Keep in view BUY ON DIP!Now resting on support 1.87
Buy on dip wait for rebound at uptrend channel
Or can buy when breakout upward
REVENUE trade ideas
BO with VolumeQnQ published | 18/2/2021 Hammer is valid | 19/2/2021 Reversal confirmed @ 1.95 | BreakOut 2.08 with volume
REVENUE TAAfter its most recent bullish breakout, will it retrace to the 0.618 Fibonacci level?
This will be the main support in case of a deep pullback.
REVENUE 03022021Bullish price action with good vols (higher than previous few trading days)
next resistance 1.42
Expecting a big move - Revenue Group BerhadEnd of consolidation soon.
Near to the breakout
Expecting bounce from 0.5fib-0.618fib (RM 1.16-1.12)
Take profit of the breakout around RM 1.8- RM 1.95
REVENUE WEEKLY CHART VCPAdditional to my previous analysis:
There is also VCP in Revenue weekly chart!! And the duration of the entire VCP is 1 year .
1st contraction: ~52%
2nd contraction: ~21%
3rd contraction: ~5%
Recent ticket supply in the market is low.
And if you observe recent 6 weeks volume (5 weeks buy and only 1 week sell)
Awaiting huge demand come in to push the price up! Let's see!!
Disclaimer: Buy at your own risk, this article is just a sharing on technical analysis.
REVENUE READY TO TAKE OFF?Revenue core business is primarily focused on online payment transactions acquiring, with emphasis on payment solutions, transaction processing and customer loyalty program. (EDC, Lazada, Taobao, RevPay and etc)
1. Recent contract secure to provide MyDebit Malaysia's tokenization platform (TSP) for Payments Network Malaysia Sdn Bhd.
2. Recent teamed up with Huawei to develop an e-Services Hub for SMEs.
3. Recent acquiring artificial intelligence (AI) company Wannatalk Malaysia Sdn Bhd in a move to enhance its electronic payment (e-payment) solutions and technologies for banks, financial institutions, merchants and card issuers.
Above are the Revenue fundamental facts that everyone can google. Let's talk about Technical Analysis portion where not everyone know how to interpret.
---17 Nov 2020: Price gap up and spike 6.56% with huge huge volume. (Strong demand)
---20 Nov 2020 & 2 Dec 2020: Another big volume enter (surpass volume MA50)
---7 Dec 2020: Another big volume enter (surpass volume MA50) -- Shooting star doji candle (might due to T3 sell out)
---11 Dec 2020: Another big volume enter (surpass volume MA50) -- Solid candle with momentum
Another wave will trigger if able to break RM1.30. Strong support at 1.22 with only 4.5% risk!!!
Let's see how the price move next week.
Disclaimer: Buy at your own risk, kindly consult your remiser for any investment advise.
REVENUE: E-payment, E-wallet is the FUTURE Good breakout today.
Entry: 1.2
Stoploss: 1.12
TP: 1.3 - 1.4
Revenue need to break 1.31 to show strengthMYX:REVENUE Can show strength to 1.4 if it breaks 1.31. Then continue to test a previous high at 1.53
Support at 1.2 / 1.23
REVENUE Re-entry BUY at Last Point of Support (LPS)Buyers are still strong in the market..
Price reaches the major support.
REVENUE - Price Moves Above SMA200 - Poised to Break Upper TLOpportunity and Risk
DISCLAIMER: This analysis is for educational and informational purposes only. It is based on my personal view in the market from a technical standpoint. None of information posted in this page can be used as investment decisions except for educational purpose only. Do not trade solely on the information posted in this page. 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.
PENAFIAN: Analysis ini hanyalah untuk tujuan pembelajaran & pendidikan sahaja dan bukan cadangan untuk membeli atau menjual stok atau apa jua jenis instrumen kewangan. Anda dinasihatkan untuk menghubungi remieser / dealer / bank pelaburan yang mempunyai lesen atau kelayakan yang sah untuk bertanyakan pendapat dan menguruskan pelaburan anda. Pelaburan dan perdagangan mempunyai risiko tinggi, dan ianya adalah Risiko Anda Sendiri.
REVENUE Hourly Chart Analysis on 12 July 2020REVENUE 1 Hour Chart::heart:
7/12/2020
Support : 1.13 , 1.27
Resistance : around 1.35
Volume on last Thur/Fri suddenly surge.
Momentum remained on positive side since last Thursday.
The main resistance at 1.27 was tested and broke with recent highest hourly volume.
1.27 acts as current support level for REVENUE.
The upper white trend line can be treat as potential resistance line with target set at 1.38 (given 1.27 can be hold)
You can send a private message or leave a comment if you are interested with the indicators shown.
MYX:REVENUE
REVENUE - Positive Tone IncreasedREVENUE
Rst: 1.32
Spp: 1.25
Positive move as Friday candle broke short term high at 1.28, but you will need to expect some consolidation to get Bollinger Band wider first before the stock can unleash more solid upside.
READY TO FLYFrom technical wise, i say REVENUE is now ready to fly. However, make sure you alert for the QR release. SInce this stock not yet release it QR. Follow the chart for support & resistance price. Coz im lazy to write it.
another good stock ready to buyhi all ... i will buy some this stock tomorrow... this probably will earn another 25% profit that i hope...
