After successful breakout above 51, NNOX has been retracing to test the newly formed RBS. Fundamentally, it has had a successful launch of its futuristic looking NANOx.ARC, which design can only be seen in Startrek or Starwars movies before this. This could provide major tailwind for NNOX as Xray imaging is one of the most essential diagnostic process especially...
Nothing much could be done to technically analyze PSTH given that it has a short historical data (just IPOed). However, given that it is a blank check company (SPAC) with potential to raise more capital to acquire long-term high growth companies and some hardcore value investor and highly intelligent men are behind this SPAC, we could only imagine the upside that...
After a big drop from the 2000 level, XAUUSD has been ranging in the 1800-1900. We are expecting the price to test the resistance at 1860 level. Given that this level was previously a support and had recently being broken, any retest of the newly support-become-resistance (SBR) would have a high probability of failure given that this would be the first retest...
After successfully breaching enemy defense at .33-.34 border, IFCA continues to march forward only to be halted by quite a strong enemy force at .49-50 outpost. IFCA had fallback to resupply at the previous defeated defense of .33-.34 and is now ready to launch a full frontal to penetrate that heavy defense at .50. If it manages to breach that defense, the road...
MYX:HWGB-WD is poised to retest its .815 retracement level after successfully broken the downtrend resistance. It has also succesfully bounced from the RBS and now is ready to fly to the next roof. Currently its mother trades just shy below RM1 while its peers like MYX:SOLUTN and MYX:BINTAI had already broken past RM1 and maintain above that level. We...
MYX: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...
After retracing in a compression style in Daily, 240 and 60 last week, the market finally gave us a beautiful nicely formed doji followed by a bearish cs as confirmation on Daily. I am expecting confirmation on Weekly timeframe as well. Looking forward to add some more short positions!
From my previous NU post, we were looking an opportunity to short following the beautiful bullish compression after the weekly bearish impulse. My points of interest are around the 50% level and breakout level. Green lines are potential entries. Happy trading!
Like GOLD, SILVER also just had a massive bearish impulse on Weekly. We are going to wait for bullish compression until significant level (50%, breakout, Fib levels) before the next bearish impulse. You can trade the retracement but in my opinion,it's more risky. Patient is the key!
Wait it to retest the monthly support for the fourth time and from there if it move in bullish compression, then ready to sell at 50% level or breakout level of the weekly bearish impulsive.
Green lines are the potential entries for short. Watch this out for the next 2-3 weeks.