SENDAI - Looking for a potential bullish momentumThe price is hovering near potential breakout levels around 0.565. The last candle shows some upward momentum.
The downtrend line indicates resistance that the price is approaching. A breakout above this level could signal a bullish move.
Buy on Breakout: If the price breaks above 0.565, this could serve as a trigger to enter a long position.
Set your stop loss at 0.470, just below the significant support based on past price actions. This provides a buffer against potential losses.
Ensure that the risk-to-reward ratio is favorable. With an SL set at 0.470, you’re risking approximately 0.095 per share for a potential gain of 0.065 to 0.170 (depending on which TP level is hit).
Adjust position size according to your risk appetite and portfolio size.
Keep an eye for a clear breakout above 0.565 while monitoring volume spikes for confirmation. Ensure to manage your risk effectively with a well-defined stop loss and take profit levels.
SENDAI trade ideas
EVERSENDAI CORPORATION BERHADTrend :
Current Situation: The recent price action shows a slight rebound from the lows, with price pushing above the moving average.
Indicators :
Bollinger Bands : The price is currently touching the middle of the Bollinger Bands. This usually indicates that the stock is in a neutral zone after rebounding from the lower band. The upper and lower bands suggest a period of volatility expansion earlier, but currently, the bands are contracting, indicating a period of low volatility or consolidation.
Key Support and Resistance Levels :
Resistance: Around MYR0.60 (past peak levels from July and early August).
Support: Around MYR0.480 (recent low in early September), also aligning with the lower Bollinger Band.
Possible Scenarios :
Bullish Case: If the price continues to rise above the moving average and heads toward the upper Bollinger Band, breaking the resistance around MYR0.60, there could be a potential move higher toward MYR0.65 and beyond.
Bearish Case: If the price fails to sustain above the moving average and breaks below MYR0.50, it may retest the recent low of MYR0.480 or lower.
SENDAI - Analysis on potential of price movementY wave, target (E) within stipulated range.
The price is at 0.520, showing consolidation near a potential minor resistance zone after a short-term bullish reversal from the turning point (D).
The price has crossed Tenkan-Sen and Kijun-Sen but needs to stay above both lines to confirm continued upward momentum.
A possible entry can be considered if the price manages to break above 0.525 with strong volume, confirming a continuation of the bullish reversal. Ensure to wait for a clear break and close above this level. Watch for increasing volume and momentum as the price approaches the 0.525 level. Failure to break this level could lead to further consolidation or a potential pullback to the support at 0.500.
In summary, the market has the potential for a bullish continuation if it stays above 0.525, targeting the 0.595 and 0.610 levels. However, close attention to volume and price action is essential to confirm the move.
R1 - 0.525
R2 - 0.540 (Senkou-Span B)
R3 - 0.570 (C)
S1 - 0.500
S2 - 0.425
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
SENDAI price is looking for bullish run till 0.70 ?
we must alert, that this stock may need more time to fly to intended level, good for long swing
compared to wct, sendai had more orderbook
still, still change price further drop 0.6, i wish to wait and see first now, if it go more below than i will try to snuck some
SendaiJust starting uptrend.
minimum risk around to cover for short term risk is about 5%
but we've got the mid term risk about 13%. Price might retest into mid term support but then rebound again .
But somehow they might to dive into long term support
As looking today it's having a momentum criteria.
Update(Sendai) - Sendai has breakout the strong resistanceSendai have break the strong resistance at 0.16 which means will be a strong uptrend as long as the company performed well. The current price now is nearly 52weeks at 0.235. If the price break at this 52weeks high it will create a strong uptrend movement.
Tutorial: Filter 3 with MACDExample: SENDAI
When filter 3 appears, it indicates a strong breakout signal with price and volume confirming the upward momentum.
At the same time the MACD is above 0.000 i.e., up trending, it is more likely the price will make new high.
Example: SENDAI
The following day it broke F3 high and continue making new high.
TAYOR.
SENDAI - Pre Consolidation Breakout Pre Consolidation Breakout Setup.
NO 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.
Trading Idea SENDAI (14/01/2020)Trading Idea SENDAI (14/01/2020)
Entry: 0.25
Target: 0.29
Stop Loss: < 0.235(based on closing)
Investment Period < 1 month
Disclaimer: The above trading idea is intended for informational purposes only so please do your own analysis before making any investment decision.
EVERSENDAI CORPORATION BERHAD (5205)Stochastic and RSI oversold condition with MA20 crossover as buy confirmation, R/R ratio 1:1
Invest 4000 unit RM1180
Target profit - 0.465
SL - 0.125
Profit target - Rm680
SL - RM680
Disclaimer -Trading Futures, Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Articles and content on this website are for entertainment purposes only and do not constitute investment recommendations or advice.
Saham Sendai Eversendai- nampak menarik, tetapi hati hati, lebih baik duduk tepi, menmebusi ressistant 0.270, dijangkakan market akan melakukan retracement pada harga 0.245 fibo,trend tidak kukuh walaupun dari segi gambar ini petanda baik market sedang melakukan uptrend. tetapi tidak salah sekiranya ingin mencuba dengan modal yang kecil entry buy pada 0.235. tetapi dari padangan teknikal market ini masih lagi dalam keadaan neutral.
