YBS riding the minor trend on daily charta simple cycle analysis on daily chart of minor trend taken from peak and trough of the market.
YBS trade ideas
YBS Swing ideaAs you can see YBS has started to form an opening triangle pattern and twin tower candlestick pattern on the daily chart, the price might go up to RM 0.36 - 0.4 before going retest back down to trendline
YBS EW wave countYBS
1) Price still in wave 4 of 5 with ABC regular flat setup completed.
2) If price can break the 370 resistance, price may trend towards channel trendline between 430 to 450.
3) If price breakout from the channel, this may confirm that primary wave 5 has started.
4) If price failed to breakout from channel, it may go down to form WXY complex correction.
5) Support 330.
FA wise, if they can maintain next few quarters around the same results, PE20 fair price is 40sen, PE25 is 51sen, PE30 61sen
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#YBS DTF - Fibonacci Strategy trading plan - Case Study Case Study :-
Fibo Strategy
Wave Strategy
The most of strongest Momentum wave - Golden Wave (impulse)
Criteria :
Minor wave 3 in 3rd impulse major Elliot Wave
Strong Bullish Momentum volume unusual
Steepness of a trend line increases from 45% to 70% deg
Strong Break in bar retracement symmetry leading to a change in trend behavior
Bullish gap up price action
YBS Technical AnalysisLooking to breakout from Handle!!!
* same chart as Mclean. Both are having the same behaviour.
#YBS - FIBONACCI STRATEGY TRADING PLAN ANALYSYSWill retraces till Fib Retracement golden Ratio 38.20% and reversal uptrend
FIBONACCI GOLDEN RATIO % STRATEGY
Fibonacci Retracement
38.20% - Minimum Corrective Wave
61.80% - Maximum Corrective Wave
Fibonacci Extension
100.00% - Minimum Impulse Wave
161.80 % - Maximum Impulse Wave
Long Term TP 1.00 - 2.00 Consolidate after surging of >100 %
Price is support strongly and expect to move up more after the rest.
TP 1.00
YBS (Finance) - Ideas updateNotes
-- With respect, YBS hasn't change a lot this week. Yet it manage to increase YTD up to 80% comparing with Yearly Performance 140%. Seem like a progressive increase towards this stock.
-- By using Trendband, its show that the price movement already hits a new 52 weeks High, the green plot background also above the directional line (purple) and also above two EMAs line(100 &200), which sound great. But comparing to Bursa Finance Index (which indicate moving sideways), I assume that this counter might be ongoing few long correction before it pull out to breakout level.
- At meantime, suggest point to enter shall be in between Soft Support and Resistance. SL might be a bit closer at 2% to 4% indeed.
YBS Might Test 0.250 AgainYBS has just had a downtrend line breakout and is currently at support 0.205.
If it manages to break this level it might retest 0.250.
Above 0.250, things might get even more interesting.
Breach from this support might see YBS testing the down trend line again with support at 0.195.
try to buy this trade tomorrow of deep.Deep buying may be good and low risk, but it the matter of time for investors and traders to alert that this stock is ready to fly(just kidding) but may be. Good buy area, low risk, i like the volume,. Ready to go for next week.
YBS [15 October 2020] Buy On Resistant Zone Break OutMYX:YBS
SWING: 2 DAYS TO 2 WEEKS
Breakout Downtrend Line
52 Weeks High Line
Fibbonaci Retracement
Candlestick Support & Resistant Zone
Trendline Support & Resistant
Sauk YBS jangan tak saukkPemerhatian dan decision boleh dibuat apabila YBS dah moving ke arah line biru fico dibawah.
Untuk EP boleh consider untuk masuk kat line fibo biru dan worst case kalau jatuh,boleh CL kat fibo merah sebelum buat decision untuk re-enter semula based on the next candle reaction.
EP boleh consider untuk tunggu kat line hijau atas ataupun before sampai ke line hijau.
Tayor...
