SAMAIDEN trade ideas
My First Trade AnalysisSupport Line: 1.605
Resistance 1: 1.830
Resistance 2: 2.10 (All time high)
EP: 1.670
TP: 1.830
CL: 1.585
RRR = 5.3:9.6
If breakout at 1.830, Resistance 1 will become support.
Target to break all-time high will be :
EP: 1.670
TP: 2.100
CL: 1.585
RRR = 5.3:25.8 approximate to 5:25 which is 1:5
*Disclaimer: This analysis is for my personal learning process. Do comment and give me some ideas on how to make a better analysis. :D
SAMAIDEN's Maiden Voyage (of Breakout)Corporate Name : SAMAIDEN GROUP BERHAD
Symbol & Code : SAMAIDEN (0223)
Board : ACE
Shariah : Compliant
Sector : Industrial Products & Services
Sub-Sector : Industrial Services
• Weekly: It is an uptrend. I can’t say much for now
• Daily : In basketball, the one who controls the rebound, control the game. Let’s wait for SAMAIDEN to make another higher low.
• EP: 1.51-1.61
SNR 002 - SAMAIDENCurrent Price: 1.460
S1: 1.435
S2: 1.375
R1: 1.495 (RRR = 1:0.86)
R2: 1.565 (RRR = 1:2.86)
R3: 1.665 (RRR = 1:5.57)
SAMAIDEN ELLIOT WAVE ANALYSISEnding Diagonal of Wave 5, high chance of correction to fibo 0.618 - 1.250
SAMAIDEN - minor pullback, wait for reversal for limited upsideIn H4, the stock still rides the parallel uptrend, but doing minor pullback within. Probably an opportunity for EP is to wait for the reversal candle at H1, and exit before resistance. Lower volume in the pullback shows its a health pullback. Stochastic still doesn't show any reversal entry.
R 1.61, 1.66, 1.74
S 1.42, 1.33
Sentimen: KPOWER, TENAGA already start moving
TAYOR
bullish pennant patterni saw bullish pennant,.. hope become realistic follow trading plan, effect to good market sentiment
Samaiden - Minor pullbackPullback to 1.38 - 1.46 area and swing uptrend as long doesn't breach below ascending triangle..
Green Energy.. hold and keep steady..
SAMAIDEN - pullback inside ascending triangleImmediate support target is at Fibo 61.8%/78.6% (1.46/1.38) and wait for any reversal candle here for buy on dip signal. Volume should continue dropping during this pullback.
EP between 1.38-1.46 (confirmed with reversal candle)
TP 1.65, 2.03 (Fibo 1.272), 2.47 (Triangle opening)
SL 1.28
Sentimen: Green tech bullish due to US Election result
TAYOR
Samaiden - UptrendStoch RSI - uptrend
macd - start to uptrend
Resistance/breakout = 1.675
TP 1 FB 0.6 = 1.97
TP pencuri = 2.155
after that pullback...
This is just assumption.. not a buycall.
Samaiden 09122020Strong support at 1.29.... will start to going upward..maybe early next week.
Already oversold... but macd still no signal.
First TP 1.5
Samaiden - CorrectionExpected downtrend until 1.285 and CL if exceed 1.115.
Hopefully maintain within ascending triangle and breakout..
Ministry expected to annouce malaysia solar quota in a few days... just be patient.
SAMAIDEN - Irregular impulsive! price Take note"
- TP's area at 1.3 upto 1.57 (70%)
- SL area should be other than below 0.6
SAMAIDEN [25 November 2020] Buy On Resistant Zone Break OutMYX:SAMAIDEN
SWING: 2 DAYS TO 2 WEEKS
Breakout Downtrend Line
52 Weeks High Line
Fibbonaci Retracement
Candlestick Support & Resistant Zone
Trendline Support & Resistant
SAMAIDEN... SOLAR ENERGY TRENDING,..... Net Energy Metering project still ongoing
Won new project on 23rd Nov. refer news below
www.theedgemarkets.com
Retracement on the 2nd wave max 0.985- 1.13
and target to rebound to 2.25 on the 3rd wave
rsi will oversold within this week..
please bear in mind, the stock share is small. therefore the stock movement is very fast... within 1 or 2 days it can jump to 2.
very good stock..
SAMAIDEN Strong support at 50% fibonacci retracement = 1.12
Now rebounce to 1.21...
Good EP =1.1-1.2
Nice =1-1.12
Reminder - the stock has low shareholder... thus it will goes up and down very fast...
Looking at the newproject by the govt won by samaiden yesterday.. it is still uptrend.. not like AT or vivocom.. goreng counter
