MUHIBAH trade ideas
MUHIBBAH MARK UPAs the price structure unfolding, latest bar lingering around the Upper trading range.
from the perspective of wyckoff methode, it looks like BUEC in progress (Phase D)
Another interesting point, the Huge, Ultra high Supply Vol (blue arrow) indicated that possibility of Composite Operator (CO) Rotation had taken place
Pure Wyckoff
Muhibah : Resistance become supportPrevious resistance can be the support?
Shall this fellow rebound around this area (0700)?
What is the risk reward ratio? I don't know.. potential gain about 6%?
Still looking for firm base...perhaps Monday or Tuesday will has the signal.
Let see how market react.
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.
RETRACING RBSMUHIBAH 5702- Pure TA POV
Ascending triangle with rising lower trendline, aka VCP
BO with volume
Currently retracing, retest recent resistant, if rebound = RBS
Caution on entry, currently offers good 3-5% risk upon entry
*extra precaution: noticed that this stock is a small cap ( MCAP ~ 552M)
*small cap means more volatile
*low liquidity
LET’S MUHIBAH IN PROFIT! (30% - 60%++)MA 200 started to flattening, a signal for bearish to end
Volume is picking up
RSI showing positive momentum
Construction index also showing uptrend momentum ahead
Trading Idea
- buy half position on breakout @ 1.15 - 1.75
- watchout for volume on breakout
- if volume is not spiking up on the breakout, sell all bought position
- if volume is spiking up on the breakout, buy another half position on the pullback @ 1.15 - 1.75
- TP1 @ 1.55(30% profit)
- TP2 @ 1.95 (60%++ profit)
TAYOR
MUHIBAH - Permulaan Salam Kenaikan Entry Strategy:
1) Wait for confirmation downtrend line breakout and make an entry there - ride the momentum
2) Wait for retracement into the zone and make an entry range 0.88-0.90
Chart:
1) In year 2020, some significant movement been made.
2) Normal structuring formation observed - less or maybe no speculative entry
News:
1) May benefit to the Crude Oil price maintaining at the high side which may activate energy sector rotation. Sentiment of OPEX and CAPEX increment from the client might spur the interest people to own the stock (so long at this low price)
I am nubis, i am non-premium members ..follow if you think this idea make sense..just sit back, relax and make some money.
-Heil_Z-
# Are-snuff Traders Club
# Bilis Traders Group
MUHIBAH is consolidating. Strong Volume.Muhibah is currently consolidating and seems able to defend 0.97 Support.
Potential buy on breakout if able to close above 1.04-1.06
FiFT is bullish with nice volume build up.
ATOM buy signal indicating this stock is Trending up.
Potential TP area 1.20 (key Fibo & EMA50)
Risk Reward Ratio if breaks above 1.04 with SL below 0.97 and TP 1.20
