EKOVEST trade ideas
trendline breakout. Time to make new fresh uptrend I have drawn a downtrend trend line. I think that this trendline has broken because there is a price that has crossed above this trendline. even if it's just a shadow breakout, it's still considered a breakout by me. so, we can take the opportunity to buy, and if the price has a stop loss, that's okay. trade at your own risk.
Ekovest possible BO?Looking for support at EMA 7.
Need to break tow mini downtrend line (pink) in order to challenge higher price.
>> pending Bo trendline
>> still is OB counter (which I like most).
>> Best price above 545 as now Hull MA still red.
Monitor how the market react.
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein.
EKOVEST May Go UpBased on the chart, today's price close lower than last friday but the volume still lower than last friday's volume. Moreover, stochRSI shows a crossover at 20% level and the OBV still in uptrend. This shows that the stocks has a potential to go higher. Furthermore, the there is a good sentiment for this stock because, the company has involved in Johor project.
A Positive Trend Towards Peak Price!The result in continuous high volumes where exceeding the MA20 line was due to efforts in price. This is aligned with the candlestick pattern where the price attempted to break out R2 price before the price closed at the R1 price.
The MACD and RSI indicate a positive outlook where not showing indicators to back off from the uptrend pattern.
The parallel channel provides a guideline where the price is within the limit of the control channel. In case the price closed below the parallel channel. Then the S1 will be the support limit.
R 0.420, 0.430
S 0.355
A Strong Uptrend Pattern!The daily and weekly candlesticks indicate a positive trend. Hence, a strong uptrend pattern backed by large volume confirms the uptrend movement towards the price resistance R1.
MACD indicates a positive outlook, hence, confirming the price uptrend.
Precaution for a price correction between 5%-10% from the recent price with a minimum volume being transacted.
Let's save EKOVEST in WL and watch out for significant price movement after the price correction towards R2.
R 0.435, 0.490
S 0.365
Ekovest Major Support and Resistance ChartPersonally, what I learnt is there must be a Technical Analysis Strategic Plan in order to increase the risk-to-ratios favourable risks.
1. Draw Support & Resistance
2. Identify the stages (Accumulation, Advancing, Distribution, Declining)
3. Entry Triggers
4. Stop Loss
5. Exits
I have learnt during my past mistakes that we should let the stock price comes to us, rather than us chasing the stock prices!
Ekovest Major Support and Resistance ChartTechnical Analysis
Personally, what I learnt is there must be a Technical Analysis Strategic Plan in order to increase the risk-to-ratios favourable risks.
1. Draw Support & Resistance
2. Identify the stages (Accumulation, Advancing, Distribution, Declining)
3. Entry Triggers
4. Stop Loss
5. Exits
I have learnt during my past mistakes that we should let the stock price comes to us, rather than us chasing the stock prices!
EASY123 Prediction @MYX EKOVESTPrediction: Revert Head & Shoulder Pattern. (Rally when it breaks 0.570)
Target Price: R1=0.63-0.66, R2=0.73-0.77
Support/Cut Loss: S1=0.525, S2=0.495
*Trend direction: Revert H&S pattern. Bottom trend reversal - Rally when breaks 0.570
*Yellow-Diamond( BT ) has appeared on 03-Nov, an indication of the bottom.
*Price breaks, stand above on 30-Nov & supported by our Lifeline (Redline), an indication of an uptrend.
*Candle has turned from Red to Blue color on 06-Nov, an indication of Uptrend reversal.
*Power volume (Red volume ) appeared on 03-Dec, an indication of the presence of big players.
*Disclaimer: This is not a Buy or Sell suggestion but solely sharing the information...Trade at your own risk.
*Preference Strategy: Swing trading (Follow the BUY/SELL Signal respectively).
*Reminder TP & CL is an individual preference & decision. No fixed rule or guideline for it.
*If you have any interest in the signal template, feel free to drop us a message.
Signal's Interpretation:
BUY Signal:-
*BT-Yellow-Diamond = Bottom reversal signal.
*Green-Upward-Triangle = Potentially a Bottom signal.
*Blue-Candle = Market at Uptrend sentiment.
*Candle color changed from RED to BLUE & Candle stand above the lifeline (Redline).
SELL Signal:-
*Red-Dot = Potentially a Top signal.
*Yellow-Dot = Potentially a Top signal.
*Red-Candle = Market at Downtrend sentiment.
*Candle color changed from BLUE to RED.
Ekovest possible challenge previous resistant 0.635 - 0.75Ekovest is at the bottom of the uptrend tunnel,
we can enter at this level and aim for the previous resistance around 0.635.
Risk reward Ratio = 1 : 3
First TP RM0.635
If it breaks 0.635, it might go up higher to 0.75
Cut loss at 0.515 / 0.49
Like my works? Please hit the Like and Follow button :)
