quarterly report. Resistance 1 rm1.06, R2 rm1.09. Fundamental of the company is good, revenue and profit boosted from main business especially from the Starbuck Coffe. Eps 7.49 , pe 13.09 , roe 27.64 . Recommendation, wait for volume come either at support for buy on support or after breakout for buy on breakout. Support and resistance as shown above. This article only for learning only and self opinion. no buy call. Please do your own research. MYX:BJFOOD
MYX:BJFOODLong
by Kijooo
Technical Analysis (Wave,Pattern,Indicators): [Berjaya-5196]* = explanation Falling Wedge - Bullish 1. Broken Falling Wedge - Waiting for retest on Demand Zone (*where investor wants to buy). 2. Potential correction (*when the price moves too high, there is less demand, which in turn will pull the price low as it does not worth much in the market. This is known as corrective rally/retracement/pullback/retest) 3. The 21 (*faster moving) ema (*exponential moving average) crossover above the 50 (slower) ema. It is called the golden crossover.It is a buying signal often used by Smart Money (market mover, banks, big hedge fund manager, investment banks, financial institution.) The crossover happen on the break of the Pattern - Falling Wedge, further hinting that momentum might be changing at the moment.
MYX:BJFOODLong
by LearnFxJourney