MUDA trade ideas
MUDA - Pre Consolidation BreakoutPre Consolidation Breakout Setup.
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MUDA - Papers PleaseMUDA , a leader in the paper packaging industrial sector has recently dived with the big March sell-off despite pulp and paper prices rising.
Good counter for value/growth investing for long term too.
Insiders and major shareholders have been consistently buying in big batches very recently.
Buy on dip setup with nice risk reward ratio. Potential rounded bottom
Points of Interest
R1 3.030
R2 3.320
R3 3.830
S1 2.660
S2 2.370
04.04.2021
Idea got flagged for violating rules , just a repost.
MUDA - Losing steam ?We are expecting price to come down and close up the gap before looking to long again. Proven that 2.14 resistance is a tough one
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This presentation solely meant for information purpose and does not constitute as investment advice. We may or We may not take the trade that we presented. All estimates, projections, forecasts, expressions of opinion and other subjective judgments contained in the presentation are based on assumptions that considered to be reasonable. We are not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Avoid Unnecessary Risk by Trading at Resistance with Low Volume Based on the daily chart, Muda Holdings is still moving in accumulation stage. Based on Volume Spread Analysis, we spotted the Smart Money is buying slowly at the support level. Below are the signals of accumulation by Smart Money:
1. Price immediately moved sideways after the Sell-Off bar with high volume indicating the end of distribution
2. Volume getting lower on the 2nd bottom at support level (RM1.52)
3. Lots of narrow spread bar with low volume. Smart Money is buying slowly at the bottom without pushing the prices up.
4. Lots of hidden potential buying at the support level. As spotted in the chart (Spring, Test and LC)
However, based on today chart (6 December), price still failed to break above the resistance level. Notice there is a sign of weakness (UT) which indicating seller still in the market. Once Smart Money spotted sellers at the resistance, they might avoid the price level. Smart Money won’t absorb this supply at higher levels. This is why we often saw shakeouts and whipsawing in the accumulation stage because the cost is lower to buy at support level.
Price is likely to pullback to support level, traders can look for Shakeout signals for low risk trade. Example of Shakeout signal Spring.
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock.
