Intraday SPSetia
I am not sure how's the market today, because it is new year tomorrow
I try my luck to do a intraday, Entry 1.43, TP 1.50-1.55
If no luck today, also ok. I am aiming TP 1.63-1.73
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.
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
SPSETIA is getting stronger. tp 1.50SPSETIA is getting stronger. HHHL is spotted. It may return to next resistance. tp 1.50
#ARTTpick #KebayaTrader
SPSETIATrading parameters: Entry Point (EP) at 0.85, Target Price (TP) at 1.02, and Stop Loss (SL) at 0.68.
SPSETIA TF Daily SPSETIA Time Frame Daily
Hai traders!!!
Woo many time repeated pattern
Just waiting until wave complete
No fomo no buy on top
Just follow the trend
#thisonlyforpredectionstudy
#thisnotforbuycallorbuysell
#chartpattern
#TAYOR
#MFM.TRADER
<TradeVSA> Tested and Solid Support LevelStock to Monitor:
1. SAMCHEM
2. SPSETIA
3. RESINTECH
4. MBL
Sign of Strength in the chart:
1. NS signal in daily and weekly chart
2. Green Pentagon in daily and weekly chart
3. Market Stages = Accumulation and Mark-Up
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
LOW CHEAT SETUP SPSETIALosing in last quarter QOQ and YOY.Price just break the horizontal line with high volume
SP SetiaGOODLUCK TRADERS
TRADE AT YOUR OWN RISK
buy at the support,sell at the resistance will be recommended!!!
“Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.” — Albert Einstein
JUST MY OPINION!
NOT A FINANCIAL ADVISE!!
WAIT FOR BREAKOUT
VCP SETUP SPSETIASector : Construction.Well known company.Increasing QOQ and significantly improved YOY.could be turnaround company
<TradeVSA> SPSETIA - Pullback from Pocket Pivot ?Sign of Strength in the chart:
1. Reaccumulation with Shakeout
2. Green Pentagon + NS signal to confirm the support level
3. Pocket Pivot
4. Potential Pullback...potential NS signal again?
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
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.
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.
SPSETIA (Learning Notes #1)Hello Traders around the World and Malaysia,
I am currently learning Technical Analysis , and this is my first analysis which I call ("Learning Notes").
Any sort of constructive comments on my analysis are very much welcome and will be greatly appreciated.
Let us learn together, and grow together to be a better trader!
Sincerely,
Kenneth Lee
This is not a buy/sell recommendation. Trade at your own risk.
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.
Bullish rotationthe risk is looking so nice for the potential reward. Price action could be in the beginning of an uptrend.
SP SETIALooking short for this counter.. As price breakout the flag limit zone and just waiting for price to create a swap base - break 0.83 level to confirm sellers still dominate this counter.
SnR #26: SPSETIASEKTOR PEMBINAAN
BOD PADA SENTUHAN CANDLE HIJAU DI MA50
S: 0.84, 0.81,
R: 0.875, 0.915, 0.955
#NEWBIE
