WASCO long time no seeLooking at the chart for Wasco Berhad, here's my analysis:
Current Price Action:
- Trading at RM1.15, up 8.49%
- Breaking out from recent consolidation
- Price testing key moving average resistance
Key Technical Levels:
1. Support:
- Major support at RM0.960 (recent low)
- Stop loss level identified at RM0.190 (16.52% below)
- Support zone around RM1.00-1.05
2. Resistance:
- Immediate resistance at RM1.15 (current level)
- Target price at RM1.51 (31.30% upside)
- Risk/Reward ratio: 1.89
Volume Analysis:
- September 2024: MYR109.098M (-30.54%)
- June 2024: MYR157.061M (+751.44%)
- Recent volume supporting breakout attempt
Notable Events:
- September 2024: MYR23.683M (-46.66%)
- March 2024: MYR101.085M (-2531.5%)
- Showing signs of business improvement
Trading Setup:
- Entry around current levels (RM1.15)
- Stop loss at RM0.960
- Target at RM1.51
- Position sizing suggestion: 1052 shares
WASCO trade ideas
MFA Analysis - WAH SEONG (5142)Wah Seong had triggered author's buy signal when the price hit @ 0.755
The information provided here is an author's general opinion only and neither purports nor intends to be, specific trading advice. The information should not be considered as an offer or enticement to buy, sell or trade. Always trade at your own risk.
<TradeVSA> Pentagon Triggered Buy Signal in Wah SeongStrength in the chart:
1. Increasing volume at support
2. Green pentagon buy signal
3. High volume Line Change
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
<TradeVSA> Accumulation in Wah SeongStrength in the chart:
1. Changes in trend with volume
2. Narrow spread bars low volume
3. No Supply signals at support
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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
WASEONG - Challenges AheadLaburlah Technical Coverage (13-APR, Friday):
WASEONG
Technical Analysis Breakdown
1. Trend: Technical rebound
2. RSI & Stochastic: Reversing
3. Strong resistance: MA50 or 1.495
4. MACD: Close for bullish cross
5. Bollinger band: Pointing downward
Disclaimer: The abovementioned is purely for sharing purpose, you should seek advice from relevant personnel and do your own analysis before making your move.