Penta is developing volatility contraction pattern for almost 3 months with contraction % below: C1: ~18% C2: ~8% C3: ~5% C4: ~4% Breakout happened yesterday with strong volume. Immediate support at RM4.90 with ~6% risk. Disclaimer: For technical analysis sharing purpose. Please seek advice from your financial planner if you would like to get any stock recommendation.
SAMCHEM volatility contraction pattern setup almost complete. C1: ~47% C2: ~17% C3: ~16% C4: ~8% Buy at break 1.20 and Support at 1.12. Around 8% risk! When Demand > Supply it will fly to sky. Disclaimer: Just sharing purpose on technical analysis. Buy at your own risk. Consult your personal financial planner for investment.
Bursa Malaysia is developing volatility contraction pattern at contraction less than 5%. Entire pattern has developed for 138 days. C1: ~29% C2: ~8% C3: ~4% 7th Dec 2020 huge candle with large volume is a good support. and it is forming a pivot point now. With the current entry price, the next support will be at 8.18 which risk only at ~5.75%. Disclaimer:...
ASTINO Cup and Handle formed! Buy at break confirmation 0.910 on 23rd Dec. Support at 0.840 with 7.5% risk. Let's see how high it can go. Note: Metal sector also current theme in the market due to economy recovery + government introduce taxes to import metal.. Disclaimer: Sharing purpose on cup and handle pattern. Buy at your own risk. If you would like to...
Opensys almost come to the end of a triangle and soon we will know if it will breakout towards the North or South. Fundamental wise, Opensys recently develop consecutive 2 quarter of increase gross profit and profit margin maintained at 12.8%. Technical wise, previously i do analyze opensys currently developing volatility contraction pattern. Awaiting volume to...
Additional to my previous analysis: There is also VCP in Revenue weekly chart!! And the duration of the entire VCP is 1 year . 1st contraction: ~52% 2nd contraction: ~21% 3rd contraction: ~5% Recent ticket supply in the market is low. And if you observe recent 6 weeks volume (5 weeks buy and only 1 week sell) Awaiting huge demand come in to push the price up!...
Revenue core business is primarily focused on online payment transactions acquiring, with emphasis on payment solutions, transaction processing and customer loyalty program. (EDC, Lazada, Taobao, RevPay and etc) 1. Recent contract secure to provide MyDebit Malaysia's tokenization platform (TSP) for Payments Network Malaysia Sdn Bhd. 2. Recent teamed up with...
QES volatility contraction pattern has developed ~4 months since it previous peak with 4 contraction below: C1: ~39% C2: ~16% C3: ~12% C4: ~5% The last 3 trading day shown strong support together with volume around 0.315. QES will further attack once it break 0.325. With 0.295 as final support, the risk ~6.5%. In term of fundamental wise, 5 recent quarter...
Another stock that current with VCP development. C1: ~40% C2: ~16% C3: ~6% C4: ~6% As VCP related to demand vs supply. Seem like supply is not that much now with volume decreasing. Awaiting huge demand to come in and push the price up! Will take off anytime soon. First support: 0.720 and second support 0.705 Disclaimer: Not a buy call suggestion, trade with...
Fall in love with VCP setup trading and would like to share my analysis about VCP trading. Seems like APPASIA has undergo 3 round of contraction with each contraction smaller that previous! C1: ~38% C2: ~16% C3: ~6% I believe price will form a pivot point at current stage. Is a good entry for 1st position. Once it break 0.740, you can top up for 2nd position....
SUPERMX 30 Nov breakout MA50 with volume. It already experienced C1 and C2 and seem like it will generate another contraction C3. If the price able to stand firm above MA50 like predicted above, then we can consider to re-enter and ride for another wave. If the price not able to stand firm above MA50, then is not safe to enter. Disclaimer: Not a buy call...
BINTAI is constructing VCP that is similar to Solution VCP that i shared earlier (link below). C1: ~33% C2: ~23% C3: ~9% Current construction around 58 days. There might be a C4 that is less than 9%. Need volume to kick in and break 0.770! Need more vaccine good news booster! QR is coming soon, should be still a bad QR. I believe market not really care, as...
Another VCP setup in progress observed in OPENSYS. C1: 31% C2: 26% C3: 10% C4: 5% (Final contraction) Right now is in final contraction, awaiting it to break 0.670 with volume. QR is out, should be safe as QR should improvement in earning. Need to aware on political status as this week will be the budget 2021 voting. Market sediment is a bit weak today (24...
Typical VCP formation which have 3 contraction below: C1: ~30% C2: ~10% C3: ~3% The price BO yesterday with volume. Today another spike to 3.70. Support if set at 3.45, risk is 7%, consider a pretty low risk trade. News: Apex pharma marketing at Singapore expand the cold room and acquire freezer room for Pharmaceutical, Vaccine and Biologics. Will this...
Disclaimer: This is just a sharing purpose and not a buy call. Seem like SCGM already gone through 2 contraction and 3rd contraction is in progress. Volume also getting dryer compare to previous. Strategy: Waiting the 3rd contraction to develop. Only consider to enter if the price able to stand firm back above MA50. Enter point will be during it breakout the...
Disclaimer: This analysis just serve for sharing purpose and not a buy call purpose. As you can see above, solution experienced 4 contraction (C1, C2, C3 and C4). Each contraction is getting smaller and the last contraction is less than 10%. (very important step in VCP) Contraction less than 10% at the final contraction mean the supply in the market is less....
Observed GHLSYS to have VCP pattern. Similar to other 3 stocks that i have reviewed previously - Supermx, Rubberex and Carepls. (link below) Few points below to support buy in: 1) Weekly chart MA30 trendline pointing up (Represent GHL is a up trend stock) 2) Daily chart current price above MA50 and MA50 above MA200. 3) Experience 4 contraction and each of the...
I would like to buy call ANCOM because of various technical indicator below: 1) Up trend stock based on daily chart MA50 above MA200. And the price currently also above MA50 trend line. 2) VCP pattern observed as well. The 1st contraction is huge which are around 50% follow by 2nd, 3rd, 4th, 5th and 6th contraction that are getting smaller contraction (<10%)....