CJCEN trade ideas
Break resistance 10 March 2023. Retest support. MACD Buy.1. Break resistance 10 March 2023.
2. Retest support.
3. MACD Buy.
4. TAYOR & Good luck!
CHEAT SETUP CJCENLatest quarter report shows an improvement of sales and profit.Currently price just breakout and rebounce back up of the horizontal line on higher volume.
CJCEN in BD formationCan try CJCEN in double-bottom neckline retest pattern and price has crossed up pivot point.
CJCEN poised for upsideCup forming.
Large upside.
Company buyback shares in January 2022.
Collaboration with Astro.
CJCEN@ 07 02 2022 - Forming Cup n Handle pattern, with strong resistance at 0.635, closing today with strong volume , what say you?
Backtest Trade 2.0: CJCENMake setup when have these policies:
1) extrapolate volume (than pocket pivot & 20MA line)
2) ADR = 4.274% > 3% =strong momentum
3) candle bullish
4) above 200EMA (blue color)
5) entry by refer to lower TF, as have upper wick
6) TP based on sign. Resistance zone
CJCEN IN ABC FORMATIONFrom 0.440 swing low on 1 July 2021 (Point A), the price rose to a 52-week high at 0.675 (Point B) on 19 November 2021. The price thereafter retraced to fibo618 at 0.530 on 29 November 2021 (Point C) and closed above EMA100. Thereafter, the price retested EMA100 and 0.550 yearly pivot on multiple occasions and crossed fibo50 at 0.560 on 24 December 2021. To enter a trade, the probable EP is 0.550 to retest a yearly support. The probable TP would be 0.630 yearly resistance (on touch-point) which is just above fibo236. The probable CL would be 0.510 which is below the most recent pivot point (i.e., 0.515 monthly support now), S1 and EMA200. This is not an investment call but for study and monitoring purposes only.
Less Active and propose to reviewthis counter has less active volume, propose to monitor unless there is a catalyst for this industrial
CJCEN CUP&HANDLE SETUPMy Plan as stated in chart.
On the chart, this price movement will look like a ‘Cup and Handle’.
The pattern can form across all time frames and can be used for intraday trading, short-term swing trading and as well as longer-term positions.
#TAYOR MYX:CJCEN
CJCENEntry Point support 0.51
Profit Target min 0.72
Stop Loss 0.485
#JerungDetector #DeepagiScreener
CJCEN- Probably next ENCORP BHDWe found out that CJCEN have similar chart pattern just like ENCORP BHD, and yet to have any strong interest from market.
After hitting bottom in March 2020 it reverse its share price downtrend until now.
Really steady uptrend, heavy volume traded on RM0.50
Volume profile distribution is natural.
Banker is getting upper hand in deciding price direction now.
As long as market sentiment keep steady, we expect rally even without any catalyst for this counter.
Entry: RM0.50~0.0.55
TP:RM0.70
Cut-loss RM0.45
Trading Idea CJCEN (12/4/2021) Trading Idea CJCEN (12/4/2021)
- Accumulation phase
- Buying opportunity in yellow zone (RM0.49 to RM0.51)
- Target: RM0.55
- Stoploss: Below RM0.465
Disclaimer: This trading idea is strictly intended for informational purposes only so please do your own analysis before making any investment decision.
Trading Idea CJCEN (12/4/2021) Trading Idea CJCEN (12/4/2021)
- Accumulation phase
- Buying opportunity in yellow zone (RM0.49 to RM0.51)
- Target: RM0.55
- Stoploss: Below RM0.465
Disclaimer: This trading idea is strictly intended for informational purposes only so please do your own analysis before making any investment decision.
CJCEN - Trade ideas for tomorrowTrade ideas for this counter.
Price breakout and wait for retracement in buy zone/green box for safe entry.
Happy Trading
Tayor.
CJCEN BREAKOUT 52 Weeks New High With High VolumeDAILY 15/2/2021 :
Breakout : 52 Weeks New High
Market Stage : Uptrend
EMA : Price > Ema20 > Ema50 > Ema200
Breakout Volume : 8x times
Trading Breakout Value : Rm9,744,580
WEEKLY 15/2/2021 :
Breakout : 52 Weeks New High
Market Stage : Uptrend
EMA : Price >Ema 5 > Ema20 > Ema50 > Ema200
Breakout Volume : 8x times
Trading Breakout Value : Rm1.5Million
CJCEN [6 November 2020] Buy On Dip in Support ZoneMYX:CJCEN
SWING: 2 DAYS TO 2 WEEKS
Breakout Downtrend Line
52 Weeks High Line
Fibbonaci Retracement
Candlestick Support & Resistant Zone
Trendline Support & Resistant
CJCEN [5 November 2020] Buy On Dip in Support ZoneMYX:CJCEN
SWING: 2 DAYS TO 2 WEEKS
Breakout Downtrend Line
52 Weeks High Line
Fibbonaci Retracement
Candlestick Support & Resistant Zone
Trendline Support & Resistant
