ZELAN trade ideas
Zelanzelan has reached major support area. Can look for buy opportunity around 0.105-0.11 with -10% sl and 80% profit. Risk reward ratio 1:8
ZELAN CLOSING GAPZelan already closed the gap and rebound to 150 before dipped to 110 and stochastic is already oversold.
can keep this counter in the W.List for EP as the Elliot Wave might have touch its low before rebounding.
Waiting for VR above 1.0 to enter.
Zelan Accumulation Schematic. Accumulation Since 20161. Fresh Breakout at 16 sen. Wait until Signal of Strength appear with high volume.
2. Price moving in a channel. Maybe will test 8.5 sen at support first.
Bullish BreakoutTP1: 0.19
TP2: 0.29
SL: 0.075
HAPPY NEW YEAR 2021!!🎉🎉
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Bursa ZELAN - Will it go UP Soon?Currently, my price sitting at 0.113. Looking for it to break & go next level from this current zone.
Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
ZELAN AnalysisDisclaimer: This is not a buy call but for learning purpose
Technical analysis
Testing next resistance
Price at EMA 20
RSI & ZL-MACD above centerline
Trading idea (entry if breakout)
Entry price: 0.130
Cut loss: 0.120
TP1: 0.150
TP2: 0.170
LONG: On its way to test next Resistance at .15MYX:ZELAN has been breaking up trendline resistance and might continue to do so especially given the sectoral comeback post-budget 2021 which saw some bullishness towards construction sector.
Any pullback can be strategically averaged down as long as it does not break below .10.
DISCLAIMER: This is not an investment advice nor a buy call. This is just some analysis of based on some technical factors imbued with a little fundamental support. This analysis is based on lagging (past) data (ie historical prices) thus any forward looking statement is just based on perceived highly probabilistic assumption(s) to assist personal trading decision.
TestOrange line: Support.
Red Line(s): Support & CL
Green Line: TP
Maybe will subway first for awhile.
#depends on market.
#TAYOR
ZELAN [27 September 2020] Strategy: Buy On Dip in Support ZoneMYX:ZELAN
Breakout Downtrend Line
52 Weeks High Line
Fibbonaci Retracement
Candlestick Support & Resistant Zone
Trendline Support & Resistant
JUMP HIGH ZELANBearish harmonic pattern appear which tells us a probability of extension price towards the greener level of price before doing the reversal at the red line.
Well, if you're already in, my tp target is at the green line above.
Tayor...
