Pmetal Simple Chart AnalysisPerhaps some technical pattern play here? Since there are red chip appear today. No harm to monitor if there is a breakout from this pattern. 3.9 area double bottom trigger the rebound.
PMETAL trade ideas
PMETALEP 4.32/4.39
TP 4.41
SL 4.26
Backtest result from 2022-08-30 09:00:00
29 trades
62% win rate
p.s: not a financial advice
#deepagiscreener #tayor #bursa #bukanbuycall
Fed making global demand destructionCould go down to 3.8 by December and then go up March April 2023
PMETAL - Pullback with Low VolumeSign of Strength in the background:
1. Reversal with accumulation
2. Line Change with volume
3. Low volume Pullback
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
VCP SETUP PMETALA really strong company.steadily increasing sales and profit QOQ and YOY.Price has break the horizontal pivot line with strong volume,currently having a pullback with low volume
PMETAL. Has its support? Need to break the downtrend line in order to continue the rally. But seems like it yet find any support.
Let's monitor.
VCP SETUP PMETALStrong fundamental company.increasing sales and profit YOY and QOQ 4 quarter consecetively.Forming VCP setup and break of pivot point
price expect move higher if momentum maintain strongjust breakout triangle pattern, expect move higher as OBV pointing up and big volume
PMETAL Looks like to Form a Pennant PatternPMETAL looks like to form a pennant pattern. As a confirmation, we have to wait whether the price could break the Resistance of RM5.845 or not.
PMETAL looks like ready to reboundWeekly - oversold.
Daily - entered ichi cloud.
4HR - crossed ichi cloud.
TP weeky intersect blue.
POSSIBLE REBOUND PLAYS? DISCLAIMER
THIS IS NOT AN INVESTMENT ADVICE, TRADE AT YOUR OWN RISK & OPPORTUNITY !!!
Ever since the release of the dividends, it has suffered a sell down. Short term wise it is currently in a downtrend with dead cross on its MAs. Banker chips are also weak with around 10-15% left. However the RSI is pretty low at the moment. Can try to aim for rebound plays but take note it is high risk for short term traders as it is in a downtrend. Mid term wise should be alright as the company's fundamentals are excellent.
R: 4.89, 5.1, 5.465
S: 4.71, 4.54
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PMETAL - Pre Consolidation BreakoutNO INVESTMENT ADVICE IS PROVIDED
DISCLAIMER
Please consider your own interpretation of Opportunity & Risk. The author of this post strictly follows the Malaysian Security Commission ( SC ) Guidelines on the prohibition of Investment Advice by unlicensed parties. Any examples shall use historical charts without any recommendations and not to cause inducement to the public to take action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives. The author will never provide any investment or trading advice as the activity of giving investment advice is likely to be considered as a regulated activity under the Capital Markets and Services Act 2007 ( CMSA ). All posts made in Tradingview do not include any communications involving providing recommendations or opinions or includes any material, content or any statement which are likely to induce a person to take any action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives that is likely to be considered as “advising others concerning securities or derivatives”. The author will not recklessly make any statement, promise or forecast that is misleading, false or deceptive to induce or attempt to induce another person to deal in securities or derivatives. None of information posted in post can be used as investment decisions. Do not trade solely on the information posted. Trade at your own risk and judgement. A trader could potentially lose all money. Only risk capital that can be lost without jeopardizing ones financial security of lifestyle. Please seek licensed professional guidance if you plan to invest your capital seriously.
PMETAL - Healthy UptrendPMETAL
Theme: Aluminium
Rst: 6.01
Spp: MA50
Well supported alongside MA50 trendline, uptrend basically undeterred by retracing indicators, which is signal the stock will continue its upward trajectory, potentially towards 6.01 area
PMETALFA - Turning profit last QR, resuming economy that leading lot of demand on aluminum materials.
TA - Nice consolidation with tight pivot.. Shake off some weak holders last week. Can it continue the rocket rally?
PMETAL [19 November 2020] Buy On Resistant Zone Break OutMYX:PMETAL
SWING: 2 DAYS TO 2 WEEKS
Breakout Downtrend Line
52 Weeks High Line
Fibbonaci Retracement
Candlestick Support & Resistant Zone
Trendline Support & Resistant
PRESS METAL ALUMINIUM PRICE ACTION MOVEMENT FORECAST DAILYLong, recommended stop loss 5.010, and the price expect to reach 5.735.
Pmetal, can it break the trend line?Use your metal head to break the line.
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Disclaimer: I am not Investment guru. Every stock analysis are purely for my personal learning and practice purpose.
It is not for any buy or sell call to anyone. Everyone are responsible at your own trades.
