WILL SIGNATURE MARKING UP?A typical Rising Bottom (Re-Accmulation Schematic #2)
Despite huge supply on 6th & 14th February, price still trending Up (Red Arrow)
In terms of price action, nothing to be pointing as it is very obvious to Wyckoffian
So, Based on presumption of BUEC :
Tried to get in around 1.63-1.64 , failed
Bursa Malaysia has been experiencing a very tough environment past few months,
With Foreign Inst became Net Sellers (Consecutively)
Ep with SL as attached, Tight Risk
Pure Wyckoff
SIGN trade ideas
SIGN of Power MoveCorporate Name : SIGNATURE INTERNATIONAL BERHAD
Symbol & Code : SIGN (7246)
Board : MAIN
Shariah : Compliant
Sector : Consumer Products & Services
Sub-Sector : Household Goods
• Weekly: Breakout from downtrend line. The price moved past 200MA. 50MA and 20MA one will follow soon
• Daily: Large green candles separated by small up gaps, and smaller red candles on higher lows. Buyers are dominant. SIGN attempted to break the same resistance twice. Now it has rebounded on 50ma, the momentum is bigger and hopefully it will break this resistance level.
• EP: 0.53-0.55
<TradeVSA> Pullback in KNM and Signature?Strength in the chart:
1. Changes in trend with volume
2. Hit resistance and pullback with spring
3. Wait for confirm Spring
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Signature International Berhad The price is currently quoted at 0.385 and is therefore in a large support range.Should this range hold, there is great potential to see another upward movement to the next larger resistance between 0.875 and 0.750. If the last high is reached at 0.625, the long-term downtrend is to be considered as broken. The RSI (14) indicator is coming out of the oversold territory and confirms the declining momentum of the current trend.
The MACD indicator is also about to cross. If the indicator additionally manages to cross the zero line, an upward movement is likely.Short-term oriented investors can speculate on a movement towards 0.625. In the Long Term, a break in the current trend should be waited for to minimize the risk. If the support level does not hold, no more investments should be made, because this means a continuation of the current downtrend.
Conclusion
In summary, Signature International Berhad is a company with potential. Its steady growth and good market position open up opportunities.
If the company manages to increase profits in the next fiscal year, the technical situation should also improve. Trades with fast profit hedges are possible at short notice. In the long term,
investors should wait for a turnaround.
Targets could be 0.625 and 0.750.
DISCLAIMER
This presentation solely meant for information purpose and does not constitute as investment advice. We may or We may not take the trade that we presented. All estimates, projections, forecasts, expressions of opinion and other subjective judgments contained in the presentation are based on assumptions that considered to be reasonable. We are not responsible for any liabilities arising from the result of your market involvement or individual trade activities.