Simple13_Trading

Simple13_Trading

Technical Setup: The stock took 67 days to break out of the consolidation zone between RM 0.96 and RM 1.16 with high volume, indicating potential bullish momentum. After the breakout, there is a high probability of a pullback, which creates an opportunity to enter at lower levels within the buy zone. Entry Strategy: Plan to accumulate shares during the pullback...

Simple13_Trading

Technical Setup: The stock is trading near its 52-week low, which suggests it might be oversold. The RSI is also in the oversold area, increasing the likelihood of a potential rebound. Financial ratios show PE at 21 and ROE at 22%, indicating that the stock’s fundamentals remain strong, and it may be undervalued at current levels. Entry Strategy: The buy zone...

Simple13_Trading

Technical Setup: The stock previously rebounded from both the uptrend line and the Fibonacci 0.618 retracement level, indicating strong support. However, if the uptrend line breaks, it could signal a weakening of the bullish trend. Entry Strategy: Buy MI Technovation shares in the entry zone between RM 1.74 and RM 1.90. This range offers a favorable risk-reward...

Simple13_Trading

Current Price: RM 2.08 Profit Target: RM 2.30 Buy Zone: RM 1.95 - RM 2.08 Entry Strategy: Start accumulating KOSSAN shares in the buy zone between RM 1.95 and RM 2.08. This range offers a favorable risk-reward ratio. Profit Taking: If the price reaches RM 2.30, take profit, as this area is considered a resistance level or the stock may be overbought, and it...

Simple13_Trading

Today, we explore the buying opportunity base on trendline support, weekly 20 EMA support, Fibonacci retracement and area of support base on price action. Technical Analysis: 1) Uptrend - As refer to the chart above, the uptrend is still intact. Previously, it broke the consolidation area at 2.18. - 30 EMA above 50 EMA / 50 EMA above 100 EMA / 100 EMA above 200...

Simple13_Trading

Would like to share my trading strategy that combines the three elements as below. 1. Identify a stock that has been in a consistent uptrend 2. Consolidation for longer period. (Above case: > 120 days) 3. Use Fibonacci retracement levels to identify the potential support for first fraction shares buying opportunity. 4. Use trendline to identify the potential...