NAIM trade ideas
NAIM: Breakout Filter Combo With Tweezer Top and Bottom1. The Tweezer Top (7th July) is a bearish reversal pattern that consists of two candlesticks with identical or nearly identical highs. The pattern is typically found during uptrend and signals a potential trend reversal. The next following days the price went down.
2. The Tweezer Bottom (4th Aug) is a bullish reversal pattern. The pattern is typically found during a downtrend and signals a potential trend reversal.
3. The bullish candlestick at M15 filter3 appeared. It closed at 0.69 (the strongest resistance, rereferring to Gann Chart). If breaks, it will be potentially creating new HIGH.
4. The presence of the Tweezer Bottom pattern can serve as an additional confirmation for potential bullish price breakouts detected by the Breakout Filter.
5. TAYOR
EASY123 Prediction @MYX NAIMPrediction: Price pullback after rally & landed at strong support (Redline)
Target Price: R1=0.99-1.03, R2=1.18-1.22, R3=1.38-1.44
Support/Cut Loss: S1=0.805-0.795, S2=0.69-0.68
*Trend direction: UPTREND - Price correction above our Lifeline (Redline) strong support 0.80
*Bottom reversal (Green-upward-triangle) signed on 27-Jul & (Yellow-diamond BT) on 29-Jul.
*Turning points (White-candle) have appeared on 30-Jul, an indication of the price revert to upward direction.
*Preference Strategy: Swing trading (Follow the BUY/SELL Signal respectively).
*Reminder TP & CL is an individual preference & decision. No fixed rule or guideline for it...Trade at your own risk.
*If you are interested in our trading template. Feel free to drop us a message, we are happy to share with you.
Signal's Interpretation:
BUY Signal:-
*Green-Background = Uptrend
*BT-Yellow-Diamond = Bottom signal.
*Green-Upward-Triangle = Potentially a Bottom signal.
*White-Diamond = Strong upward momentum accelerator.
*White-Candle = Turning point or a trend reversal.
*Yellow-Candle + Alert-Bell = Potential Price take-off area.
SELL Signal:-
*Red-Background = Downtrend.
*Red-Dot = Potentially a Top signal.
*Blue-Candle = Potential price selling off area.
<TradeVSA> Daily Stock Review & Update - 22 March 20201. Public Bank
2. Maybank
3. CIMB
4. RCE Cap
5. Paramount
6. MI Technovation
7. Naim
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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
<TradeVSA> Naim Reversing with Pullback PatternStrength in the chart:
1. Bullish signal
2. Testing the gap
3. Line Change with volume
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
Short Term (Contra Trade) : Naim1) Market Outlook - Global Market (green), KLCI (green), WTI (green), Brent (green) ~ Friday (12/4) closing
2) Sector Index - Construction (red), Energy (red), FMBSCAP (green) - Friday (12/4) closing
3) Technical Analysis - Consolidation is almost over from the reducing volume, I am aiming for a bounce off resistance 1.12 for a shorter term trade
4) Fundamental Analysis - Strong fundamentals w/ 2 consecutive profiting quarters and bullish sectors (oil + construction), mid term trade is feasible with next quarterly report in end of May 2019
Entry - 1.12 (risk to reward : 3.36)
Exit - 1.255 (12% gain)
Stop Loss - 1.08 w/ high volume (-3.57% loss)
