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SP SETIA BHDSP SETIA BHDSP SETIA BHD

SP SETIA BHD

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SPSETIA trade ideas

SP SETIA - SIDEWAYS with UPSIDE BIAS ?SP SETIA - Current Price : RM1.40 The stock is currently trading in sideways range. However, i considered it have a potential to UPSIDE movement as the price made a rebound yesterday after touching the 50-day EMA and price is also trading above ICHIMOKU CLOUD. Supported by technical indicator in RSI above 50 (bullish) and stochastic oscillator at oversold zone, a rebound to higher price is expected. Target Price : RM1.48 and RM1.54 Support : RM1.32 (17 OCTOBER 2024 lows) Notes : SP SETIA is a property company and shariah compliant.
MYX:SPSETIALong
by IMRAN_96
SPSETIA - Analysis on potential price movementN wave with E, N & NT projection. The price is currently above the Kumo, indicating a bullish trend, but it's near a potential resistance zone (NT level). The cloud (future Kumo) is flat and thin, showing weak support in the future, which could lead to a reversal if momentum weakens. Tenkan-Sen is above the Kijun-Sen, confirming bullish momentum. The price has recently broken out from the consolidation, and this cross suggests bullish continuation. The Chikou Span is slightly above the price, further supporting the bullish momentum. NT level (0.149): This is the immediate resistance level. A successful close above this could signal continuation towards higher targets. Immediate support is around 1.30, which aligns with the top of the Kumo. If the price falls below this, the bullish scenario would be invalidated. Further support can be found around 1.20, the base of the previous consolidation zone. A breakout and close above the NT level (1.49) could provide a good entry for a long position, targeting the N level (1.62). Since the price is near a key resistance (NT level), ensure proper risk management by placing a tight stop-loss in case of a false breakout. Monitor volume closely; a bullish breakout should ideally be accompanied by a spike in volume. Bullish Scenario: A breakout above NT (1.49) could signal a move toward the N (1.62) and E (1.75) levels. Bearish Risk: If the price rejects the NT level and falls below the Kumo (1.30), it could invalidate the bullish outlook, potentially triggering a downward move. Note: 1. Analysis for education purposes only. 2. Trade at your own risk
MYX:SPSETIALong
by mg6112
SP SETIA VCP3rd sharing of the week is SP SETIA VCP setup with below contraction: C1: -18% C2: -6% C3: -6% To be honest, i a bit confuse during this pandemic period, property demand is good? By logic thinking the economy is impacted and property demand will drop significantly... But, chart is our best insider.... Few property related chart is brewing such as this SP SETIA, ECOWORLD, IREKA. Not sure what is cooking...If can breakout then is real.. Let's monitor together! Can comment below if any opinions from you. Disclaimer: This sharing is based on my technical analysis experience. Not a buy call. Trade with your own risk.
MYX:SPSETIALong
by adamkhoosk
1
Wyckoff Accumulation SchematicsWith the extensive vaccine roll out in Malaysia, most recovery sector has come into play. SPSETIA as one of the prominent property developer in Malaysia looks like preparing for markup phase based on wyckoff accumulation schematics. The price is currently resting on Last Point of Support (LPS) forming pennant flag formation. Target price has been calculated using point of figure with traditional TP at 1.67 and aggresive TP at 1.88. This is merely for study purposes, trade at your own risk.
MYX:SPSETIA
by nizzalsyafiq
BullishClosed above resistance this week, hence the share could be rising to 1.47. Exit below 0.6 Disclaimer: Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment base on your own personal circumstances. The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
MYX:SPSETIALong
by ellynacci