UZMA trade ideas
UZMA - Bullish BreakoutUZMA
Theme: Solar/ O&G
Rst: 0.85
Spp: 0.795
Bullish pennant breakout supported by good volume and strengthening indicators, the charge may extend towards RM1 but do expect red candle to test your patience tomorrow, in case you’re riding.
UZMA Weekly TimeframeDouble Bottom Reversal Pattern confirmed with breaking Down Trend Line. Next critical point will be to break MA200.
Worth to plan for long term game. First Retracement After Break-Out may the best entry plan with own Risk to Reward Ratio.
UZMA MARK UP PHASEAs predicted, Currently showing SOS with LPS
For now, on going 3rd EW --> Possibility to end around 1 - 1.025
(Or even Higher, however need to wait for price to reach 1.025 )
Bursa UZMA BerhadThe pullback might fall to the potential zone before it continuing uptrend.
Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
UZMA GOING FOR MARKUPcurrently evidenced by JAC (widespread of price with rise in vol)
+SOS
phase D of wyckoff
soon markup?
current strategy : trade in range (inverted H&S)
Reciprocal PatternReciprocal pattern has appeared with bearish RSI divergence.
Projected price to retrace to TP1 0.565 and TP2 0.55
UZMA Looking Good for Early Stage Up TrendAs of writing BRENT is steady at USD44+. If this continues for the next 2 week, we may see UZMA to start an early stage of up trend. Rebounds at 0.46 gives the confirmation of the up trend.
Due to the volatility of the crude oil, I would suggest for a quick trade with EP at 0.48, TP at 0.54, CL at 0.46 that easily gives you 3R.
Cut loss as soon as you can. Don't ever wait in this volatile market.
Uzma, slowly come backMiss out this stock honestly. Now it reaching its 0.515 resistance. Wait for it to break first.
Ready for energy play?Kajian dan panduan untuk rujukan sendiri.
See Money Take Money 🤑💵 #smtm #tayor0509
Uzma, jangan jadi ulam 0.630sen need to break first before i look back at you.
If not, i rather eat ulam.
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UZMA 1/8/2020An almost triangle breakout. Next resistance would be at RM0.690....the momentum will largely be dependent on oil price movement.
UZMA 1/8/2020Wedge shape triangle is forming here. Looks like in consolidation mode at the moment. Lower highs are obvious, but not lower lows. Price seemed to be well supported at around 0.570 area.
Economic sentiment is not fantastic, investor confidence is recovering from the oil crash late april.
Will need to observe a few more candles to see if more lower lows will be formed. If it doesnt, it will be good.
UZMA will be testing resistance again for a BREAKOUTTrading Idea for UZMA. The price will most probably break the resistance and continue the bullish trend. Trade at your own risk.
UZMA looking good and stand above fibo 0.618! currently uzma stand firmly at the support area ! looking forward to break the resistance ( red circle) and stand above fibo 0.618 (0.685).
Resistance: 0.685
Support: 0.615
Wolf
