Cresndo Buy CallChart have developed double uptrend bar. PE = 2.7. MACA uptrend indicator. EBITDA is above positive level for QR and AR too.
CRESNDO trade ideas
WILL CRESCENDO CONT ITS MARK UP?This is a continuation from previous analysis of Crescendo (Refer Link Below)
As price Tightening Approaching the Creek, Supply seems to shrink.
All these occurs in the background of High /Huge Vol of Supply
PRobably this is An Absorption which is on going
(Hallmark of Absroption)
I am a bit concern with the Bar & its Vol on (Black Arrow) :
1/ 12 jun 24
2/ 28 Jun 24
- So far, demand still not showing interest overcoming these area
In view of that, i let the market to prove me wrong
Position initiated as attached
Pure Wycoff, Anything can happen
Crescendo: take profit @ 4.25?Crescendo is on an uptrend move with good buyer intact. Based on the technical and the current trend, i'm expecting it will move higher in the near term targetting 4.25 soon.
Trade @ you own risk (tayor!).
CRESENDO SWING TRADE SETUP1. Increased volume break out on 14 May 2024
2. Price pull back with decreasing volume to previous resistance together with 10 & 20 MA as support
Wait for price to break out with increase volume
WILL CRESNDO GOING FOR MARK UP?Nice Gap today with huge demand
-a typical JAC (Jump across the creek)
position intiated as attached
Absolute Pure Wyckoff
Decrescendo to a CrescendoCorporate Name : CRESCENDO CORPORATION BERHAD
Symbol & Code : CRESNDO (6718)
Board : MAIN
Shariah : Compliant
Sector : Property
Sub-Sector : Property
• Weekly: 20ma crosses 50ma, candles roam high above ma50, 20ma crosses 50ma
• Daily: long lower tail doji hovers over 20ma
• EP: 1.07-1.1
Cresendo Corporation BhdOh my if you are in this, is either thinking of exiting now or pray hard it can move to 1.04.
This look like a crash waiting to happen.
