FAJARBARU BUILDER GRP BHD
The price has bounced off the lower Bollinger Band, indicating the possibility of an oversold condition, and is now moving toward the middle band (likely the 20-day moving average).
Volume shows an uptick during this bounce, which is bullish, as it suggests that buyers are stepping in at this level.
Support: Around MYR0.380, where the price found a recent base.
Resistance: The immediate resistance seems to be around MYR0.420–MYR0.440 (the middle Bollinger Band and previous price action zone). Further resistance lies around MYR0.500 where the upper Bollinger Band currently resides.
Short-term bullish, with the potential for further upside as the price moves toward resistance levels.
Aggressive traders: May consider entering long positions near current levels, with a target around MYR0.440 and a stop loss below MYR0.380.
Conservative traders: May want to wait for a confirmed breakout above the 50-day SMA or middle Bollinger Band before entering a long position.
FAJAR trade ideas
FAJAROver 12 months, Fajarbaru Builder Group Bhd reported revenue of RM319m, which is a gain of 48%
Fajarbaru Builder Group Bhd has a total shareholder equity of MYR434.7M and total debt of MYR49.9M, which brings its debt-to-equity ratio to 11.5%
Fundamentally is still green
now price is retraced at new support
i personally choose to Long position for this counter.
FAJAR MENYINSING SEPIFAJARBUILDER is a construction and material supplier based in Kelana Jaya. Directors have been collecting since November at price RM 0.370 and 0.350.
The EWave is in downtrend mode since bullish during pandemic 2020 at 4th wave. it need to break the trendline with Breakout to start final wave 5 to RM 0.550.
A midterm target in 2022 would be once COVID 19 consider as Endemic and all restriction to construction and material supplier for workers limitation will be over. It some kind of a hope but TA is still in bullish mode.
Next target is between 0.500-0.550
<TradeVSA> Strong Accumulation Stocks to Focus ?Stocks to Focus:
1. GENM
2. OWG
3. MYNEWS
4. FAJAR
Trade Setup:
1. Strong background in weekly and daily chart
2. Price above 20/40ma in weekly chart
3. No major weakness
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
FAJAR - Pre Consolidation BreakoutPre 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.
FAJARBARU BUILDER GROUP TESTED THE 0.54 RESISTANCE LEVELFajarbaru Builder Group surged and tested the RM0.54 resistance level. I see a possibility for a another technical breakout.
If this happens, we expect it to move towards the short-term target prices of RM0.57 and RM0.615 .The downside support is projected at RM0.515.
Disclaimer: The content on this analysis is subject to personel references and used for informational purposes only.
FAJAR - ideas updateNote
- Today, I would like to give some ideas on entry.
- As usual day trade, buy small lot early at entry point. When price is going to retrace, add a 2nd buy entry or 3rd buy entry.
- Look at chart progress, if it still on correction, do wait the pullback entry. When its done the retracement (correction successful), start to look at impulsive incline area. Start to que for selling
- Assume the reversal should takes few days, I putting a long support as my SL area.
Suggestion!
- 0.55 (1st) / 20L
- 0.53 (2nd) / 30L
- 0.5 (3rd) / 40L
- Last average = 0.52 / 100L accumulate
- SL should below 0.52 (-2%. -4%)
- TP should more than last average (0.52)
FAJAR (20/11/2020) on strong upside biasFAJAR is riding uptrend channel since its lowest dip during start of MCO back in March-2020.
It is currently set to test resistance zone (0.45-0.46). Since its already on the impulse wave for quite a while, it could probably retrace to 32.8% @ 0.425 before continuing the upward momentum.
However, should it breakout the resistance 0.46, it could test next resistance at 0.495, 0.520 and 0.550.
We hope to see more volumes to push the stock price up higher. Banker chip is slowly increasing.
The stock has quite small balance float (46% of 373M shares) but still a bit higher than its closest competitor HOHUP (38% of 412M shares). This adds a bit of friction to its price movement.
TAYOR
Rebounce and continue long for swingThe price movement is moving swing with bounce higher ema.
The momentum also increasing back from long sideway and waiting to push higher.
Seller also reduce indicating the price ready to go up.
Need to remember, the is resistant at 0.425. if price can break and hold above it, that's is the best to enter the trade for low risk.
FAJAR: WILL IT BREAK THE RESISTANT?Fajar is an uptrend chart pattern. 3M showing potential to the upside. Can break the resistant provided the volume is supporting.
R2: 0.445
R1:0.385
S1:0.380
Monitor closely for a trading opportunity.
P/S: This is a personal view, not a buy call/sell signal. Trade at your own risk.
FajarBaru - Forming a Pullback Pattern?Strength in the chart:
1. Confirmation on accumulation
2. Up-Thrust with low volume
Send us your preference stock to review based on TradeVSA chart by comment at below.
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