Waiting for pullback There are reasonable trend indicator for rebound after pullback.
Trade at your own risk
GFM trade ideas
lancaustudy("Serangkai", overlay=true)
msr = input(title="MSR" , type=input.bool, defval=false)
milo = input(title="MILO", type=input.bool, defval=false)
m3 = input(title="3M", type=input.bool, defval=true)
sma10 = sma(close,10)
sma20 = sma(close,20)
sma50 = sma(close,50)
sma200 = sma(close,200)
msrbar = open= open and sma10 <= close and msr==true
barcolor(color=msrbar ? color.blue : na, show_last=3)
plot(msr ? sma10 : na, title="MA10", color=color.blue, transp=0, linewidth=2)
plot(milo ? sma50 : na, title="MA50_milo", color=color.orange, transp=0, linewidth=2)
plot(m3 ? sma50 : na, title="MA50", color=color.orange, transp=0, linewidth=2)
plot(m3 ? sma20 : na, title="MA20", color=color.green, transp=0, linewidth=2)
plot(m3 ? sma200 : na, title="MA200", color=color.red, transp=0, linewidth=2)
// ichimoku ///
GFM May 2024 : P-Profile , breakout 10WEMA
fixed range volume profile :
- P-Profile
- VP POC above and near 10WEMA
momentum :
- >70% move in 3 months
- followed by 2 month momentum pause ( consolidation )
- trailing EMA50
momentum pause :
- consolidation base 2 months
- supported by EMA21 / EMA50
- base formation on 10WEMA
- VCP during base formation
- accumulation volume pattern - drying volume , no unusual spikes
breakout :
- breakout on high volume
- breakout 10WEMA and VP POC
- breakout new 52-WH
GFM, Uptrend based on AlgoSignal StrategyThe current point exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
GFM BreakoutGfM breakout with volume.
A lot of big volume coming in.
Strong buying enter into the zone.
Anyhow stop loss is 7% if failed and otherwise its gonna hurt you 15-20% floating and to need to wait for rebound.
Hopefully buying momentum keep that high
Gfm nearly to Head & Shoulder pattern Gfm is an integrated facilities management & service provide company.
Back in November, GFM acquired the remaining shares in oil and gas (O&G) maintenance services provider Highbase Strategic Sdn Bhd. As at end-September, GFM had cash of RM93.83 million against short- and long-term borrowings of RM28.48 million and RM241.35 million. Net gearing stood at 99.7%, while retained earnings stood at RM93.83 million. Im its latest move, it is acquiring the entire stake in Era Gema Bina Sdn Bhd for RM23 million to expand into the highway rest and service area (RSA) business.
On chart pattern wise, a formation of head and shoulder is seem in developing.
On the bear side,
If its share price pullback from 0.255 to 0.215 (neckline) then, a head and shoulder pattern which is a bearish pattern will be complete. It may further goes into correction to Tp1: 0.170 or Tp2: 0.150.
On the neutral side,
If it can close at price 0.260 or above before the neckline retracement, the head and shoulder pattern shall become invalid. Thus it might do some consolidation to 0.205 or 0.190 and take some time before gaining some strength to rally to Tp1: 0.300, Tp2: 0.330 or Tp3: 0.350.
Disclaimer:
This is not a Buy / Sell call. This material is just for learning purposes only.
Consult with your financial advisor and trade at your own risk.
Bullish trend in GFM1. GFM price maintain above MA 100, MA 50, and MA 20 suggesting a bullish trend in the mid to long term.
2. Price has showed strong momentum relative to the index and big volume near support @19sen indicate price can sustain current trend momentum
GFM, watch out.Was gained over 40% since July.
>> Stochastic and RSI are OB. Protect the downside.
>> Buy liquidity showing at daily and weekly... Watch out!!!
Let see how it go.
When a stock / index has gone up substantially, we must be more care if we decide to get involve in it...
monitor closely and be agile....
we cannot PREDICT what definitely will happen ~ we can only RESPONSE to what we see!
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.
GFM - Tapak Jerung?On October 23, 2023, based on the EPRAF indicator, a "Tapak Jerung" (TJ) signal was seen. Let's monitor the direction of GFM after the appearance of TJ.
GFM - TA1. Price candle break out MA 200 on 15 Aug '23 give strong signal the price movement may change direction to bullish soon.
2. Price candle testing MA 200 on 12 May '23 to 14 Aug '23 to shake out weak retailers.
3. GC (Golden Cross) MA 50 & MA 20 happen on 15 Aug '23 is below MA 200 line. Price may PB to MA20/MA50 line to form accumulation area.
4. Price candle and MA 200+MA 50+MA 20 line not yet align, expected a PB will happen soon and price candle may move in accumulation area to get MA line align together.
5. Price candle need BO strong resistance (0.210-0.215) to gain upward momentum.
6. Propose EP area stated in this TA. All MA line need to align first before decide on EP.
7. EW count analysis stated in this TA including with sub-wave count. TP for sub-wave iii is on area Fibo 1.618 (0.270) and TP for main wave 3 is Fibo 1.618 (0.34)
GFM 28/09/202152WH
TP = as per TP01 Line
Support = as per Support Line
Stop Loss = as per Stop Loss Line
GFM RALLY ON EVERY QRFrom previously show that the trend spike after every QR came out.
My plan is to use the Butterfly pattern when the price has BO and exceeds the B level.
#TAYOR MYX:GFM
Is It an Uptrend Signal?Having a significant price movement makes the price closed above MA20 with significant volume confirm the price. It is a positive sign for GFM. MACD and OBV charts have not shown divergence signals yet. Put in your WL and watch out for divergence signals from MACD and OBV charts.
R 0.285
S 0.225
GFM 06/09/2021GFM 06/09/2021
Whale movement detected ready to Pump , Whale movement just past level 0.50.
Money Flow smoothly show increasing of accumulation from market maker
Accumulation phase regain momentum for another Spike to happen in next few days.
Is GFM breaking out from Falling Wedge?GFM had started to form Bullish Falling Wedge somewhere in early of May. The falling wedge's band had become narrowed.
As the final closed price is at peak of the band,
I anticipate that it will break out in the following day or it will make a final pullback before breakout eventually.
Currently, Macd had made a cross on 12 July and last closed price just touch MA20.
Disclaimer: This is NOT a Buy / Sell call. This is just for learning purpose only.
GFMGFM PP Journey
With illustrative pp price of 0.299 @ 0.30 it it seen that it the strong support for now support is not broken.
How can GFM PP journey fly high into the sky remains mysterious.
For education purpose.
Bullish ContinuationGFM has made a significant advances above a strong 10 -years DTL , however found resistance at 0.48 and made a return move to Support level at 0.31. We notice a buying momentum persist above the support area , hence upside movement could continue, immediate hurdles are at 0.37 (R1) and 0.445 (R2). Price movement above resistance at 0.48 could push the price higher to our Fibonacci target at 0.74. The entire correction could have ended as buy signal seen on daily Stochastic on oversold area.
Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only
