CYPARK, possible for short-term trade?It's closing 0.865 and forming hammer ?
Can try for short term trade?
>> still OS counter ATM.
>> Price above Hull MA but it's still red, must be careful.
Those BOD (Buy on dip) traders might take risk, but personally prefer OB counters.
Just monitor how the market react.
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein.
CYPARK trade ideas
CYPARK, potential strength after dipIn the ongoing back-test, the signal appears to indicate a potential buying opportunity in close proximity to the 50-day Exponential Moving Average (EMA50). This suggests that the current price might be favorable for initiating a purchase, according to the predefined trading strategy being tested.
CYPARK, buy strength after dips1. The price's consistent position above the MA50 during a period of consolidation indicates a notable uptrend.
2.Upward trajectory of the MA200 further supports the indication of sustained bullish momentum.
3. Given the price's ability to stay above the established support level, there is possibly leading to a new high
CYPARK - Tapak Jerung Signal 31st Oct 2023, the stock is in the uptrend phase and has made an increase. Then the price sideways for a few days. On 2nd and 3rd Nov 2023 Sharks appear (yellow bars). The appearance of Sharks during the sideways price is a signal to the door "TAPAK JERUNG" in the EPRAF indicator. Let's watch the action of CYPARK next week.
CYPARK Formed a Bullish Pattern on Weekly ChartBased on weekly chart, CYPARK formed a bullish harami pattern with volume. In addition, the pattern is formed just above MA50 (support level) and there is a potential that the stock may rebound from the oversold region. Meanwhile, on day chart, the price rebound from MA200 (support level) after consolidate at that level for 5 days. This shows that the support is strong enough to prevent the price from going down further. So, I think CYPARK have possibility to start moving higher soon.
A Strong Uptrend Pattern!A significant price movement from the previous trading due to intrigue buyers backed by a high volume. Hence, the candlestick body closed above the MA50 line. This indicates a strong buying interest in CYPARK from the previous candlestick pattern toward the uptrend pattern.
MACD and OBV indicate a divergence pattern, hence, supporting the pricing uptrend towards the next price resistance.
The RSI indicators are not yet exceeded indexer 70, therefore, low probability of changes in trend reversal due to overbought or overvalued.
The Price of Control (PoC) is 0.42 and above the VWAP line which is possibly a long position trading strategy.
Let's save CYPARK in WL and watch out price movement towards the MA90 line as the next resistance price.
R 0.460
S 0.385
Cypark. It’s not easy to catch “a falling knife”..26/May/221)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
Disclaimer
CYPARK IN HARMONIC PATTERNCYPARK spotted retesting the ABC corrective zone of Elliott Wave's pattern as well has crossing up fibo886 of the bat harmonic pattern. In-between Wave 1 to Wave 5 of Elliott's Wave, the price retraced to fibo786 and rebounded, and is expected to TP at fibo786. This TP area corresponds to fibo886 extension of the bat harmonic pattern.
<TradeVSA> Weak Market with Gap DownSign of Weakness in the chart:
1. Red Pentagon bearish signal in KLCI
2. Downbar high volume
3. Gap down below support
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
<TradeVSA> CYPARK - Double NS with ReversalSign of Strength in the chart:
1. Reversal with high volume
2. Successful test with NS signal
3. Above 20/40ma
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
