D&O trade ideas
D&O testing 52wh1. D&O green technologies Bhd target price buy public invest research reach1.88. as label as outperform.
2. AS, electric vehicles (EVs) continue to make signicant footprints in the global market, looklike the group secured strong orders and will hit mass production for next 1.5 years.
3. Bullish engulfing cs shown that D&0 have potential to break 1.970, 52wH before break 2.00 and heading to 2.170. If reject, 1.970 then possible double top pattern and pullback first.
4. Monitor for rally. tayor
NOTES: MACD- MOMENTUM INDICATORMoving Average Convergence Divergence
Type of Indicator: Lagging Indicator
-Data used in MACD is based on the historical price action of the stock. Since it is based on historical data, it must necessarily “lag” the price.
Consist of 3 components
1) MACD Line FORMULA: EMA 12-EMA 26
2) Signal Line FORMULA: 9-day EMA of MACD Line
3) MACD Histogram: FORMULA: MACD LINE - SIGNAL LINE
Functions
1) Momentum indicator for Bullish or Bearish
2) Helps in determining long or short position
3) Entry ideas
TIPS (Must not be used as stand-alone Indicator)
-BUY: When MACD Line Cross over the Signal Line + Reversal Candle/ Pattern
-SELL: When Signal Line Cross over MACD Line + Reversal Candle/ Pattern
-READY: When the MACD Histogram does not show big changes, ready for incoming big momentum either bullish or bearish
Idea sourced from:
-Investopedia
-YouTube Rayner Teo: MACD Indicator Secrets: 3 Powerful Strategies to Profit in Bull & Bear Markets