FOCUSP trade ideas
FOCUSP: Strong upsidePrice recently pushed higher with volume after a long pullback.
Pullback near to MA200 with low volume.
Using the point & figure chart, the target price can be in the region of RM1.40.
For the time being, price is hovering in the supply area after the strong move up last week.
Risk management is key because the nearest support areas are also quite far from here.
Can consider to buy now with a predetermined stop loss or stand by a stop limit order when prices break above the current consolidation.
#TAYOR
A Divergence Signal!Using the RSI indicator, the FOCUSP indicates a divergence signal whereas the MACD indicator indicates an early sign of a divergence signal. Both indicators indicate a divergence signal, therefore is a high possibility FOCUSP will be in an uptrend pattern.
OBV indicator also indicates a divergence signal and confirms the price movement with the candlestick crosses up the MA20 line. Hence an uptrend pattern.
Let save FOCUSP in WL and watch out for the price-volume momentum towards the next resistance of 0.690.
R 0.690
S 0.665
FOCUSP Fundamental is not strong as KPOWER (Leader) in this sector. This stock is related to KPOWER and ARTRONIQ (Source: isaham). TA shows that this stock is in uptrend. Recent huge pullback is maybe due to panic sell by retailers in relation to political crisis. This stock also follow Friday rule on 15/1/2021. If break uptrendline and resistance at RM 0.99 next week, this stock can go higher
FOCUSP: EXPECTING TO TEST RESISTANT PRICEMACD showing sign to the upside. From the ascending triangle chart pattern, I'm targeting it will go higher in the mid term to test the resistant price @ 0.495 /0.520.
Support: 0.390
R1:0.496
R2:0.520
For the safe strategy, I'm prefer to buy @ pullback/near support/breakout of current resistant price.
FOCUSP 24/06/2020*24 June Technical Idea*
Focus Point (Stock code: 0157)
we see that focus point downtrend was broke yesterday,it look like buy flow is coming, long bias
if share price can break 0.460 and maintain it increase the possibility to challenge next resistance 0.495 even 0.520, waiting the confirmation
if share price cannot sustain at 0.415 it will consider technical week and will test next support area.
*Risk: Moderate Risk*
*TP1: RM0.520*
*TP2: RM0.565*
*SL1: RM0.415*
*SL2: RM0.390*
*Risk Return Ratio:2.33x*
Strategy:
1)This was a limit trade to wait the momentum and buy flow come.
2)Value investor may accumulate at every new low prices or demand zone as long as fundamental remain.
EASY123 Prediction @MYX FOCUSPLife is simple...Trade with Simplicity!
*The Trend direction: UPTREND - as Higher-High & Higher Low was observed (Green background region).
*The price has break-up and stand above our lifeline (Redline) on 28-Apr.
*Bottom signal (Green-upward triangle) was sighted on 19-Mar.
*Numerous turning points (Purple-candle) have appeared, a strong indication of the price revert to upward direction.
*The accelerate signal (White-Diamond) was sighted on 31-Mar & 28-Apr, an indication of the strong buying momentum.
*A Yellow-candle + Alert Bell has appeared on 28-Apr, an indication of price potentially take-off.
Prediction: The current price pullback and supported after the breakup from our lifeline (Redline).
Once it breaks this immediate resistance R0.50 it will take-off to the next level.
*Otherwise, it will hover sideways within a range between 0.50 - 0.40
Preference Strategy: Swing trading (Follow the BUY/SELL Signal respectively).
Target Price: R1=0.55-58 & R2=0.63-68
Support/Cut Loss: S1=0.40 & S2=0.32
*Reminder TP & CL is an individual preference & decision. No fixed rule or guideline for it...Trade at your own risk.
Signal's Interpretation:
BUY Signal:-
*Green-Background = Indication of an Uptrend
*BT-Yellow-Diamond = Indication of Bottom signal.
*Green-Upward-Triangle = Indication of Hot-seller, potentially a Bottom signal.
*White-Diamond = Indication of a strong upward momentum accelerator.
*Purple-Candle = Indication of a strong turning point or a trend reversal.
*Yellow-Candle + Alert-Bell = Indication of Price take-off area.
SELL Signal:-
*Red-Background = Indication of a Downtrend.
*Red-Dot = Indication of Hot-buyer, potentially a Top signal.
*Blue-Candle = Indication of Price selling off area.
FOCUSP : Bermula Fasa Retracement?Kelihatan FOCUSP memasuki fasa retracement.
DIperkuatkan lagi dengan kelemahan harga itu sendiri.
Saya menjangkakan harga akan turun 0.550-0.600 kemudian akan naik semula ke paras 0.720.
Jika Retracement tidak berlaku, masuk dan terus tunggu di kotak TP1
P/S: nama username Telegram SantaiSaham yang ada sekarang bukan milik saya. telah diciplak dan diguna pakai oleh orang lain. sy akan buat semula telegram baru nanti. Saya bercadang untuk buka semula telegram tersebut (tutup sementara sebelum ni ), bila semak semula dah diguna pakai oleh orang lain. tak apalah, sy akan war warkan nama Telegram channel baru nnt.
<TradeVSA> Pullback Almost Complete in Focus PointStrength in the chart:
1. Strong background with mark-up stage
2. 2 Spring bars formed support
3. Wait for green pentagon buy signal for the potential trade
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
