KGB CONTINUE MARK UPThis is a very big Re-Accumulation Pattern
But seems like more towards An Atypical Type of Re-accumulation
#2 Schematic, The Rising bottom
Vol has been evaporating, which probably supply been succesfully absorbed (Red Arrow)
What attract me the most, is that , despite Huge demand on 13/11/24 (blue arrow),
there were not much selling pressure
Current price action might be a sign of LPS,
Thus breakout of LPS probably an indication of Continuation of SOS (Sign Of Strength)
KGB might be one of the Leader in Tech Sector/Semiconductor-Related
Thus, position initiated today
\ Tight SL
Pure Wyckoff
KGB trade ideas
Simple13 Analysis for Long Term InvestorToday’s strong price surge was likely driven by the recent quarterly earnings report, which the company has declared a third interim dividend, marking its highest annual dividend payout to date. This dividend announcement has likely attracted long-term investors, as evidenced by the substantial inflow of large transactions.
Key Observations:
High Volume but Limited Price Movement in 2nd Half: During the second half of today’s trading session, the stock didn’t move up much despite high volume, similar to the first half. It show a strong resistance at current price. So, likely the stock will pull back.
From a technical perspective, this price surge is also due to the confirms a break of the downtrend line with strong volume, indicating sustained interest and support for this price level.
Buy in or Accumulate:
While today’s momentum may slow down, there’s an opportunity for long-term investors to buy during a pullback. Consider entering in two stages:
1st Entry: Near the Fibonacci support level, as this may provide a strong base.
2nd Entry: Closer to the trendline for additional confirmation.
Summary:
The high dividend payout and the technical breakout signal both point to continued interest in the stock. With today’s gains, it’s reasonable to expect uptrend momentum may slow, offering potential buying opportunities on pullbacks.
Disclaimer: This post is for informational purposes only and does not constitute financial advice. Please conduct your own research and assess your risk tolerance before investing.
MYX:KGB
KGB CONTINUE TO SHOW STRENGTHI Continue to Re-initiate position today
@ Market opening
@ RM 3.04
Based on the yellow arrow, noted presence of spring on the price action
With huge Vol demand was last week after QR released,
I decided for a short term swing again today
My original thesis remains
Pure Wyckoff
KGB CONTINUE MARK UP
Since the price top on 21/3/24, it was tally with wyckoff projected price based on the 3rd Law
**Refer to my previous post
On 16/4/24 (Red Arrow), i noticed that the bar came with Climactic Volume
this is a sign that trend will be changing
With the price reaching the projected price (Conservative Projection) ,
price will be continuing marking up or stepping stone ?
Thus position intiated as attached
pure wyckoff
KGB , AlgoSignal reveals potential uptrend.Several indicators within my algorithmic system are signaling a potential uptrend. These include:
- Increased volume: Activity is picking up, suggesting growing interest and potential momentum.
- Mid- to long-term uptrend: Both the 50-day and 150-day exponential moving averages are pointing upward, indicating a sustained positive trajectory.
These factors collectively point towards the possibility of an upward movement in the near future.
KGB - TA1. Price candle break out MA 200 on 7 June '23 give strong signal the price movement may change direction to bullish soon.
2. Price candle testing MA 200 on 18 May '23 to 6 June '23 to shake out weak retailers. Price candles break out MA 200 again on 7 June '23.
3. GC (Golden Cross) MA 50 & MA 20 happen on 29 Aug '23 give another strong signal the price is build up the uptrend momentum and ready for bullish.
4. Price candle and MA 200+MA 50+MA 20 has aligned altogether give sign the price is ready for bullish.
5. Price candle testing strong resistance (1.55-1.58) and PB take place to setup a support area. Price candle BO CMT and hugging MA 20 is the 1st EP.
6. EW analysis includes in this TA together with main wave and sub wave count. Main wave 3 target (Fibo 1.618) include in this TA.
KGB - Potential Inversed Head & ShouldComment :
1) TrendX+ indicator - candlestick wandering above trend line , mid-term uptrend
2) DDX+ indicator - fund candlestick is above zero-axis, overall inflow of fund
3) MCDX+ indicator - strong, banker bar has increased to 58% while retailer bar (turquoise) has vanished since 12th August
4) KGB broke out Neckline A on 16th August with large spike in volume. Looking forward KGB to reach our TP at 1.550
Support & Resistance :
R : 1.550
Remark :
- Length of ab=cd
DISCLAIMER :
Analysis above SOLELY for case study purpose, not a PROFESSIONAL ADVISE. This analysis does not provide any trading advise and buy or sell. Trade at your own risk. Trade only after you have acknowledged and accepted the risks involved.
Potential Long For KGBRst 1.88 Supp 1.64 & 1.43
Today high candle 1.770
Good fundamental & uptrend. Chart pattern might be creating a rounding bottom towards 1.88 area. What to lookout is the volume itself. If this area successful breakout, it might create a new high here. Although risk rewards here looks like halve but if the momentum is going for a breakout, should be worth while. Monitor closely.
KGB Short Base VCP SetupPrevious I feature KGB back in 24 July.
After the price surge about 57%, supply occur and it take one month to re-setup a small base VCP to digest out the supply. (indicate in grey pin in the chart)
During the re-setup, higher low appear with 3 contraction below:
C1: -12%
C2: -6%
C3: -3%
Last contraction C3 appear to have shrink volume.
Demand re-enter on 22 Oct breakout C3 stand back above MA20. Will the game continue? Let's monitor next week.
Disclamer:
Not a buy call recommendation. Just my personal interest on sharing through chart pattern and technical analysis. Trade at your own risk.
KGB forming Double BottomConsidered a bullish signal extending an uptrend, and is used to spot opportunities to go long.
Disclaimer
Any information contained in this page should be considered as general information, research and learning only. I am not responsible for any actions and decisions made based on the information from this page. Thank you
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