UNIQUE FIRE HOLDINGS BERHAD
Trend: The overall trend appears to be bullish in the medium term. After reaching a low in March, the stock has been making higher lows and higher highs, indicating an uptrend.
Moving Averages: The stock is currently trading above both the short-term (blue line) and long-term (green line) moving averages, which is typically a bullish signal. The moving averages are also sloping upwards, confirming the uptrend.
Support and Resistance: Key support levels appear to be around MYR0.320-MYR0.330, while resistance seems to be around MYR0.440-MYR0.455 based on previous price action.
Price Action: The stock has shown volatility, with several large candles both up and down. Recent price action shows a pullback from the August highs, but the stock seems to be finding support and potentially resuming its upward movement.
Momentum: While there was strong upward momentum from June to August, it has slowed recently. The current candle (green) suggests a potential resumption of bullish momentum.
Patterns: There's a potential cup and handle pattern forming from July to September, which if confirmed, could be bullish.
Overall, the technical indicators suggest a cautiously bullish outlook. The stock is in an uptrend but experiencing some consolidation. Traders might watch for a breakout above recent resistance levels as a potential entry point, while also being aware of the support levels for potential stop-loss placement.
UNIQUE trade ideas
UNIQUE, DC theme still there?Successful breakout 0.400 and up further 10%
Right now it must cross above 0.440. or else will go for pullback...
Let see how to go.
Maximize profits by protecting the downside and minimize losses by seeking the best price.
Disclaimer: The mentioned stocks are based solely on personal opinions for educational and discussion purposes only. There are no buy or sell recommendations. Trading involves financial risk, and you are responsible for your own decisions. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the information contained herein.
Unique - Is there a strong momentum to reach all the targetN wave with N,V & E projection. Price needs a momentum with high volume to b/o turning point (B) to reach all the target price. Price is crossing up a down Kumo and Senkou Span B act as a resistance at this moment.
R1: Senskou span B - 0.330
R2: Turning point (B) - 0.345
S1: Senskou span B - 0.290
UNIQUE - NS is holding well with SupportSign of Strength in the chart:
1. Shakeout pattern
2. NS with Spring signal
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
