Hiaptek has been looking to break out from a descneding triangle for some time now and it seems it is nearly there. Covid scares and political turmoil has slowed this stock down (as shown by decreasing volume), but looking at how the price action is hugging the descending trendline you can see the stock wants to go higher. This would be further backed up by the...
Freight Management Holdings has been on a good and steady upward trend for the past 6-8 months. Right now this momentum seems to be continuing and it is near the bottom of a parallel channel after just bouncing off the support line.
I'm a beginner trader trying to gain experience in reading charts - This is what I think is the first head and shoulders pattern I have seen on a chart here on Air Asia. From what I know this is a bearish signal. However there has not been any significant long bull run before hand??
I welcome any counter arguements and explanations to why I'm wrong!
I see an ascending triangle forming with smetric, it is early enough to buy short term when the price hits the bottom ascending support line, or can buy long term and wait for it too eventually break out past the resistance
My first time posting here as a beginner trader! Testing my ideas to see ifI see a potential cup and handle forming here, at the time of posting the cup section is coming to an end over the next couple weeks. Then if a handle forms, can go long after the breakout from the dip. Any feedback welcome as I am still learning technical analysis and gaining experience.
