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PUNCAK NIAGA HOLDINGS BHDPUNCAK NIAGA HOLDINGS BHDPUNCAK NIAGA HOLDINGS BHD

PUNCAK NIAGA HOLDINGS BHD

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PUNCAK trade ideas

PUNCAK buy signal based on MRV1 setup on 2 Jan 24 at RM0.395 This is actually a repeated signal, as it was previously triggered on 13 Dec 2023 at a similar price of RM0.385. The support area could be set at the most recent pivot low of RM0.350, which coincides with the equilibrium support area. However, I would set the stop loss to RM0.345 to adhere to the minimum 10% risk based on the price. The target price is RM0.465. To maintain a risk/reward ratio of 1:2, you may choose to adjust this to 1:1.5 or 1:1 based on your preference. The time horizon is 2-3 months, as the signal is derived from the daily chart. The momentum signal was triggered at an uptick candle near the diagonal support of a rising price channel. An uptrend price pattern of higher highs (HH) and higher lows (HL) has been established, triggered after a pivot from channel support and coinciding with the equilibrium price area. A momentum signal at these price areas should be able to confirm the movement. Zoom out the chart to see. The immediate resistance is at RM0.435 and the next (faraway) resistance is at RM0.525. The support zone is at RM0.350. **Only for discussion purposes. Not a buy / sell call**
MYX:PUNCAKLong
by syafizi
PUNCAK IN ELLIOTT'S ABC AND BAT PATTERNConsider to study, analyze and monitor PUNCAK where its daily chart appears to have retested point C of EW's ABC formation, and from WaveS 1 to 5, the retracement at ABC's Point C is fibo618. This retracement level is also in the 52-week low zone. The chart also has formed what appears to be a bat harmonic pattern where the price has crossed the current pivot point. To enter trade, the potential EP shall be the current pivot point and the proposed CL is below 52-week low. The probable TP would be at Point D of the bat formation or it could go up higher up to point B of EW's ABC formation.
MYX:PUNCAKLong
by nOtOcOndO
WILL IT BREAKS THE RESISTANCE AT 0.555?1)ADX > 25 Di+ > Di- 2)Fib retracement level 0.5 (0.470 cents) 3)Net volume still bullish but is dropping. 4)Smart money is still hot. Possibly will gap up. 5)above 200 ema. Still bullish. Based on my technical analysis. It is still in bullish position with a bit of retracement from 0.555 to 0.470. Smart money is still in puncak and possibly will break 0.555 and move higher. p/s: this is not a buy or sell call. I'm simply sharing my studies. Decide your entry or exit at your own risk!
MYX:PUNCAKLong
by aresleo
2
Bursa PUNCAK Niaga Holdings BerhadWill the RM 0.30 zone price become the strong support? Especially after the lowest drop fall to RM 0.09 last March and struggle moving up before it get pushed to RM 0.51 by the end of 2020. The price closed at RM 0.37 last friday, fall under 50% level of Fibonacci Retracement. Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
MYX:PUNCAKLong
by Carta_aPau
TA analysis using Fibonacci RetracementAs you can see on this chart, i want to share something interesting. Today i applied this method also on other counters and most of them show the same results. As you can see, price already reached fibo retracement level 50-61.8% which i believe many other traders who are using fibo will also noticed this same pattern. Usually price will take a break from here,in other word retracement will happened once price reached this level. This method is simple, find the nearest base between fibo retracement 50-61.8%. Sometimes the base could be below/above 61.8%. Since this is a long term view, intraday traders may not applied. Just be careful with indices as they are approaching peak value
MYX:PUNCAKEducation
by HafiqAiman
4