SEAL - Need a strong momentum to maintained bullish continuationN wave with E, V, N & NT projection.
The stock is trading at 0.815, slightly above the NT projection of 0.800. A breakout above 0.855 could confirm the continuation of the bullish trend. 0.800 (NT) as immediate support and this level must hold to prevent a bearish reversal.
This strategy assumes a bullish continuation above the current price, with critical support at 0.800 needing to hold to maintain bullish momentum.
R - 0.855
S1 - 0.800
S2 - 0.780
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
SEAL trade ideas
SEAL IncorporatedSEAL Incorporated
Trend: The stock is in a strong uptrend, especially since May 2024. The price has moved significantly higher from around 0.55 to current levels above 0.70.
Moving Averages: Two moving averages are visible on the chart (likely 50-day and 200-day). The price is currently above both MAs, which is bullish. The shorter-term MA has crossed above the longer-term MA, forming a "golden cross" - another bullish signal.
Support and Resistance: The previous high around 0.80 seems to be acting as resistance. Support levels can be seen around 0.70 and 0.60.
Volume: There was a significant spike in volume during the recent price surge, indicating strong buying interest.
Price Action: The stock recently formed a bullish gap up, followed by some consolidation. This could be a sign of continued bullish momentum.
Volatility: The stock has shown increased volatility in recent months, with larger price swings and candle sizes.
Pullback: The most recent candles show a slight pullback from the highs, which could present a potential buying opportunity if the uptrend continues.
Indicators: While not all indicators are visible, the price action and moving averages suggest bullish momentum.
Overall, the technical analysis suggests a bullish outlook for SEAL Incorporated, with strong momentum and uptrend in place. However, traders should be cautious of potential resistance around the 0.80 level and monitor for any trend reversal signals.
the SEAL, potential swing higher come soon?>> stochastic and RSI forming HH
>> Wait pullback and aim for HL to enter market.
>> Let see whether stochastic (yellow) able to stay at OB. If yes, it will be a good opportunity.
°° this is my own strategy to look for OB counters. Big money come when the particular symbol stay at OB area.
When the market moves where, and how, and if - these are all unknown. The only thing which we can control is our risk. Focus on risk management!
Keep the long term vision.
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein.
SEAL, a series of LH means...Shall we take risk when see series of LH?
Some may, but most won't (for mid term) because it shown the sign of weakness.
Price unable to breakthrough the previous high (that's why formed LH).
Hence, I will let it find the strong base before enter market.
How to get the strong base? Opposite the above, at least let it form the first HH following with HL. And manage own risk.
This just one of my strategy to EP. Find your own strategy that suit you most
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein.
SEAL looking at a flag breakout MYX:SEAL is flagging and pending a breakout to the top. I the close for today maintains above 0.42, I think possible targets towards 0.47 soon with stops at 0.40
These are my views and analysis and is only for educational purposes. I am not a financial advisor.
Nothing in the information posted here is intended to be or should be interpreted as trading advice.
Interesting set up- SEAL INCORPORATED BHDWe noticed there are some market participants piling up stock in this counter.
Although market still skeptical about property market, Seal still make a good uptrend steadily.
Penny stock now is a major trend in Bursa to speculate and make quick profit.
SEAL BHD not yet really have a good rally for a year, Banker may already collected enough of shares to push.
Watched closely.
RM0.40 / RM0.45 is critical point for entry.
SEAL: Pecah support dengan volume yang tinggiCarta menunjukkan support kaunter SEAL telah pecah pada paras harga 0.35.
SEAL baru saja mengumumkan peningkatan keuntungan QR sebanyak 7439%. FA kaunter ini agak kuat.
Namun volum dagangan kaunter SEAL semasa kejatuhan juga agak tinggi jika dibandingkan dengan hari sebelumnya.
Adakah SEAL akan meneruskan downtrend atau akan cuba memecahkan SBR (Support Become Resistance)?
Sama-sama kita kaji.
Muhammad Safwan Romli, RPh
MPharm (UK)
