BURSA trade ideas
Bursa, potential Buy based on AlgoSignal StrategyThe current price exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
POSITIONAL TRADER.. SWING BUYI have drawn two downtrend trendlines, which are early and latest downtrend trendlines. These two trendlines have been broken. So, I see that the potential downtrend is over. Now, I look for the beginning of an uptrend. I have identified an uptrend structure where there are points LOW (L), HIGH (H), and HIGHER LOW (HL). However, the price still does not make a new higher high point. We need to wait for the price to pass the H level, and make HH, as if the uptrend signal has started.
BURSA 24 FEB 2023UP, KEEP
(Disclaimer: for demonstrate own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk)
Bursa, triangle pattern breakoutAfter two support point formed above EMA50, the price starting to surge high, where I will set my Target price at RM7.500.
With my risk controlled within 5%, I can set my stop loss at RM6.600. A good fundamental counter with technical analysis signal show up, I will see this as a worth to try trade.
Feel free to express your ideas and thoughts in the comment section. Give me a LIKE and share it to your friends if you like my sharing.
Bursa probably not “bottom” yet. 4/Nov/22.Bursa probably “bottom” @ 5.320 +/- or 5.00 ( major trend line ). 5.320 is confluence zone of : 1) POC of volume Profile 2) Median Line of channel 3) Monthly Demand Zone.
Support team group beyondSupport all bank customers. Because of the epidemic, many people are unable to pay interest. Then we support the bank’s December interest to reduce the burden on the people.
BURSA possible ONLY done correction at ≈ RM6. 2/11/21 BURSA price breaking previous low, price might down to around RM6.00 before completing its correction. RM6.00 is the :- 1) Next "peak" of Market Profile 2) The Lower Trend line ( Red) of parallel channel 3) Next Major Demand Zone
BURSA Short Term View. Maybe double bottom. 21/9/21BURSA price near to previous low at major demand zone. Probably forming a double bottom ...
BURSA Long Term View. 21/9/21BURSA probably now moving up to wave b (green) of the running flat (a)(b)(c)(yellow) pattern. Whereby wave b (green) could reach at around RM20.00 on upper trend line of a parallel channel (Cyan/Blue)...
Trend Rider 231. Weekly uptrend EMA 10> EMA 30 > EMA 200. Start to make WAve 1 after correction?
2. H4 now in Wave 4, where reversal signal (hammer then bullish candle) spotted at 0.382 Fibo level. Also an RBS.
3. Isaham score 13.3 WAFV RM8.84, i3 ATP RM10.03
Bursa Falling KnifeHistorically we have seen technical rebound when :
1. Price is at lower Bollinger Band
2. RSI 3 dips below 10
3. MCDX indicator red bar touches 0
4. MCDX indicator green bar touches 10
All this combined indicates stock is oversold and likely to rebound.
Note :
EPF steady buying the past month.
QR is expected end of April.
TAYOR
Bursa MalaysiaBreakout with high trading volume while price in consolidation sideways.
Country currently under lock down MCO; price may have further upside with more people trading on Bursa while staying home.
Company announce Dividend of MYR0.26 and special Dividend of MYR0.08 (ex-date 19/02/2021).
Trade with caution as always and look forward to your opinions.
BursaMYX:BURSA
Inverse HnS
Slow Turtle Buy(B) use for BOB
FiFT +ve recharge
MCDX+ Spike +ve
SL: Below 8
this counter is in consolidate mode consolidate mode since Sept ( 45 mth) waiting breaks out. it is a good fundamental stock. Wait release QR see any further wash down
BURSA VCP DEVELOPMENT COMPLETED??Last month i do share an article about Bursa volatility contraction pattern development. Not a successful break last month and continue to develop.
Seem like attempt to break again today.
C1: ~28%
C2: ~10%
C3: ~3%
Immediate support: 8 (7% risk)
Disclaimer: Buy at your own risk, article just for technical pattern sharing purpose.
BURSA VCP DEVELOPMENTBursa Malaysia is developing volatility contraction pattern at contraction less than 5%.
Entire pattern has developed for 138 days.
C1: ~29%
C2: ~8%
C3: ~4%
7th Dec 2020 huge candle with large volume is a good support. and it is forming a pivot point now.
With the current entry price, the next support will be at 8.18 which risk only at ~5.75%.
Disclaimer:
This post is just a sharing on chart pattern. If you would like to invest, kindly seek advise from certified financial advisor.
BURSA - SHORT TERM REBOUND LONG IDEAS:
1. Short term rebound
2. Bankers collection started
3. Target to reach 10.50 and above. A 20% upside.
BURSA possible upside RM10++Bursa previously has retested 2 times at RM 7.8, but failed to break lower.
Hence we can take that as a strong supporting zone.
And looking at the momentum, selling momentum is changing to buying.
Looking forward to retest the previous resistant Rm10.20+
Risk and reward 1.8 : 0.8
And coming QR is promising!
