ECOMATE trade ideas
ECOMATEPros:
-RS up-trending: KLCI LL, ECOMATE HL
-Weekly: Many up days, only one distribution day
-Price contraction
Cons:
-Volume not so good
-Market not favor BO stocks
Conclusion: Pilot buy/watch only.
2-1-22 Ecomate (0239) Dont Buy This Is Amateur Analyst And Trade At Your Own Risk !
Breakout DTL - Waiting Confirmation At 515 To Break
TF 1H
Uptrend
MACD-Cross
Upper 20/50/100/200 Ma
RSI Bullish Divigence
Stoc Cross-Buy Signal
TF 1D
Hammer At 30 Dec 2021- Reversal Signal
Got Volume
Marubozu Candlestick At 31 Dec 2021-
Rsi Bullish Divigence
Stock Cross - Buy Signal
TP 0.560
EP 0.520 For Confirmation Uptrend
CL 0.500
Ecomate-Just a plain estimationI am using the fractal from CEKD to estimate how far this new IPO can rebounced after a heavy sell down on the first day of listing. No call buy. Tayor.
