QM reversal setup. Price breaks previous LH 0.625, which is a reversal signal. TP1 at HH setup 0.645. TP2 at fibo 161 confluence supply zone 0.68-0.69. Demand zone confluence with fibo 161 pullback zone. Setup will be invalid if price breaks below 0.555. Lets monitor closely! *Personal opinion, trade at your own risk*
Support: 0.69/0.65 | Resistance: 0.73/0.77 Name % Shares Position CHG Value Dato Ng Hook 21.80 95,113,339 1,300,000 67.53M CIMSEC Nominees (Tempatan) Sdn Bhd CIMB For Lim Seng Chee & Sons Sdn Berhad 4.58 20,000,000 NEW 14.20M Ng Chooi Guan 4.00 17,465,790 1,100,000 12.40M Public Nominees (Tempatan) Sdn Bhd Pledged Securities Account For Crystal Image Sdn...
Fundamentally sound company.Same industry as PRESTAR that i just posted before,but this is probably laggard one.Increasing QOQ and YOY quarter report.Wait for break above the horizontal line with high volume.
Engtex just broke from corrective wave (flat) in monthly chart. Once first breakout and retracement done, next will wait for second breakout to the sky~ Is all about elliott wave analysis ✅ naked chart analysis, ❌ indicator (Disclaimer: for demonstrate own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk)
ENGTEX observed to have VCP development with setup below: C1: ~32% C2: ~18% C3: ~9% C4: ~6% Today breakout with huge volume. Go go go! Less than 7% risk. Disclaimer: The content provided is my personal experience sharing through technical and fundamental analysis point of view. The content can only be used for education purposes and NOT any recommendation...
vol is good, just need banker's chip more than 50% to push the price further up.
Since ENGTEX broke out from Flat Bottom, it likely to form an uptrend wave. 0.705 still a resistance, if ENGTEX is strong, it will break Flat Top. Today gap up, although close lower, but traded with low volume. Good sign. Let see the coming days.
Daily chart shows ENGTEX starts breaking out from flat bottom, volume has to be gradually increase with price. First resistance at 0.605, support at 0.545.
Wait and see.... Is the demand zone strong enough to hold the price? CL below demand zone..... Reward still away long to go.....
Sector Industrial Products & Services - Metal Syarikat Quarter Report Untung Ada share buy back
All Time Low = 0.405 Now almost at 100% discounted price in monthly chart. Please use lower TF to identify the correct entry at the right edge.
Engtex TP: 0.70 S1: 0.64 Bullish momentum since gap up and huge bullish candle
Laburlah Technical Coverage (18-MAY, Friday): ENGTEX Technical Analysis Breakdown 1. Trend: Bullish breakout 2. RSI & Stochastic: Bullish 3. MACD: Bullish 4. Resistance level: 1.23 5. Support level: 1.09 Disclaimer: The abovementioned is purely for sharing purpose, you should seek advice from relevant personnel and do your own analysis before making your move.