CENSOF trade ideas
CENSOF to continue uptrend?EMA 50 become a strong support area for CENSOF. I think there are buy opportunities before the price reverse back to continue the uptrend because looking to the historical action, the price tend to respect the ema50 and then reverse back to continue the trend. My target price if it continue to uptrend is 0.375(20%) and using the ATR indicator, i will set my stop loss at 0.28(9%). Not a buy call, just my analysis for the purpose of learning.
CENSOF BREAKOUT 52 WEEKS NEW HIGH WITH HIGH VOLUMEDAILY 16/2/2021 :
Breakout : 52 Weeks New High
Market Stage : Uptrend
EMA : Price >Ema 5 > Ema20 > Ema50 > Ema200
Breakout Volume : 4.8x times
Trading Breakout Value : Rm15,024,055
WEEKLY 16/2/2021 :
Breakout : 52 Weeks New High
Market Stage : Uptrend
EMA : Price >Ema5 > Ema20 > Ema50 > Ema200
Breakout Volume : 3x times
Trading Breakout Value : Rm25,608,950
An important development took place on 16 February 2021 where the price of CENSOF broke the resistance of 0.28. This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful breakout.
CENSOF - SAUCER PATTERNIt took around 3 years for this pattern to be form
If it breakout 0.290 price, your target price is 0.505 with return of 76%
But i expected it will retest the resistance many time before it will breakout as it is the strongest resistance.
Precaution should have been made if it retest the old resistance(RBS) and might form "handle" as cup and handle pattern
Please leave a comment and like if it helpful. Thank you
CENSOF 22 DISEMBER – POTENSI TERUSKAN KENAIKANSektor: Technology
Sub Sektor: Software
Status Indeks: Uptrend
Status Fundamental: -
Market stage: 2
Trading Plan:
Target Price 1 (TP1) - 0.295
Target Price 2 (TP2) - 0.315
Strong Support (SS) - 0.24
Cutloss (CL) - 0.23
Cadangan 'entry':
Harga sudah breakout dari resistant terdekat dengan high volume. Kemungkinan akan buat retracement di sekitar R4 dahulu sebelum buat kenaikan semula atau terus buat kenaikan ke R5.
Komen 1: CENSOF dalam keadaan uptrend dan telah breakout DTL dengan high volume.
Komen 2: Analisis moving average dapat dilihat MA20 dah cross atas MA50 (sign of uptrend).
Komen 3: MACD positive (biru atas merah). RSI & Stoch sudah berada di overbought. Masih ada kekuatan untuk teruskan lagi kenaikan.
Boleh ride the trend untuk short/medium swing.
** Penafian: Hanya untuk pembelajaran dan tujuan kajian sahaja. Tiada 'buy call' diberikan.
** Selamat berdagang!
CENSOF - Break Resistance 29/5/2020Analysis:
Based on graph shown, CENSOF tried to break resistance but it seems that it was not so strong as the volume small on the subsequent day
Trader need to hold first and follow the pattern
Fundamental Analysis of this company is not strong - please refer down:
EPS (cent): -0.04
Intrinsic Value: -0.324
ROE (%): -0.15
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Wallahua'lam (Allah knows Best!)
