POS trade ideas
POS MALAYSIA - Ideas for next week 18-22/01/2021Trade ideas for Pos Malaysia for next week..
Price create diamond setup L-H-LL-HH-LL --- Reaction
Price in green Zone buying range.
Fake setup/manipulation setup R1 and R2
Wait for price action in buying zone esp at green line @ BRN 1.000 for best entry..
Happy Trading
TAYOR.
Delivering $$ for 2021Following the collapse to ATL in Mar2020, POS has recently turned Bullish since early Dec. Current price is hesitating at resistance level at 1.18, however we noticed a significant breakout to the upside on 1 hour view. Our price target is at 1.66, however a strong bullish movement could potentially push the price higher to 2.365. On the slip side, a close below 0.70 could push the price lower.
HAPPY NEW YEAR 2021!!🎉🎉
Disclaimer: Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment base on your own personal circumstances. The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Trend AnalysisIn the analysis of Fibonacci landscape, the most important level to monitor actually is the 50% line and yet it is the most overlooked one. Just like any sport game, the middle of the playing field normally is the first line of defense and an indication that which side is controlling the game. If it is trading above the middle line we could technically view it as bullish and below as bearish .
POS - towards new horizon?Preparing to breakout cup and holder pattern with possible of +39% from neckline. This is the range during pre-covid times.
EP 1.15
TP 1.22 (+6%), 1.28 (+12%), 1.38 (+20%), 1.45 (+26% Cup depth)
SL 0.145 (-6%)
Speed: Fast with only 207M shares float (26% of 782M shares)
Sentiment: Economic recovery theme
Transportation is cyclical sector and its back in trend due to recovery hope.
TAYOR
START OF A NEW BULL TREND?Disclaimer: This is not a buy call. Just an analysis from a newbie..
POS first major resistance is at the level 1.130.
Price tried to break the resistance several time.
The first time price tried to break was around May but failed. However, it tried again also in May and caused a false breakout to happen.
Price then retracted with low volume until 0.75 where buying pressure comes in around late October.
In November price break long term trendline with high volume and tried to break horizontal resistance of 1.130 again and failed but only minimal retraction with low volume.
Yesterday tried again to break 1.130 but still failed.
Hence it retraced to an area between the 2 moving averages which for me is an area of value.
POS may currently forming its new bull trend after a long bearish trend.
Noted with current COIVD-19, we can see courier usage has increase exponentially as people shop online more often than physical store.
Just my 2 cents..
Sincerely,
Izwan Aizil.
POS OVERALL MARKET INSIGHTPlease look at the chart comment for detail.
Current Opinion:
Intra-swing can buy with caution as most of bigger time frame still in selling zone.
Note:
Long Term- Holding for a yearly review (1 year up to 5 years or more)
Short Term- Holding for a monthly review(1 week up to a year or more)
Intra-swing - Holding for a weakly review(1day up to 12 weeks or more)
