RANHILL May 2024 : Sell on news , and the reaction at 10WEMA
was in a good uptrend , then a sudden sell on news.
news trigger :
" KUALA LUMPUR (May 28): YTL Power International Bhd’s (KL:YTLPOWR) 70% subsidiary SIPP Power Sdn Bhd is buying 405.18 million shares, or a 31.42% stake, in Ranhill Utilities Bhd (KL:RANHILL) for RM405.18 million or 99.5 sen per share "
- gap down on massive volume , unable to recover ( long upper wick , close below VP POC )
the reaction :
- sell-off halted by 10 weeks EMA
- 50 days moving average
- Value Area Low of P-Profile
RANHILL trade ideas
Time Cycle Analysis: RanhillRanhill, above 0.87 is bullish, below 0.87 is bearish. Key date to watch 22 April 2024, 17 Sept 2024, 14 April 2025.
As of 2024-01-31, the Fair Value of Ranhill Utilities Bhd (RANHILL.KL) is 2.03 MYR. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 1.13 MYR, the upside of Ranhill Utilities Bhd is 80%.
Peter Lynch's formula: RANHILL.KL Fair Value = Earnings Growth Rate x TTM EPS
source: valueinvesting.io
Ranhill, Uptrend based on AlgoSignal StrategyThe current point exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
RANHILL: Filter 3 has appearedFilter 3 combines the conditions of both Filter 1 and Filter 2. It requires that both Filter 1 and Filter 2 generate signals simultaneously. When this happens, it indicates a strong breakout signal with price and volume confirming the upward momentum.
MACD has started crossing up. TAYOR
Ranhill Analysis 14.6.23 Potential LongPotential Bottom Fishing for Ranhill. Price dropped to fib level 0.382 at price 0.52 After dividend payment. Looking technically; MFI above 50% and volume to start kick in indicates price trying to push up.
A possible re-entry at 0.52 and low risk traders can exit in short TP. High Risk High Reward traders can hold till TP 0.8.
Not a buy/sell call. DYOR.
Ranhill Ranhill - potential break up and turn into Up trend
VT Stock indicator is a stock breakout trend indicator for identifying the change of Mid to long term trend direction
(Disclaimer: for demonstrating own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk)
CORAK WCoretan Trading Idea ini hanyalah kajian & pembelajaran sesuatu kaunter saham SAHAJA. Ini BUKAN merupakan satu bentuk BUY CALL kepada mana - mana pihak dari penulis.
Mana - mana pelabur dan pedagang adalah bertanggungjawab terhadap tindakan dan pelaburan masing - masing.
BERDAGANG DI ATAS RISIKO ANDA SENDIRI
RANHILL - 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.
Bullish BreakoutTP: 1.21
SL: 0.80
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.
RANHILL - in pullback, will it break lower high?The price is currently riding the downtrend channel. To confirm reversal, the price need to break 0.870. We will look into it once it break this resistance.
Speed: Fast with only 41M shares float (4% of 1073M shares)
Sentimen: Green tech bullish due to US Election result
TAYOR
RANHILL - Exhausted selling?HI, my take on RANHILL
After the selling climax, price rallied up in an impulsive move, followed by correction in the form of a descending channel B. Upon reaching the previous support A, we could see shortening of downward thrust. The last move down (C) is currently still unable to break below the recent low at D. But look at the high cummuative volume of down wave C ( on Weiss indicator). Despite this high down move volume wave , price still unable to penetrate below previous low (high effort but no result) might indicate hidden buyers entering the market, and sellers exhausted.
I'm looking forward to see price move up again.
Trade at your own risk. Comments are welcomed
