EITA, SR above....SR (Strong Resistance) above 0.835
>> MACD below 0 and still DC.
Other might take risk, I choose to skip until fulfil own setup. There are many ways to trade the market and make money. You don’t have to master them all. You just have to find your way.
Disclaimer: The mentioned stocks are based solely on personal opinions for educational and discussion purposes only. There are no buy or sell recommendations. Trading involves financial risk, and you are responsible for your own decisions. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the information contained herein.
EITA trade ideas
EITA TECHNICAL ANALYSISTechnical analysis for EITA Stock based on Trend Analysis, Chart Pattern and VPA
1) In Monthly TF
- Overall trend still maintaining the long term UTL and has break the mid-term DTL indicate the end of mark down phase.
- Current price candle trend had retracement and rebound below Fibonacci 0.786 area implies a new trend is establishing itself. Latest price candle trend rebound and moves higher with upper wick accompany by increases volume.
- Latest OCT 21 monthly candle shows a long candle with long upper wick accompany by high volume signal strong selling pressure still occur in the market.
2) In Weekly TF
- Overall trend still maintaining the long term UTL and break out the mid-term DTL indicate the end of mark down phase.
- Current price candle trend has rebound and moves higher accompany by decreases volume signal anomalies-lost of energy/momentum and price candle will unable to sustain move higher. Significance VAP in 1.00-1.05 area indicate this is strong selling pressure area-immediate resistance.
- Latest 1 NOV 21 Weekly candle show a Hammer candle with significant lower wick accompany by low volume-This is possibility Supply test candle with positive result-price may go higher to resistance area.
3) In Daily TF
- Overall trend still maintaining the immediate Support line and the possibility of Bullish Pennant to occur.
- Current daily price candle trend is retraced and move in short range accompany by low volume-congestion occur-possibly accumulation phase. Highest VAP in 1.005-1.015 area as strong resistance area.
- Latest 8 NOV 21 candle give a long bullish candle with short upper wick and long lower wick accompany by average volume indicate selling pressure still occur in the stock. If price moves higher will face more selling pressure. Price may move up and down within Pennant line to remove seller and build up the momentum.
EITA RSC BHD- 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...
EITA has been uptrend since 2012, its inception till May 2017...now, it is standing at a crossroad, RM1.23...lower support at RM1.00-1.10...and resistance at RM1.50-1.57, higher resistance at RM2.10...
current support : RM1.00-1.10
resistance : RM1.50-1.57...
higher resistance : RM2.10..
in overall, EITA is trading in a sideway, and possibly forming a huge “head-and-shoulder” pattern...the neckline is formed at RM1.10, if broken below this support, it shall retest its beginning price at RM0.68-0.70...
WARNING : this is juz a trading idea...trade at your own risk!
plz like and share...
EITA!!!! Tá tudo bem, cara?! .... como estasDisclaimers mode on
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