SPSETIA trade ideas
SP SETIA ANALYSISLooking at the fundamental, the company has a very good fundamental as the company has actively developing mega project in KL Area.
The market capital is quite big at 3.881B and number of shares is also big which is at 4B. PE Ratio maintain below 15 which is the price is quite good to enter.
From the technical point of view, the price goes sideway for almost two months which is at the price range at 0.700 to 0.840 and break out on 29th of May 2020. As at now, its not the best time to enter as we will need to wait for the price to retrace a bit at EMA10/EMA20. Thus, the best time to enter will be at 0.895 and swing for the next few weeks.
SPSETIA Bullish?The chart shows the uptrend for the past few days. Currently, the chart are reaching the resistance line, wait for a while and let's see either the chart will make a retracement or continue the uptrend
EASY123 Prediction @MYX SPSETIALife is simple...Trade with Simplicity!
*The Trend direction: Rebound UPTREND - as Higher-High & Higher Low was observed (Green background region).
*Rebound Uptrend = interim uptrend, as the Price is still close below our lifeline (Redline).
*Bottom signal was sighted on 25-Mar.
*Numerous turning points (Purple-candle) have appeared, a strong indication of the price will revert to upward direction.
*The accelerate signal (White-Diamond) has sighted on 16-Apr, a strong indication of the strong buying momentum.
*The "take-off" signal (Yellow-candle + Alert-Bell) has sighted on 23-Apr, an indication of strong buying momentum.
Prediction: The current price will try to test the immediate resistance R1. The crucial point, the price must break R1 to take-off to the next level.
Preference Strategy: Swing trading (Follow the BUY/SELL Signal respectively).
Target Price: R1=0.88-93 & R2=1.08-1.11
Support/Cut Loss: S1=0.76 & S2=0.69
*Crucial Support level S3=0.55, this support must not be broke in order to maintain the uptrend.
*Reminder TP & CL is an individual preference & decision. No fixed rule or guideline for it...Trade at your own risk.
Signal's Interpretation:
BUY Signal:-
*Green-Background = Indication of an Uptrend
*BT-Yellow-Diamond + White-Candle = Indication of Bottom signal.
*Green-Upward-Triangle = Indication of Hot-seller, potentially a Bottom signal.
*White-Diamond = Indication of a strong upward momentum accelerator.
*Purple-Candle = Indication of a strong turning point or a trend reversal.
*Yellow-Candle + Alert-Bell = Indication of Price take-off area.
SELL Signal:-
*Red-Background = Indication of a Downtrend.
*Red-Dot = Indication of Hot-buyer, potentially a Top signal
*Blue-Candle = Indication of Price selling off area.
SPSETIA analysed on 19/5/2020 4.50pmuptrend
touch trendline (support)
volume in
stoch crossed
TP next resistance
EASY123 Prediction @MYX SPSETIALife is simple...Trade with Simplicity!
*The trend direction: Trend reversal from Down to Up. (Must not break the S1 to maintain the trend)
*The Bottom signal (White bar) sighted on 31-Oct.
*Price tested the lifeline (Redline) & close above today.
*The Bell alert appeared on 05-Nov &19-Dec, a signal continuation of momentum.
*The Star alert appeared on 10, 17-Dec, a signal of strong buying momentum.
Prediction: Watch out on Breakup for the rally to start.
Preference Strategy: Swing trading (Buy/Sell Signal)
Target Price: RM1.66-1.70
Cut Lost: If broke below S1 Support RM1.18.
*Reminder TP & CL is an individual preference & decision. No fix rule or guideline for it.
SPSETIA 03/01/2020 updatemove up SL to 1.460 to lock in profit and clear position if trend line broken
SPSETIA 27/11/2019Weekly still downtrend but daily downtrend broken and created new high,
Price is at daily new demand zone and at lower bound Bollinger Band.
Recommend buying and holding for a bit longer time, fundamental good (0.44 Price to Book and good branding) when property sector come back shares may run.
Potential Upside 60%! Which counter?! SPSETIA!! STRATEGY - PRICE VOLUME ANALYSIS:
SPSETIA, bottom formed. As mentioned few weeks back before the property sector boomed, one of the most potential sector for now is PROPERTY Sector!
When we involve in trading activities, we should select only the leader which will generate a huge upside in a more powerful and faster way, such as SPSETIA and ECOWORLD. PVA (Price-Volume-Analysis) helps a lot in decision making. Learn and earn together!
SPSETIA, a W-bottom was formed obviously, indicating a reversal in the trend in this counter, together with the recovery of the whole property sector. Last Friday, it made a further Bollinger Band breakout after the W bottom breakout! Huge momentum.
A near target has been analysed to be RM1.70 zone, and a stronger one at RM1.87 and RM2.00. We remain the final target price of RM2.25 after RM2.13 to complete the whole trend reversal. This indicates a huge upside of 60% from the strong breakout at RM1.40!
ShareWorldConsulting has strongly believed that Property sector should be in focus for now.
Gentle reminder: Plan the trade and trade the plan. Trade at your own risk. Stay tune!
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SPSetia Volume Spike1) There are volume spike in this counter. Highest in its history.
2) Current price range is around the lowest price. All time low around 0.975.
3) Overall, this counter is still downtrend but worth to monitor closely due to its volume this past few days.
4) Current support at 1.25, and last support at 1.205
SPSETIA (OVERSOLD STRATEGY)Sideway — Low position increasing volume — Oversold — Doji Candlestick — Support with high volume — Relatively longer bottom shadow line
Possible Bottom Catch Entry Setup + Rebound Signal.
EP: 1.245
SL: 1.24
*Disclaimer: Information above is JUST for sharing and educational purpose ONLY .
SP SETIA (Malaysia)Price already break the trend and now making flat pattern before continue bearish. Waiting another confirmation after price breakdown the flat pattern.
