EVERGREEN 87 days VCP SetupEVERGREEN has developed 87 days VCP.
C1: 33%
C2: 15%
C3: 14%
C4: 5%
Will it breakout soon?
QR yet to release...
Disclaimer:
The content provided is my personal experience sharing through technical and fundamental analysis point of view. The content can only be used for education purposes and NOT any recommendation for buying or selling stock. Please ask your remiser/dealer for making decision. Trade at Your Own Risk.
EVERGRN trade ideas
EVERGREEN 04 FEB 2021Chart 1hr
Price BO short term down trendline
Volume increase following uptrend price movement
Immediate resistance 0.415 followed by 0.425 and 0.445
BB BO day 6
RSI sloping uptrend and nearly reach overbought
Daily Chart
Bullish candle price BO MA20
Volume increase but below MA50
MACD cross T1 but below 0 line
Buy rate overall 64% and 75% for 1000 lot
Penafiaan: Ini hanyalah trading idea untuk kegunaan sendiri. Tiada buycall. Segala keputusan adalah ditangan anda sendiri.
EVERGREEN : Breakout of accumulation and beginning of an uptrendWith the recent coverage by Hong Leong IB giving fundamental TP at RM0.65 , we did some study on technical point of view using Wyckoff analysis and Elliot wave. The price has moved beyond the established R line and retrace on the RBS forming. By looking at the volume , we are biased towards the conclusion that the price is showing sign of strength (SOS) , and has recently formed LPS. Our forecast is that the price will continue its upward momentum forming Wave 3 at TP RM0.620 and Wave 5 at TP RM0.685. TAYOR
(5101) EVERGRN (Furniture Stock)(5101) EVERGRN
- Newly formed uptrend stock.
- Sideways current price action movement.
- Buy price range can be set up within its sideways movement range.
- Sideways resistant at RM0.290.
- Sideways support at RM0.255.
- A break down below sideways support = execute stop loss.
- Price action need to see price of EVERGRN to breakout of its RM0.290 sideways resistant.
- Crucial Midpoint to break at RM0.305.
- Target Price Range to be set after price action is able to overcome above its Midpoint.