KUB - Monitor for the price action.N wave with E, N, V & NT projection.
Price is hovering at the edge of down Kumo and Senkou-Span B (0.780) as an immediate resistance.
The Chikou Span crossing above the candle price showing a bullish signal.
Price needs to stay above NT level to keep the continuation of bullish momentum. Considering for entry at above NT level and failing to breakout this level could invalidate the setup.
R1 - 0.780 (Senkou-span B)
R2 - 0.790
S1- 0.765 (Senkou-span A)
S2 - 0.735
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
KUB trade ideas
KUB potential rebound 🤔Price still below Hull MA...
Still an overbought (OB) counter.
Awaiting retailers to play. Operators still holding strong at this moment.
Let see how it go next.
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.
KUB IN ABC FORMATIONFrom 0.530 low on 20 September 2021 to 0.795 high on 26 October 2021, the price had a deep retracement at 0.570 is around fibo786 level and rebounded thereafter. On 17 December 2021, the price crossed EMA200 and on 20 December 2021, it tried but yet to succeed to cross pivot point 0.630 (which is also fibo618) after hitting a 0.640 yearly resistance. To enter trade, the probable EP would be 0.610 to retest a 4h pivot point. The probable TPs would be at 0.725, which is fibo extension 618 or 0.770, which is fibo extension 786. The probable CL will be at 0.565, that is, below the 0.570 retracement level. This is not an investment call but for study and sharing purposes only.
Bullish BreakoutKUB is edging higher, closed above valid DTL and could potentially reach next Fibonacci target 4.236 at 0.915, coincide resistance level in Feb 2011. On the flipside, price movement below the nearest support level at 0.475 could push the price lower.
Disclaimer: Our content is intended to be used and must be used for technical analysis education purposes only.
KUB MALAYSIA BHD - Short Term Pullback, Impulse Pullback LongOpportunity and Risk
DISCLAIMER: This analysis is for educational and informational purposes only. It is based on my personal view in 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.
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