EVERGRN - Analysis on price movementP wave, reached (E).
Entry on breakout turning point (C) and breakout 52w high to achieve target price.
Tenkan Sen as a nearest support.
Note:
1. Analysis for education purpose only.
2. Trade at your own risk.
EVERGRN trade ideas
evergrn LONG Support level risesThe support level of the purple red downward channel has risen
.
The four oscillation intervals are shown in the figure
EVERGRN buy signal based on MRV1 setup on 2 Jan 24 at RM0.320- The stop loss level is RM0.165, which limits the downside risk to around 10%.
- The target price is RM0.390. To maintain a risk/reward ratio of 1:2, you may choose to adjust this to 1:1.5 or 1:1 based on your preference.
- The time horizon is 2-3 months, as the signal is derived from the daily chart.
- This is a classic 1-2-3 breakout, creating a new higher high (HH) after a higher low (HL).
- The immediate resistance is at RM0.345 and the next resistance is at RM0.395.
- The support zone is at RM0.290
**Only for discussion purposes. Not a buy / sell call**
Finding good supportTheres no clear sign that the price not even have a signal of higher high.. to fly high.. lates update this show it on demand to be drop aslower as average price at the price of 0.300.. Wait until the prove oh support and the making of higher low to secure changing trend.
EVERGRN forming BOX Paternpossible bullish on short term
earning 26 May 2022
next Resistance 0.790
support 0.760
need strong volume to break resistance and continue bullish patern
VCP EVERGRNshows profits in last quarter.Price just break the horizontal line with higher than average volume
Head and Shoulder | Evergreen Fibreboard Bhdclear HNS pattern spotted weekly tf + breakout + rising weekly volume with candle = good sign
TEKNIKAL TRADING IDEA
1. for swing risk dah besar sngt, wait for weakening candle + volume = normal VPA
2. possible touch RM0.835, if lebih maybe extended wave
3. for intraday looks smaller tf 1H to find base = support wait for confirmation breakout, entry with mindset there are risk to loss not how much gain you will make.
FUNDAMENTAL TRADING IDEA
1. yearly and quarterly financial improve a lot
2. positive EPS
3. NTA increment along with profit = good sign
A Breakout Signal!A significant price movement with huge volume confirms the candlestick trend in the breakout signal where the candlestick body and volume are above the MA20 line.
The RSI indexes above 50, hence, a strong buying momentum.
MACD and OBV indicate a divergence signal with the possibility of a strong uptrend pattern because the MA20 line is above the MA50 line.
Let's save EVERGRN in the WL and watch out for significant price movement with volume towards the next price resistance.
R 0.580
S 0.525
Evergrn got potential to go higher?This stock got potential to go higher since it has been downward for many years.
Better wait until it breaks and maintain 0.555 with volume.
Collection phase is also almost finished.
Just beware your support gais :)
Good uptrend and strongRecent spike up even general market is not looking good. That indicate a strong counter.
Recent break out RM0.46 was another momentum.
Potential for further break out and all time high?
EVERGRN - How will it goes ?Swing trade.
Stands on EMA20 and horizontal support line.
Risk/Reward Ratio looks acceptable although not fantastic .
EVERGRN - To find Equilibrium Level of Trend ReversalEntry Strategy:
1) Expecting momentum continuation next week, and some retracement this week due to profit taking before ride up the trend again.
2) Two entry strategy i put up there and CL level - follow whichever suit with your trading strategy; momentum play, weekly trading or monthly investing
Chart:
1) Breaking up the EMA and long term downtrend channel.
2) Potential trend reversal seen - might make the stock technically sound.
I am nubis, i am non-premium members ..follow if you think this idea make sense..just sit back, relax and moke some money.
-Heil_Z-
# Are-snuff Traders Club
# Bilis Traders Group
EVERGRN (5101) Industrial Products & Services - Main MarketFind lower risk entry if it retrace later. As usual TP at fibonaci 4.236 (RM 0.670) and cut loss once it break fibonaci 0.0 (RM 0.370)
EVERGRN Buying opportunities or distribution?Why Buy?
1. Price test EMA100
2. Retest fibo retracement 61.8%
3. RSI test 40 level (Mark Up area) after a drop on 11 Jan 2021.
4. This counter is supported by multiple big boys.
Watch out for
1. RSI has tested 60 level multiple times (MarkDown area), if RSI close below level 40 there will be a chance for another spring down.
2. Recent quarter report not so good.
EVERGRN - Buyers-Dominated Sideways TrendPre 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.
<TradeVSA> Evergreen - Double NS in Weekly Chart Sign of strength in the chart:
1. NS in weekly chart
2. Re-accumulation
3. Pocket Pivot
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
