Long after breaout 2.30Semiconductor industry which will benefit from the trade war between US and China.
RSI indicator showing a pickup.Therefore, buy on above RM2.30 (Breakout), Cut Loss Set RM2.15.
Trade on your own risk.
INARI trade ideas
inari revisited 1/9/18Frankly, i cant tell much by Gann Analysis on where about the trace of the price.
i guess, we will see as it happen.
anyway, the retracement is now at 0.5 Gann line which price shud react.
Gann Fan and Gann Box on Inari (Bursa Malaysia)First initial pivot point was chosen at the price 1.585 coz it was the significant starting cycle. I use RSI to represent cycle. In pricipal,Gann lovers use stochastic to denote cycle.
The last Gann box overlap, to represent uptrending and pullback. We can see in last greenbox, price reacted ant 1/1 line. and retrace to 50% which follow Gann theory that says, price always retrace on 1/3 or 2/3 but most of the time on 1/2.
From Gann, we can predict that price will bounce on 0.5 Gann line (last red box). Expectedly, it will comeback and catchup the trending 1/1 line on last green box.
we can expect a price reaction on 24 August and 3 september.
Expectedly, it will exit the last redbox at price 2.56 and continue uptrend to exit last greenbox somewhere around 10 september at price around 2.83.
Bullish momentum for INARIINARI Amerton currently traded above kumo cloud which indicates a bullish sign. Tenkan sen above Kijun sen also indicates a bullish sign. Chikou span is above kumo cloud which give an indication for a bullish momentum. Resistance for INARI is RM 2.53 while the support is RM 2.3 and RM 2.
INARI - Short Term Rebound/ Not Out of Wood YetLaburlah Technical Coverage (25-APR, Wednesday):
INARI
Technical Analysis Breakdown
1. Trend (Short): Technical rebound
2. Trend (Medium): Still down
3. RSI: Reversal
4. Stochastic: Bullish cross
5. Immediate resistance: Middle BB
Disclaimer: The abovementioned is purely for sharing purpose, you should seek advice from relevant personnel and do your own analysis before making your move.
INARI 0166 IS BEARISH Price is obviously bearish to me in terms of PA and strength wise. As long as price is below 3.3 level it will maintain it bearishness.
Current level 2.9 will slow things down BUT if it breaks the next level will be 2.3
Trade safe.
