D&O trade ideas
POSSIBLE 100% MOVEMENTThis stock currently on clear uptrend. Now making a pattern called bullish pennant. Price now at 0.5 - 0.618 fibbonaci level from starting price that make them move aggressively upward. Target now at RM6.00 with suitable risk reward ratio. Drop below fibbonaci level could be failed setup
2k|nvest D&O Trend from June until nowIf you have recently bought D&O but sold during Aug'21, please complete read this ideas.
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*Portfolio Growth need to see total portfolio Growth, not just one or two counters.
*Portfolio Growth need to see yearly total portfolio Growth, not just one or two weeks.
Rather than everyday buy & sell, why not select the good FA stock & entry technically using 2K Basic Pointers?
Share price to rise, need time.
Share price to rise, need good QR.
Share price to rise, need future earning growth story.
Investor need to earn, need a trading plan.
Investor need to earn, need patient to hold.
Chart shows from June21 that we start to hold, Point A to Point B (high point) and drop to Point C (low point)
How do you judge?
Investors or traders mindset will decide whether you can hold until Today (Now) or exit at Point C
May retrace to Correction wave C at Fib 0.618This is good to monitor.
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D&O ( A Possible New All Time High ? )D&O Green Technologies
The strong resistance appears to be at RM5 on the weekly chart. If RM5 is broken, D&O pricing is expected to rise much further. Furthermore, the present D&O chart pattern is an ascending triangle. The ascending triangle is a pattern that continues upwards. Nasdaq's global index has been breaking out 14000 level since June 23, 2021. As a result, I predict the technology stock in the local market will follow the Nasdaq too.
Target Profit : RM6.18
Support : RM5 Resistance Become Support (RBS) * If Breakout
Target Time Frame: (2-3 Weeks)
Potential Gains: 20%
*Disclaimer:
i) I'm not a financial advisor, all my sharing is for educational purpose only.
ii)Please consult with your financial advisor and seek for advise before buy and sell.
D&O should be scaling new heights (TA perspective)MYX:D&O
D&O has completed its 2 week correction and was strongly supported by its EMA42 (Red) trendline.
For the past week, its price has also been elevated and sustained above the EMA18(Green) line and closed at the high of 4.25. This strongly suggests a continuation of the bullish momentum next week.
Important indicators:
MACD - Converging and a golden cross may materialise. (BUY signal)
RSI - Elevated but remains below 80. Suggests strong buying momentum with low concerns of overbuying. (BUY signal)
EMA - Price closed above both mid term and short term EMA lines. (BUY signal)
Important price levels:
Resistances - R1 = 4.60
Supports - S1 = 4.25, S2 = 4.00, S3 = 3.80, S4 = 3.60
Prices along the uptrend channel boundaries should also be considered.
Possible movement for the coming week, ceterus paribus.
A test of R1 = 4.60 for a potential breakout.
A retest of S1 = 4.15-4.25 if breakout fails.
A slide below S2 = 4.00 should raise alarms and any buy decisions should be held off until clearer signals emerge.
A potential long entry would be near the supports or during the RETEST of the breakout price. The latter bearing higher risks.
This is not a buy/sell call, the final decision to buy/sell is yours.