SKPRESGood fundamental company, last week just make a reversal sign with breakout downtrend.
Can go higher with current price, use to rebound on EMA 6 and Maa20
Hope this hint can help you guys secure 30% profit ✅
SKPRES trade ideas
SKPRES, still downtrend at this moment Price forming lower.
>> May pullback.
>> Let see whether it able to form a new HL.
>> Qr soon, how about the previous qr result? Similar case happen?
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.
SKPRES 4HSKPRES 4H
The stock jumped and tested the RM1.77 resistance level with a white bullishcandle yesterday.A short-term uptrend is now underway given the higher highsand higher lows formation from its 52-week low of RM1.17.Traders may go long now or accumulate on a pullback, while setting a stoploss at RM1.57 (a tick below the 200-day EMA). On the upside, prices maycontinue to work their way higher towards the historical resistance of RM1.95followed by RM2.04 next.
Disclaimer : This is not a buy or sell call, just for educational purpose.
SKP RESOURCE BHD OUTLOOK 09/06/2022SKP RESOURCE BHD:-
This Counter having a continue Uptrend from From last 3 days and is expected to do the same ahead.
the started the uptrend right from 1.565 and is now at 1.700 and is expected to move up to 1.750 and if i t break the 1.760 mark then a price of 1.850 can be expected.
Support:- 1.535,1.485
Relative Strength Index (RSI):- 76.35
SKPRESS Not Complete Correction Wave 4This is my prediction for SKPRESS . 100% wrong but if it goes right then its only coincidence. Possible places to monitor is @Fib 0.786- soon then it will rebound from there to make Impulsive wave 12345 to Wave Cycle 5
SKPRES IN HARMONIC PATTERNConsider to study and monitor SKPRES's current daily chart which resembles that of a bearish bat pattern where a potential swing trade can be taken from Point C to Point D. Probable EP is at fibo886 retest (1.370/5) and the probable TPs are at Point B (1.825) and Point D (2.225). The probable CL is below Point A and in this respect, below the 52-week low (1.280).
SKPRES TECHNICAL ANALYSISTechnical analysis for SKPRES Stock based on Trend Analysis, Chart Pattern and VPA
1) In Monthly TF
- Overall trend still maintaining the long term UTL. Retracement occur from Feb-May 21 candle and rebound at Fibo 0.382 are considered neutral retracement in healthy trend.
- Current price candle trend had another retracement from Sept 21 candle and Oct 21 candle rebound at Fibo 0.382 considered neutral retracement in healthy trend. Current price candle trend form short candle with upper and lower wick accompany by below than average volume indicate price in congestion area. Give idea this is accumulation phase
- Latest OCT 21 monthly candle shows a short body with upper and lower wick accompany by low volume signal indecision-reversal may occur.
2) In Weekly TF
- Overall trend still maintaining the long term UTL and break out the mid-term DTL indicate the end of mark down phase.
- Current price candle trend moves in shorter range accompany by low volume indicate accumulation phase occur with significance VAP in 1.810-1.860 as immediate support area. Pivot high and low can't be seen clearly in this TF.
- Latest 1 Nov 21 Weekly candle show a short body with upper wick accompany by low volume signal market in congestion.
3) In Daily TF
- Overall trend still maintaining the immediate Support line and the possibility of Bullish Pennant to occur with highest VAP in 1.815-1.845 as strong support area.
- Current daily price candle trend is retraced and staying at Fibo 0.36 area are considered neutral retracements in healthy trend. Current price candle in congestion period with price candle move in short range accompany by low volume indicate accumulation phase occur with highest VAP in 1.815-1.845 as immediate support area.
- Latest 5 Nov 21 candle give a bearish candle with lower wick accompany by low volume indicate selling pressure is dry. Price may move higher to immediate resistance.
SKPRES could see further upside in the coming weeksMYX:SKPRES has broken out and is looking to further rally to an immediate target of RM2.05 then RM2.25
What do you think?
SKPRES VCP SETUPSKPRES developing VCP with below contraction:
C1: -36%
C2: -12%
C3: -7%
C4: -7%
C5: <5%
Awaiting breakout with volume.
Disclaimer:
Not a buy call recommendation, technical analysis sharing based on chart pattern. Trade at your own risk.
SKPRES ; This is Interesting to monitor, W3 on the way?Base on this trend it is bullish..TAYOR
The Company is engaged in providing management services to its subsidiaries. The Company is involved in the sub-assembly of electronic and electrical equipment, and other secondary processes. The Company offers a range of products, such as computer accessories, video accessories, audio accessories and miscellaneous accessories. The Company's subsidiaries include Syarikat Sin Kwang Plastic Industries Sdn. Bhd., Plastictecnic (M) Sdn. Bhd., Goodhart Industries Sdn. Bhd., Bangi Plastics Sdn. Bhd. and S.P.I. Plastic Industries (M) Sdn. Bhd., which are engaged in the manufacturing of plastic products; Goodhart Land Sdn. Bhd., which is engaged in letting of property and property holding; Sun Tong Seng MouldTech Sdn. Bhd., which is engaged in the manufacture, fabrication and sale of molds, and Goodhart Technology Sdn. Bhd., which is engaged in the manufacturing of metal molds.
SKP RESOURSES : Inverted HaSCould be price going up.
Just a prediction, traders may look for additional confirmation.
Disclaimer
Any information contained in this page should be considered as general information, research and learning only. I am not responsible for any actions and decisions made based on the information from this page. Thank you
#TAYOR
SKPRES INVERTED TRIANGLEAlready breakout neck of inverted triangle with high volume
Price discount everything,possibly next quarter report on 31aug will support this breakout pattern
Weekly MACD already crosses up,shows some strength movement
Need to defend above fibo 0.5 or 0.618I hope it will go down to fibo 0.618 first next week. then can ep?
SKPRES to Rebound from EMA50This counter has the tendency to bounce from dynamic support EMA50 to remain bullish. Perfect time for entry. Among the biggest EMS together with VS and ATAIMS.
Support at 2.170~2.225, resistances at 2.315, 2.405 and 2.550.
Disclaimer: Trade at your own risk.
SKPRES - Potential Buy on DipTurtle and Fift showing Uptrend, Bullish, and Strong Bull
Fast Turtle Buy if close aboe 2.39
Slow Turtle Support at 2.75 (About 5% Risk)
Potential Morning Star Bullish Reversal pattern.
MCDX Banker's 61%.Retailer 0%. Good support from bullish volume. uptrend
INARI, QES, SKPRES Price Action Analysis - the Sky is the limit?Find out how to swing trade MYX:INARI , MYX:QES , MYX:SKPRES while the price is almost at all time high to ride on this strong uptrend in Malaysia technology sector.
In this video, Wyckoff trading analysis with volume spread analysis is used as the core technique in the price action trading strategy to dissect how to ride on the stocks in a strong uptrend.
