DANCO - Analysis on price movementN wave with E & 3N target. Price need to breakout 52w High in order to achieve all target with high volume.
Open price just above Kijun Sen as a support and just above up Kumo. If price keep moving upward, the golden cross expected to occur.
Note:
Analysis for education purpose.
Trade at your own risk.
DANCO trade ideas
DANCO. Uptrend based on AlgoSignal StrategyThe current point exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
DANCO: Cumulative Volume around consolidation area- Nice risk and reward area.
- Volume profile accumulation as support.
- Probably completed 5 wave consolidation.
- Solid fundamental as backup with possible beneficiary of commodities trend hike.
Disclaimer:
For discussion and sharing purpose only. NOT entry recommendation. Trade at your own risk.
#TAYOR
DANCO - Pre Consolidation Breakout Pre Consolidation Breakout Setup.
NO INVESTMENT ADVICE IS PROVIDED
DISCLAIMER
Please consider your own interpretation of Opportunity & Risk. The author of this post strictly follows the Malaysian Security Commission ( SC ) Guidelines on the prohibition of Investment Advice by unlicensed parties. Any examples shall use historical charts without any recommendations and not to cause inducement to the public to take action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives. The author will never provide any investment or trading advice as the activity of giving investment advice is likely to be considered as a regulated activity under the Capital Markets and Services Act 2007 ( CMSA ). All posts made in Tradingview do not include any communications involving providing recommendations or opinions or includes any material, content or any statement which are likely to induce a person to take any action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives that is likely to be considered as “advising others concerning securities or derivatives”. The author will not recklessly make any statement, promise or forecast that is misleading, false or deceptive to induce or attempt to induce another person to deal in securities or derivatives. None of information posted in post can be used as investment decisions. Do not trade solely on the information posted. Trade at your own risk and judgement. A trader could potentially lose all money. Only risk capital that can be lost without jeopardizing ones financial security of lifestyle. Please seek licensed professional guidance if you plan to invest your capital seriously.
DANCO - the BEST EVER quarterly revenue and net profitThis makes us wonder what the fourth quarter results will be like, considering the company already did so well under challenging conditions. Based on notes to Bursa Malaysia, the management of Dancomech seem pretty confident with the company's ability to maintain this momentum. Management said that the good results were helped by MTL (the newly acquired 70%-owned subsidiary of the company) that immediately contributed positively to the Group, and will continue to do so moving forward, barring any unforeseen circumstances.
Notably reminder suggestion!
Limit Up 52WKS : 0.745
TP 30-50% : 0.725 - 0.795
SL -30%: drop down to 0.675
Dancomech might having a long.Due to pandemic Covid-19, the stocks are falling. And some they are only a few days falling. A short term target for buying Long Danco. Foresee target Danco will go to 0.385 - 0.395 region before back to 0.30 . If resistance is break consider a long target up to 0.45-0.455
This is just an analysis market and not a investment guide.
