PIE 2024 : potentially a dsitribution top
potentially a distribution top
scenario A : break and sustain new high
or
scenario B : bearish
- break below VP POC
- break below 10WEMA
- break below recent up gap
PIE trade ideas
PIE break 52 week highPrice break 52 week high
Probably formed cup and handle pattern in the future
This is not financial advice
TAYOR
PIEPossible leader in technology
Pro:
- Low float between big tech stock (major reason harnlen, kym, cfm, annum can BO easily. Risk management for cut losses)
-Above all MAs
-BO woth volume
-Low volume down days
- Tight price action forming handle
Con:
-Price action volatile during downward and upward momentum
-Growth stock season?
-Too far from MAs. Handle need time 1-2 weeks for MAs to catch up.
Conclusion:
Monitor, buy with tight CL. Sell into strength
piesimple idea how to trade trending counter
use smaller time frame
don't target tp so high
but still must follow good MM
entry when signal appear
The starts of up trend?1. Today breakout out from down trendline with more than average trade volume. Hopefully it's meaningful sign for the starts of new uptrend.
2. Daily MACD making a golden cross good sign of trend reversal.
3. Overall still intact with long term up trend. And rebound from MA100.
4. Hope coming days can break and sustain above long term resistant 3.85. Then will be good chance of major wave coming.
Cautious.
1. Support at 3.61. Risk management is the first priority in trading.
2. Risk reward ratio 1.79 not that attractive. However, hope that after breaking ATH 4.28 will have new blue sky in coming 2022.
Trade at your own risk. Information should not be considered as an offer or enticement to buy, sell or trade. You should seek appropriate advice from your broker, or licensed investment advisor, before taking any action. Past performance does not guarantee future results.
PIE STILL IN PARALLEL CHANNELFrom the chart shows that it is reflected perfectly after touching the channel.
The channel formation is useful to look for breakouts either continuation or reversal.
#TAYOR MYX:PIE
Bearish Bat Pattern on PIEFound Bearish Bat Pattern and my expectation price will retrace to 3.27.
If price BO from the channel (yellow line) price will make new ATH and can reach to 4.22(1.27%).
#TAYOR MYX:PIE
KLSE: PIE (7095)Continuation of Recent post:
PIE has pullback with forming a flag chart pattern breakout.
PIE VCP SetupPIE experiencing VCP setup as well similar to it's competitor (VS, SKPRES). Can refer to link below for the other 2 counters' pattern setup.
For PIE, obvious higher low formed with below contraction:
C1: -32%
C2: -12%
C3: -6%
C4: -11%
C5: -8%
Awaiting rebound from C5 and breakout to confirm entry point.
BTW, SKPRESS seem breakout first yesterday on 15 Sep 2021.
Disclaimer:
Not a buy call, just sharing on technical analysis based on technical pattern and indicators. Trade at your own risk.
ALL TIME HIGH PIEA healthy financial company.Price now is at resistant level of All Time High.Latest quarter report shows increasing profit.Weekly MACD also just crossed up.Company supported by institution and one of the company in strong sector
PIE (KLSE 7095)Breakout with an increasing buying interest. Continuation is expected from this point.
PIE VCP setupquarterly earning will be announce on 12 august
probably will retest previous resistant at 3.18 first,before further advancement
MACD weekly about to cross up
PIE (Dump and Go Higher)PIE hits all time high at 3.7 region. At this region, price hit the ceiling and pull back strongly. 3.7 is an immediate resistance and 2.2~2.4 serve as an good immediate support.
Disclaimer:
This is solely a sharing of investment idea and does not serve as an investment advice.
Any losses incurred due to this post wouldn't serve as a liability to the author.
PIE - Near RBS1) Harga berdekatan dengan paras classical resistance become support.
2) Harga berlegar pada support fibonacci range (2.00 -2.07).
3) RSI above 50 menujukkan kaunter ini masih mempunyai momentum yang bagus.
4) Volume merah mula berkurang dan masih significant dengan pergerakan harga.
PIE [4 November 2020] Buy On Dip in Support ZoneMYX:PIE
SWING: 2 DAYS TO 2 WEEKS
Breakout Downtrend Line
52 Weeks High Line
Fibbonaci Retracement
Candlestick Support & Resistant Zone
Trendline Support & Resistant
