The current point exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
Regarding Edelteq, it appears that the stock is predominantly moving in an Uptrend Bias.
On the weekly timeframe, there seems to be a formation of a Fair Value Gap.
Additionally, it's worth noting that the volume during the breakout is increasing, which provides a promising indication of bullish potential.
Regarding Edelteq, it appears that the stock is predominantly moving in an Uptrend Bias.
On the weekly timeframe, there seems to be a formation of a Fair Value Gap.
Additionally, it's worth noting that the volume during the breakout is increasing, which provides a promising indication of bullish potential.
Possible for stochastic to stay OB and swing higher?
Oh hell yeah, some traders hate OB area, on the contradiction, I love OB as big money always come from there.
Let monitor the new few days' movement.
>> ROC seems like has positive divergence.
>> Monitor for the potential shoot up when stochastic stay OB during the PB.
When the market moves where, and how,...
The new baby IPO, price was dropped from 0800.
It's a good gained for scalpers and intraday traders within these two days.
Currently trade at 0510. Question, is it potential for uptrend? 🤔
>> Operators n sharks yet target this counter, only play by retailers. With the limited amount of money , possible for price to continue head up?
>> yet has confirmation...
Currently price is below EMA line, where the price can getting lower (operator yet push).
What next (possiblity)?
1. Broken the parallel channel will become worst.
2. Rebound? Wait for confirmation. Always remind self not to tangan gatal (simply buy) and EP below Hull MA.
Why not now?
OS may continue the oversold trend >> lower X3.
As catch the calling knife...
IPO Edelteq successfully listed on 7.6.23. IPO price was RM0.24. Opening day went up as high as RM0.80. Thats whopping 233% profit. Congrats to those who got the IPO.
Will look into for intraday trade if price do not drop below RM0.72 for quick entry. Hope can get an entry.
