HAILY - Y wave, target (E) within stipulated time. If price maintained above Tenkan sen with high momentum, there is a possibility to break 52w high and reach the target. R - 52w high S - Tenkan sen Note: 1. Analysis for education purpose only. 2. Trade at your own riskLongby mg61120
Haily Group Berhad (HAILY)Haily Group Berhad (HAILY) Trend: The stock is in a strong uptrend since March 2024. The price has been consistently making higher highs and higher lows. Moving Averages: The price is trading above both the short-term (likely 20-day) and long-term (likely 50-day) moving averages, indicating bullish momentum. Support and Resistance: The most recent high around 0.935 MYR serves as the immediate resistance. Support levels can be seen around 0.800 MYR and 0.720 MYR. Volume: There's been a significant increase in trading volume since June, suggesting strong interest in the stock. Price Action: The stock recently experienced a sharp pullback from its highs, which could be a healthy correction within the uptrend. Bollinger Bands: The price has been trading near the upper Bollinger Band, indicating strong momentum but also the possibility of being overbought. Relative Strength: The stock has shown considerable strength compared to its performance earlier in the year. Potential Patterns: There might be a small bull flag forming after the recent pullback, which could suggest a continuation of the uptrend if the price breaks above the flag. Overall, the technical indicators suggest a strong bullish trend, but the stock may be approaching overbought levels. Traders might watch for a potential consolidation or further pullback before considering new entries.Longby Sahrin0
HAILY IdeaDisclaimer: This is not a buy call but for learning purpose. Around support area.Longby OroticTraderUpdated 0
HAILYthe counter has been downtrend line for quite a long time. based on the trend setup and technical analysis, we can expect the counter to be reversal in the nearest time. trade at your own trading plan.Longby ZBA-ZAF0