D&O [9 November 2020] Buy On Dip in Support ZoneMYX:D&O
SWING: 2 DAYS TO 2 WEEKS
Breakout Downtrend Line
52 Weeks High Line
Fibbonaci Retracement
Candlestick Support & Resistant Zone
Trendline Support & Resistant
D&O trade ideas
D&O - Waiting for buyerBuy on trendline support
Stochastic - Crossing
RSI - Above 50
Buy - 1.040
TP - 1.20
D&O - BullishStrong Bullish making new high.
Banker's chip > 75%
High volume and above Green Trend Ribbon
D&O, Dancing and Opera nowStill within its uptrend tunnel.
Set your support at 0.845.
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VCP good goodfrom my view ... this one look great... but need see how it goes tomorrow only can define good invest or not....
D&O 3107Flag breakout earlier and then retraced back. Uptrend line still intact.
Relook later if it retraces more for potential entry
EP: 0.830
D&O green tech - top 20 jewel series of malaysia stockstop 20 jewels frm a very popular local bank...
fundamental : I don't know...
technical : let's look at some price action...
D&O green tech has been in uptrend movement since 2012-2018...after reaching peak at RM1.00 in Oct 2018, it has been trading sideway with a lower-high formed at RM0.92, in early Jan 2020 this year...during “The Big Fall” in mid March this year, the strong support at RM0.49 still holds...the rebound come back to RM0.78... a possible bullish cypher pattern formation but need to hit RM0.865 as the C leg and moving back to kill zone ranging frm RM0.525 -0.565...again, it is too early to say...
current support : RM0.70-0.78
lower support : RM0.49-0.56
strong support : RM0.43-0.49
resistance : RM0.92-1.00
in overall, D&O is still trading in a sideway consolidation...
WARNING : this is juz a trading idea...trade at your own risk!
plz like and share...
D&O Green technologiesMy simple view for this counter. 3 drives formation found at sell zone which confluence with divergence using MACD.
Daily candle also show weakness - pattern hanging man.
Target sellers to push back price down until green zone before buy decision to be made.
D&O Ranging mode. 13% gain within the range.Completed the full Elliot Wave cycle.
Reach the previous ranging area.
Price expected to trade inside this range before a breakout.
D&O - Potential Pullback for Immediate SupportOpportunity and Risk
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D&O - Awaiting the reversal signFundamentally, D&O is a good electronic company to invest
Graph shows that there is a downtrend but we could expect a reversal sign to appear
Buy on Dip could be applied and trader must monitor the trend (still in uptrend and maintain)
Support line is not that far from the closing price
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Wallahua'lam (Allah knows best!)
