After a long wait (recently short of patient due to heat wave), this stock counter finally launch the rocket. The first resistance now is 0.38 and we will continue to monitor if it can go even further. Disclaimer: everything share here is just my personal opinion for educational. No recommendation to buy or sell. Happy Trading!
Paramon, forming a triangle pattern. Market sentiment improved with stable political condition. I am seeing short term TP1 at 1.05, TP2 at 1.09 follow by TP3 1.15. Stop loss at 0.940.
Very interesting counter after 2 weeks of small retracing and now reaching 0.84 resistance line again. If it break up 0.84, we will see it continue to surge up to 1.11, 1.29 and 1.60 zone in next 6 months.
After 2 weeks of rebounding from the bottom, it has come to the weekly trendline resistance at 0.425sen. Obviously it is not the right timing to enter as it will retrace anytime from the resistance line. Hence, the surge of price does not supported with volume. I will wait for the higher low form above this resistance line before making any consideration. That...
Oil and gas sector has attracted investor and many of counter in this sector is ready to break up the resistance. Velesto is one of them who breaking up the resistance and now supported at 0.255sen. Set your SL at RM0.220. PM me for more stock analysis.
After two support point formed above EMA50, the price starting to surge high, where I will set my Target price at RM7.500. With my risk controlled within 5%, I can set my stop loss at RM6.600. A good fundamental counter with technical analysis signal show up, I will see this as a worth to try trade. Feel free to express your ideas and thoughts in the comment...
ASB after a month of side way, these 3 trading day has increased its volume and break out from the price 0.170. We can see from Fibo retracement, it has been settled down above 70.5% or EMA25 line. On RSI indicator, we can see it is starting crossing up from 14 days average line and pointing up to upper zone. Although technically it looks very attractive,...
After a months of price falling, at last it landed at EMA200, which can be a very strong support line if we based on the past record. Similar horizontal support can be recognized at 21Oct22 and 15Nov22. If we look at RSI Indicator, we can see RSI is forming a cup pattern which is showing over selling momentum is over. However, for more confirmation, you can...
LOW, forming a very typical VCP chart pattern now expecting to form the last contraction pattern (C3), hopefully. But either another C4 or C5, now is still a very safe entry point, where the price is standing above EMA200, or $200 price level. If we set $194 as stop loss, we are still within 5% risk to 25% reward (Target price $250). Isn't it a nice deal?...
Apple Inc, after rebounding from a lower low pattern, it is now entering into critical Fibo resistance zone 0.618 to 0.705, which is near to EMA200 major resistance as well. Expecting trend direction confirmation after release of quarter result on 2nd Feb next Thursday. Normally we will not recommended for any position at this moment after the trend direction to...
Although market is giving positive response to the Quarter result but personally I still consider it in downtrending pattern. It is forming a 6th wave and hopefully it is the last wave before my entry. Lets wait for the a higher low pattern forming for safe entry.
DXY after a long bearish trend is now touching down to Fibo 2.618 which is 101.361. I am expecting a rebounding or a side way at this zone with upper resistance at 104.835 area. Second resistance will be at 106.462 area.
To gain in stock market is not difficult. But it require a strong discipline and patience. From Dayang counter, if you apply VCP pattern and enter at its breakout zone which is 23Aug2022, by now you are enjoying at least 40% profit margin in 82 days. Imaging if your entry price is RM1.000 with stop loss setting at RM0.910, your risk is around 5%. What a...
Samaiden, a very tricky stock counter which require a strong heart holder and faith on it. A false breakdown to VCP support line and immediate pull back and surging high. With my safe entry price at RM0.760, now I have 10% profit margin in hand. My TP1 will be 0.950 and TP2 will be 1.120. Let's dont let the music stop.
A very nice VCP set up and then breakout from the resistance of RM1.460 which is now at least 7.4% from my recommended entry zone. RSI at 75 now consider a very strong momentum and I am expecting it will further surge to higher level. Stop loss setting is now at RM1.400 and my target price is RM1.780 (21% profit margin).
Velesto, after reached my target price 0.220, now entering a strong resistance zone from RM0.225 to RM0.280. RSI at 81.30 consider strong selling zone and certainly not a safe zone to enter new position. For those who wish to participate in this uptrend can wait for price retrace back into RM0.180 to RM0.160 with stop loss setting at 0.140. Disclaimer: Stock...
My chart does not need a lot of complicated indicator. So I always got Moderator to label as "not suggested" publish. If indicator is working, why so there are still so many people losing money? If indicator is not working, then why still so many so call Analyst publish a so complicated line flying here and there? Only when you understand the pricing...
Continue to break high. RM1.15 is the important resistance and we will see if it can close above this price.