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WONG ENGINEERING CORPORATIONWONG ENGINEERING CORPORATIONWONG ENGINEERING CORPORATION

WONG ENGINEERING CORPORATION

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WONG trade ideas

WONG buy signal based on MRV1 setup on 5 Jan 24 at RM0.235 The support level is around RM0.295, but a safer stop loss would be RM 0.285 to avoid getting stopped out prematurely The resistance level is around RM 0.350, followed by RM0.410, but the target price is set to RM0.390 to ensure a 1:2 risk/reward ratio The holding period is estimated to be 2-3 months based on the daily chart signal Be careful as this is a low-volume stock and may have high volatility This information is for discussion purposes only and is not a buy/sell call.
MYX:WONGLong
by syafizi
My Predicrion on Wong: Triangle CorrectionWill it goes to Impulse Wave 5 after this, wait for completion of Triangle Correction first (ABCDE). S1:0.62 R1:0.82. 52w H/L 0.986/0.286 Wong engaged in the manufacturing of stamped and turned metal parts and components, welded frame structure, related modules, and systems as well as trading, marketing, and retailing of industrial and consumer products. The Company offers a range of services from design to development and produce metal fabricated parts. Its products range from industrial frames, rack, chassis and cabinets, faceplates and mount brackets, valves, couplings and machining components, shields and heat sinks. The Company serves various sectors, including electrical and electronics (E&E), semiconductor, test instruments, telecommunication, digital imaging, healthcare, and oil and gas. Its subsidiaries include WEC Marketing Sdn. Bhd. and WEC Construction Sdn. Bhd. TAYOR BAYOR YOR
MYX:WONGLong
by JudasVespasian
4
A Divergence Signal!RSI indicates a divergence signal although the candlestick shows a sideway pattern without forming any distinct price trends over some period of time due to the accumulation of the stock by the operator. MACD and OBV indicate an early sign of divergence signal. Hence probability it is a good position to bid before significant price movement towards the MA20 line. To place a bid, use VWAP as a guideline and place your bid below the VWAP line. Let's watch out WONG for significant price movement with volume R 0.695 S 0.610
MYX:WONGLong
by eskopitehmilo
A Breakout Signal!A significant price movement with volume above MA20 from recent trade indicates a price breakout signal. MACD and OBV charts indicate a divergence signal hence a high probability at the beginning of the uptrend pattern. Using Bollinger Band (BB) chart, the price candlestick closed above the BB upper level. The price weekly timeframe indicates a positive uptrend pattern. Will the price be able to continue the price rally-up momentum or have a price correction before continuing with the price momentum? Using Volume Price Action (VPA), the price Point of Control (PoC) is RM 1.84 which is above the VWAP line. Therefore, high probability the price will be rally up on the next day trade. Put WONG in your WL and watch out for significant price momentum with volume. To place a bid, use VWAP as a guideline and place a bid below the VWAP line. R 2.030 S 1.770
MYX:WONGLong
by eskopitehmilo