KGB - Breaking ATH soon?DISCLAIMER
THIS IS NOT AN INVESTMENT ADVICE, TRADE AT YOUR OWN RISK & OPPORTUNITY !!!
KGB.... VCP breakout previously. Currently it has pull backed a little. MA golden cross, RSI uptrend line is respected well too. I guess it's just a matter of time before it breaks ATH and find a new high. Banker chips at 50% and RSI at healthy level. Overall I'd say very potential to break new high, unless bad political news come out. Please note trading at this sentiment produces very high risk as anytime market can be very bad, hence please find a suitable Risk & Reward ratio that suits your risk tolerance levels.
R: RM1.34, RM1.53(Fibo R)
S: RM1.15, RM1.1
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KGB trade ideas
KGB VCP SETUP!!Here you go for the 2nd counter of the week, KGB with 5 contraction below:
C1: -34%
C2: -21%
C3: -11%
C4: -8%
C5: -8%
5th contraction is the pull back after the previous breakout.
The candle and volume on 23th July looks solid. Something brewing for KGB.
Fundamental wise looks good as well.
Disclaimer:
This sharing is based on my technical analysis experience. Not a buy call. Trade with your own risk.
KGB - Volume Profile AnalysisKBG breaks mini volume profile point of control with higher than average volume @ 1.155
Be cautious @ 1.265 (price might be rejected at low volume node level)
Potential buy on dip @ 1.155 (price retest point of control level)
Potential target price @ 1.345 (52 weeks high level)
Disclaimer:
This is intended to be used and must be used for technical analysis education purposes only. Trade at your own risk.
KGB : Final thrust (Medium term - Wave analysis)Based on our wave analysis, the consolidation in KGB for the past 4 months might be an attempt to form a contracting triangle to complete wave iv correction. Diminished volume and decreasing volatility during the pattern formation following wave iii rally might further support this wave count. Triangles are unique in Elliot's wave principle in the sense that it always occur in a position prior to the final actionary wave in the pattern of one larger degree. In this case, the contracting triangle as a 4th wave appears prior to the formation of the 5th wave which is the final wave that completes the 5 waves pattern of an impulsive move. This unique feature makes triangle patterns very tradable and provides a high confidence trading setup from both Elliot's wave and traditional TA perspective. At the moment, we would stand aside and wait for the evidence of wave (d) and (e) formation before considering a long position. Also, take note that sometimes wave Es tend to undershoot the AC line of the triangle before going up again in an uptrend market so getting in early before the pattern completes might not be ideal. Given our wave count is correct, in our view the medium term outlook of KGB remains bullish. However, we would be more cautious on a longer term timeframe since the uptrend might be near its peak as evidenced by the near completion of 5 waves impulsive pattern of a minor degree since its inception.
Hold - KGBUptrend, Bullish and Strong Bull.
Fast Turtle BoD star confirming nice Bullish engulfing candlestick pattern bouncing from EMA50 and Oversold region.
3.7x Volume ratio with upward momentum.
ATOM still neutral. Expect ATOM to trigger buy if price break above 1.7
SL 1.5
Need to stay above 1.7 to expose 1.9 Resistance (TP1)
0 Retailer %, Banker volume 61% and crossing above BMA (Strong)
KGB - Slowly Rounding NorthwardKGB
Rst: 1.16
Spp: 1.08
The stock has demonstrated strong support at MA200 as we can observe the recent flush below this level are quick being brought back. If confirm break below MA200 cut loss. The strong spike depends on it can push above Fibo Ext first tier hurdle at 1.28 or not.
Kelington, cup and handle style?Break out with volume. But hot money not much. Ikan bilis playing only.
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Disclaimer: I am not Investment guru. Every stock analysis are purely for my personal learning and practice purpose.
It is not for any buy or sell call to anyone. Everyone are responsible at your own trades.
INVERSE HnS + BREAKOUTMYX:KGB
FIFT +VE
ATOM GREEN
STOCHASTIC CROSS UP
TURTLE EMA UP TREND
VOLATILITY CONTRACTION PATTERN
BREAKOUT TREND LINE
EP: 1.17
SL: 1.06 BELOW
TP: LIMIT UP IS THE LIMIT
RECENTLY MALAYSIA MARKET ARE WAY TOO CRAZY
USE FIBONACCI TO ESTIMATE TP
ANYONE INTERESTED ON TURTLE TRADING SYSTEM PLEASE REFER MY MENTOR @KGIAP123
KGB - Medium to Long Term BullishOpportunity and Risk
DISCLAIMER: This technical analysis is for educational and informational purposes only. It is based on my personal view of the market from a technical standpoint. None of information posted in this page can be used as investment decisions except for educational purpose only. Do not trade solely on the information posted in this page. Trade at your own risk and judgement. A trader could potentially lose all money. Only risk capital that can be lost without jeopardizing ones financial security of lifestyle. Please seek licensed professional guidance if you plan to invest your capital seriously.
PENAFIAN: Analisis Teknikal ini hanyalah untuk tujuan pembelajaran & pendidikan sahaja dan bukan cadangan untuk membeli atau menjual stok atau apa jua jenis instrumen kewangan. Anda dinasihatkan untuk menghubungi remieser / dealer / bank pelaburan yang mempunyai lesen atau kelayakan yang sah untuk bertanyakan pendapat dan menguruskan pelaburan anda. Pelaburan dan perdagangan mempunyai risiko tinggi, dan ianya adalah Risiko Anda Sendiri.
Reversal trend in placeThe counter has suffered a setback with closing price of 4% lower than highest price acheived on that day.
However it seems that buying interest quickly recovered may be due to technical rebound the day after. Today, the buying interest seems to continue and is indicated by the MACD line. If price maintains above RM1.00 and buying volume incoming, we may predict the price to reach at least RM 1.02 / RM1.04.
I would predict the price to move around RM0.980 to RM1.040 before setting up the true trend of upwards or downwards.