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CABNET HOLDINGS BERHADCABNET HOLDINGS BERHADCABNET HOLDINGS BERHAD

CABNET HOLDINGS BERHAD

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CABNET trade ideas

CABNET - Looking for strong bullish momentumN wave with E, V, N & NT projection. The price is above the Kumo suggesting a shift in momentum towards bullishness. NT level (0.470) acts as immediate resistance. A breakout above NT level with a strong volume confirming a potential bullish momentum. The Kumo is green, suggesting that the future trend may continue to be bullish if the price closes above the Kumo. Enter a long position at 0.430 if the price holds above this level with bullish candlestick. Set a stop-loss at 0.400, just below the immediate support and recent lows, to manage risk effectively. Note: 1. Analysis for education purposes only. 2. Trade at your own risk.
MYX:CABNETLong
by mg6112
CABINET HOLDINGS BERHADCabnet Holdings Berhad Trend: The overall trend appears bearish in the medium term, with the stock price declining from highs around 0.80 MYR to current levels around 0.55 MYR. Moving Averages: The price is currently below both the short-term (likely 20-day) and long-term (likely 50-day) moving averages, indicating bearish sentiment. However, the price has recently crossed above the short-term MA, which could signal a potential reversal. Support and Resistance: A key support level appears to be around 0.48 MYR, which the price recently bounced off. Resistance levels can be seen around 0.60 MYR and 0.72 MYR. Volume: Trading volume has been relatively low recently, with some spikes coinciding with price movements. Bollinger Bands: The price recently touched the lower Bollinger Band and has started moving back towards the middle band, suggesting a potential short-term bullish move. Recent Price Action: There's a small bullish candle forming, with a "buy" indicator visible, suggesting a possible short-term upward movement. Indicators: While not all indicators are visible, the price action suggests oversold conditions may have been reached, prompting a potential bounce. Chart Patterns: There's a possible double bottom formation around the 0.48 MYR level, which could indicate a trend reversal if confirmed. Overall, while the medium-term trend is bearish, there are some short-term bullish signals that traders might consider. However, it's crucial to combine this technical analysis with fundamental analysis and risk management strategies before making any trading decisions.
MYX:CABNETLong
by Sahrin
Short-term view on CABNET BERHAD Heavy collection done at price range RM0.25 for almost a year. Break our RM0.30 recently and able to hold firm above RM0.35 Break out RM0.30 with increased volume suggesting that big boy really committed to this counter. RM0.35 hold firm for 4 days even though weak market sentiment. Price tried to break through RM0.40 but failed on 23/06/2021, however price still maintained above RM0.35(another T2 done) MA9 above MA20 (uptrend) Banker Chips piling up Heavy support on RM0.35~RM0.37 Investors with higher risk tolerance may start to piling up some chips before the price skyrocket to the moon.
MYX:CABNETLong
by GoldenTurtle