NOVA trade ideas
Pullback finished for the next leg up.We see this up trending stock stock currently bouncing off support as well as making a higher low from its previous bounce. On the RSI it interpret this as an "exaggerated" divergence as the higher low on the RSI is very extreme if you compare the lows of the closing candles indicating a lot more buying pressure.
We also have a nice Heikeashi macd signal to enter a long
NOVA Wellness Re-accumulation or Distribution?Previous high volume indicate BUYING CLIMAX is finally achieved..
Automatic Rally and Secondary test barely close above previous high indicate buyers are exhausted to break higher.
This stock will be trade in sideways until they decide either to break higher or bring it lower..
In this condition, we suggest placing a buy position below 50% of the trading range with almost 20% profit within the range.
NOVA - Merentasi harga IPO1. Saham memasuki fasa ke-2 kenaikan selepas memecahkan (breakout) corak bulatan.
2. Target price mengikut kaedah corak bulatan (Chart Pattern) dan kaedah fibonacci ialah sekitar RM0.940 dengan potensi kenaikan lebih kurang 20%.
3. EP yang sesuai ialah sekitar 0.740-0.765 (sila buat kajian lanjutan sebelum membeli sesuatu saham).
4. Dengan harga merentasi harga IPO, dan sekiranya momentum kekal, harga berpotensi pergi lebih jauh (RM1.00 dan keatas).
5. Saham mendapat manfaat daripada PKPB & Covid19 kerana beroperasi dalam bisnes yang melibatkan hand sanitizer dan disinfection.
