YONGTAI trade ideas
YONG TAISimple setup for reentry for this counter.
1st Entry can be made if price reach hidden base for first time back / retest and make sure TP first.
And 2nd entry can be made inside swap base and hold.
TAYOR.
<TradeVSA> YongTai holding in AccumulationStrength signal in the chart:
1. High volume change of trend
2. Spring bars at support
3. Green pentagon on background
4. Upbars increasing volume
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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
<TradeVSA> Yong Tai showing Strength after AccumulationStrength in the chart:
1. Cluster of closes
2. 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
YONG TAI STILL DOWNTREND(UNDER MONITOR)IF PRICE BREAK TL AND CROSS MA, YOU CAN CONSIDER TO BUY. IF PRICE BREAK THE SUPPORT LINE, IMMEDIATELY CUT LOSS(PANIC SELLING SURPRISE)
Who have the best setup? Ekovest, Gadang, Eloft & Yong TaiStrength / Weakness in the chart:
1. Ekovest
a. Failed to breakout after Up-Thrusst
b. Re-test support to wash weakhand holders
2. Gadang
a. Failed breakout
b. To re-test support
3. Elsoft
a. Failed breakout
b. To re-test support
4. Yong Tai
a. Forming accumulation stage
b. Likely to test support soon
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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
YONGTAI (7066)Last trading price at RM 0.660.
For the past one month, the price has been stable around RM 0.60 level from it peak price at RM 1.75 level. The first momentum kick in on 5/10/2018 to show the intention to stop the retracement in short term.
Overall we still in down trend but as long as the price hold above RM 0.570 above, there still have chances to push back RM 0.80 - RM 1.00 level. After hitting those level, there are few possible results will be form and its unpredictable for now. Its time to cover some profit after wipe out so much retailer at this point.
Target price - RM 0.780, RM 1.00, and RM 1.10
Cut loss - below RM 0.570
Disclaimer: Analysis or results above are solely based on personal opinions. Trade at your own risk.
