JETSON trade ideas
Jetson - way to south?Obvious sign that operator dumping it. Pity those bought penthouse 0435.
Can it back to 0345? Maybe... But hard. It's a staircase to south ATM.
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.
Jetson: breakout downtrendline#JETSON (CASE STUDY)
BO 20Dayd + Downtrendline with huge volume
Price sustains above demand 0.185-0.19.
TP1 : previous H 0.275-0.285.
Today's candle as mother candle, immediate support 0.22.
Lets monitor closely!
Risk: penny counter
*Personal opinion trade at your own risk*
A Breakout Signal!The candlestick indicates a breakout signal when the price closed above the MA20 and MA50 lines. Hence, a strong uptrend signal with volume backed the significant price movement.
The MACD is in a divergence signal and hence aligns with the significant price movement toward the next price resistance.
The RSI oscillator indicates a buying interest in JETSON hence pushing the price to its recent peak price.
Let's save JETSON in WL and watch out for the price hit the next resistance price.
R 0.245
S 0.190
JETSON spotted rebounding at fibo786Can try a long position on JETSON as it appears to have rebounded from fibo786 in a weekly chart. As per proposed trade plan, the retracement EP is 0245 and the target profit (TP) is 0345, which is a yearly resistance just below fibo618. CL is below fibo786 at 0220.
Kumpulan Jetson Bhd
Kumpulan Jetson Bhd were actively traded in early trade with over 107 million shares done, making it the most active stock on Bursa Malaysia.
The counter surged 35.04%, or 20.5 sen to 79 sen, its highest since March 2014. Year-to-date, it has risen some 216%.Kumpulan Jetson has not made any corporate announcements recently. Its last announcement on Bursa Malaysia was on its financial results on May 19.In the first quarter ended March 31, Kumpulan Jetson’s net loss narrowed to RM126,000 from RM1.67mil in the same period last year.Its revenue for the quarter rose 39% to RM49.08mil from RM35.26mil a year ago, mainly due to an increase in revenue from the manufacturing division.
This counter has Formed the ascending triangle pattern.
Support:-0.240,0.230
Can be good option for short term buying
Jetson is coming back? On January 6, 2022 there was a candlestick that broke the red line. Based on the EPRAF indicator, we call it CCM. CCM is an early sign of the uptrend phase. It is an excellent time if the next candlestick after CCM can break the highest price CCM. If this happens, it is the beginning of a journey into the uptrend phase.
JetsonThis stock with momentum is generated using a FIFO B signal with a build-up in trading volume and price.
This is not a buy or sell recommendation. It merely tells you which this stock is seeing higher potential to move uptrend with relatively strong momentum.
The share price may move up or down from this point. Note also that momentum generally only persists for a short period of time.
However, this stock has an accompanying fundamental score and valuation score to help readers evaluate the attractiveness of the stocks if they want to ride the momentum.
JETSON is ready to fly ???Refer to the EPRAF indicator, a beautiful line arrangement has been seen. The arrangement of the lines according to the “Harga Paling Murah Orang Beli” formula (green, purple, red, orange and blue) plus the very attractive EPRAF Support 1 and EPRAF Support 2 is a sign that the price of JETSON will rise higher today.
Trading Plan using Harmonic Pattern and Fibonacci on 4/7/211. Weekly TF show major uptrend (yellow line)
2. At 30m TF found Crab pattern and point B near to 61.8%
3. My Trading Plan if breakout from point B is my EP and CL at point C
4. Using Fibonacci retracement point X-A to get point D at 161.8% for my 1st target.
#swing
#TrailingStopLimit MYX:JETSON