VSTECS, looking for next support?The price has closed below the moving average (MA) line, signaling potential weakness in the trend. Additionally, the MACD indicator is below zero, reinforcing a bearish sentiment. However, a key downtrend line remains in play, and a breakout above this resistance level could shift momentum.
On the downside, strong support is seen around the 3.35 area, which coincides with an uptrend line acting as a crucial support level. A break below this zone may lead to further downside pressure, while a rebound could indicate renewed buying interest.
As always, market makers' next move will be key in determining the stock's direction. Traders should monitor price action closely and manage risk accordingly.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please conduct your own research or consult with a professional before making any investment decisions.
VSTECS trade ideas
VSTECS : Breakout Opening Range High after down days streak
limit up 5 days ago.
subsequently , pullback with 4 days down streaks.
today on reversal day ( day 5 after the momentum limit up day ) :
- gap down during market opening
- mark the opening range high ( 5min )
entry :
- on breakout from 5min Opening Range High
- initial stop loss : below the opening range session VP POC ( using fixed range volume profile )
<TradeVSA> Re-accumulation with VCP. Ready for Breakout?Sign of Strength in the chart:
1. Re-accumulation with VCP setup
2. NS signal near support
3. Weekly chart holding at support
Case Study:
1. VSTECS
2. DNEX
3. PIE
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
VSTECS VCP SETUP (Follow Up)16 June 2021 i published an article on VSTECS VCP Setup and would like to follow up on the development.
The C3 setup further correction from previous 4% (on 16 June) to 11%. Currently the setup is at C4 where observing a 4.5% contraction.
There are two concerns to take note:
1st: Split activity on 2 Aug 2021.
2nd: Quarter report will release on 12 Aug.
Disclaimer:
Not a buy call, just sharing on the technical chart pattern based on my experience. Trade at your own risk.
VSTECS - Pre Consolidation Breakout Pre Consolidation Breakout Setup.
NO INVESTMENT ADVICE IS PROVIDED
DISCLAIMER
Please consider your own interpretation of Opportunity & Risk. The author of this post strictly follows the Malaysian Security Commission ( SC ) Guidelines on the prohibition of Investment Advice by unlicensed parties. Any examples shall use historical charts without any recommendations and not to cause inducement to the public to take action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives. The author will never provide any investment or trading advice as the activity of giving investment advice is likely to be considered as a regulated activity under the Capital Markets and Services Act 2007 ( CMSA ). All posts made in Tradingview do not include any communications involving providing recommendations or opinions or includes any material, content or any statement which are likely to induce a person to take any action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives that is likely to be considered as “advising others concerning securities or derivatives”. The author will not recklessly make any statement, promise or forecast that is misleading, false or deceptive to induce or attempt to induce another person to deal in securities or derivatives. None of information posted in post can be used as investment decisions. Do not trade solely on the information posted. Trade at your own risk and judgement. A trader could potentially lose all money. Only risk capital that can be lost without jeopardizing ones financial security of lifestyle. Please seek licensed professional guidance if you plan to invest your capital seriously.
VSTECH - Volume Contraction - Pre BreakoutNO INVESTMENT ADVICE IS PROVIDED
DISCLAIMER
Please consider your own interpretation of Opportunity & Risk. The author of this post strictly follows the Malaysian Security Commission ( SC ) Guidelines on the prohibition of Investment Advice by unlicensed parties. Any examples shall use historical charts without any recommendations and not to cause inducement to the public to take action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives. The author will never provide any investment or trading advice as the activity of giving investment advice is likely to be considered as a regulated activity under the Capital Markets and Services Act 2007 ( CMSA ). All posts made in Tradingview do not include any communications involving providing recommendations or opinions or includes any material, content or any statement which are likely to induce a person to take any action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives that is likely to be considered as “advising others concerning securities or derivatives”. The author will not recklessly make any statement, promise or forecast that is misleading, false or deceptive to induce or attempt to induce another person to deal in securities or derivatives. None of information posted in post can be used as investment decisions. Do not trade solely on the information posted. Trade at your own risk and judgement. A trader could potentially lose all money. Only risk capital that can be lost without jeopardizing ones financial security of lifestyle. Please seek licensed professional guidance if you plan to invest your capital seriously.
VSTECS - 3Q net profit rises on work from home demandSome infos!
- Revenue for the quarter ended Sept 30, 2020 increased 16.71% to RM536.36 million, from RM459.57 million previously, the ICT products provider said in a bourse filing.
- Compared to the preceding quarter, net profit was up 43.7% from RM7.02 million, while revenue was up 9.5% from RM448.82 million.
Notably reminder!
- possible break at 2.1
- new 3's entry/exit pts
VSTECS Target LONGVSTECS looking for long if price able to break TL and line blue also maintain above it. Enter market after price return back to the breakout area and there is reversal price action form at that area. Else price possibly will test back at flag limit area or flag limit zone (fresh zone) before continue climbing up. TP at nearest resistance.
Higher High and Higher Low for a changing trendThe price action had been having a support on 1.92 and built up a higher high and higher low for the chart with supported with positive momentum. Beside that, the volume of the share had been higher than yesterday, which means are having new buyer coming in.
In the fundamental view, VSTECS always been the market leader in the ICT products distribution industry, therefore it can be capitalising on the post-pandemic "new normal", that had been staying home and working from home had been increasing the demand of ICT products.
Moreover, the Q3 and Q4 always be the better quarter performance for the company. Therefore, it is supported the market sentiment part for the company.