Introduction to SAMCHEM SAMCHEM's core business is the distribution of chemicals to over 7000 clients in various industries that would benefit from the global economic recovery. SAMCHEM’s distributed product mix are: Polyurethane(PU): mattresses, car seats intermediate chemicals used in manufacturing, construction, agricultural, adhesives, industrial cleaning,...
After 3 months of consolidation, SAMCHEM is waking up and ROARING to start its new multi month BULL WAVE. Its technical signals are all pointing towards a bullish uptrend that one should not miss out on. For this posting, I will just focus on the technical aspects of the stock. For the fundamentals of SAMCHEM, see previous posting dated 5th Jul 2021, titled ...
MYX:D&O D&O has completed its 2 week correction and was strongly supported by its EMA42 (Red) trendline. For the past week, its price has also been elevated and sustained above the EMA18(Green) line and closed at the high of 4.25. This strongly suggests a continuation of the bullish momentum next week. Important indicators: MACD - Converging and a golden cross...
Successive higher lows and higher highs. A fresh MACD GC just occured and RSI is increasing indicating growing strength in bullish momentum. This is looking to retest ATH at 0.570 and the creation of a NEW All time high.
On the weekly timeframe, PA is breaking out of its 52week high. and its MACD has formed a GC above 0. Its volume is increasing week on week and depicts strong buyers are in control of the stock price. My TA indicators are all pointing towards the continuation of the uptrend for PA for weeks to come ceteris paribus. Key levels to watch out for: R1 = 0.60 S1 =...
This is an update to the my previous posting: HARBOUR - bringing your profits to shore (5th of May 2021). Quick technical notes: Price > EMA 18 EMA 18> EMA 42 MACD GC > 0 Volume - buyers in control RSI up-trending These technical setups are promising for a breakout. The final decision to buy/sell is yours. Thank you. Regards, FairTrades
Harbour has consolidated for the past 3 months and has finally showed signs of the start of a new bull wave. The EMA18 line has crossed above the EMA42 line just recently and the price has sustained above it for over a week. A MACD Golden cross has formed above the zero line, indicating a bullish upmove. The volume over the past 7 trading days depict the strong...
Granflo has created a higher low, and is attempting to challenge the recent high of 0.725. A break above this Resistance would allow Granflo to scale new heights towards the uptrend channel resistance of 0.93+-. Daily MACD GC should materialise next week along with the break above the R = 0.725. Good luck.
Granflo has created a series of higher lows after its correction a month ago. today it successfully broke above its ascending triangle with a pending MACD GC on the daily timeframe. Monitor for the MACD GC along with the break above the ATH of 0.72 and Granflo should see blue skies ahead.
MYX:D&O D&O has completed its 2 week consolidation and was strongly supported by its EMA42 (Red) line. For the past week, its price remained elevated above the EMA18(Green) line and was able to come to a strong weekly close at the high of 4.25. This strongly suggests a continuation of the bullish momentum in the coming week. Important indicators (Daily): MACD...
MYX:PA PA has consolidated for the past 2 weeks with diminishing volume. Its price range is also tightening as seen on the chart, A breakout from this range would confirm its immediate trend. Currently its MACD is flat and above 0, any movement upwards or downwards would result in a GC/ DC. I am bullish on PA. For the past 2 weeks its volume depicts buyers...