Trading Idea HOHUP (24/02/2021)Trading Idea HOHUP (24/02/2021)
- Bullish trend (above EMA50).
- Entry within the yellow zone (T2/T3).
- Target and stop-loss as drawn (fibo).
Disclaimer: This trading idea is strictly intended for informational purposes only so please do your own analysis before making any investment decision.
HOHUP trade ideas
HOHUP - what’s next breakout cup and handle pattern?After breakout from cup and handle pattern, it will be testing immediate resistance 0.525. It will probably gap up in next few candle and consolidate in a flag towards neckline 0.480. Good entry is to wait for pullback around neckline area (confirmed by reversal candle).
MACD+RSI+MCDX still showing good momentum for continued breakout tomorrow, but we will let market to decide that.
Resistance 0.525, 0.555, 0.600
Support 0.480, 0.455
Speed: Fast with 156M shares float (38% of 412M shares)
Sentimen: Economic recovery, window dressing
TAYOR
<TradeVSA> Daily Stock Review and Update - 28 May 20191. FTSE Bursa Malaysia KLCI
2. FTSE Bursa Malaysia Small Cap
3. Hang Seng Futures
4. FCPO
5. Public Bank
6. Hume
7. Econpile
8. Gadang
9. Unimech
10. CCK
11. MFlour
12. SCH
13. Frontken
14. Inari
15. Bermaz
16. PCCS
17. Ranhill
18. Jaks
19. Jaycorp
20. Dnonce
21. Aeon
22. Hibiscus
23. AirAsia Group
24. Hibiscus
25. Advancecon
26. OKA
27. KNM
28. Duopharma
29. Ho Hup
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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
<TradeVSA> Potential Pullback Trade in Ho HupStrength in the chart:
1. Mark-up stage
2. Low volume downbar
3. Narrow spread bar low volume at previous resistance
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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
<TradeVSA> Pullback with No Supply in Ho HupStrength in the chart:
1. Breakout with pullback
2. Confirmation of No Supply
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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
Quick trade for Range Trading (Ho Hup; 5169.kl)Stock code: 5169
Stock name: Ho Hup Construction Company
Screener: 18LC for 29 Mar 2019
Observation date: 31 Mar 2019
Observation:
a) Price & Volume:
- Price: Mixed w/ wide spread mostly on upbar.
- Volume: High vol on upbar.
b) Market Stage:
- Price is still in Accumulation stage (S1).
c) Trend Line:
- Price is moving within a Trading Range since Mar'18.
- Before this, it tried to break Resistance Line (end Jul'18) but failed. This is due to alot of sellers (Supply) in the market as we can see from the ultra high vol.
- It then went down to the Support Line to 'washout' weak hand holders before moving back up into the Trading Range.
Remarks:
- We can see that there is still supply with the recent ultra high vol on 29 Mar'19.
- Price may make another attempt to wash and test supply before breaking the Resistance Line.
- In the meantime, traders can make quick profit can be made through short term trading (provided setup is good).
