biggred87

biggred87

This counter is trying to break bearish mode. If price break above RM1.740 and maintains above the support level of RM1.720 with strong buying pressure which can be seen from RSI level above 50, I would target it to reach RM1.790. And if momentum persist, our second target price is RM1.850. Anyway, trade with care and always know your risk tolerance levels. CP:...

biggred87

JAG trading day on 23/11/2020 opened at RM0.200. With high traded volume pushing the price upwards to highest of RM0.235. The day ended with the stock price closed at RM0.230. Long bullish candle formation is a prerequisite for us to challenge the Half-Candle Theory. If the price maintains above RM0.215 in the following days (as we will strongly expect...

biggred87

Solid MORUBOZU candle formed on 9th October, signalling a good chance for us to test the half-candle theory. I would expect the price to hold above RM0.730 in the following few trading days. If the stock price maintains above RM0.730 with sufficient volume, the price will go up. My prediction based on the strategy is as follows:- Current price: RM0.740 Entry...

biggred87

With long candle formation, I usually use the half candle theory. If price maintains above RM0.625, enter only if strong buying (RSI above 50). TP: RM0.655

biggred87

PPHB is currently in bearish trend but seems to get into bullish position. I would recommend traders to let the formation of triangle pattern before deciding buy the stocks. Entry pr6.ice of RM0.655 with potential 5% return within 7 trading days.

biggred87

Trading Idea: Microlink Solutions Bhd (MICROLN) Swing Trade Current Price: RM1.69 Support Price: 1-RM1.58 2-RM1.51 Target Price: 1-RM1.74 (+RM0.05/~3%) 2-RM1.90 (+RM0.21/~12%) 3-RM2.06 Price Movement - Volume Action Jaga cutloss #PKPP

biggred87

Trading Idea: Microlink Solutions Bhd (MICROLN) Swing Trade Current Price: RM1.69 Support Price: 1-RM1.58 2-RM1.51 Target Price: 1-RM1.74 (+RM0.05/~3%) 2-RM1.90 (+RM0.21/~12%) 3-RM2.06 Price Movement - Volume Action Jaga cutloss #PKPP

biggred87

I seldom use channel to indicate trading ideas. ORNA is a counter I would like to test using price movement chart. I suggest the price will move in channel of RM0.030 each, currently moving within channel of RM1.010 to RM1.04. Depending on the other technical indicator (I use simple indicator such as SMA cross-overs, RSI and MACD), we can expect price to move...

biggred87

My favourite pattern is used again, this time on sudden rise of ICONIC. We would predict today's trading will be a pullback as profit taking will take place. I would usually suggest retracement using Fibonacci. If the price maintains at RM0.295 and above with accumulation phase taking place, we will see price move back to RM0.320 and further increase to...

biggred87

The counter has suffered a setback with closing price of 4% lower than highest price acheived on that day. However it seems that buying interest quickly recovered may be due to technical rebound the day after. Today, the buying interest seems to continue and is indicated by the MACD line. If price maintains above RM1.00 and buying volume incoming, we may predict...

biggred87

High volume in during last week's trading indicating increasing interest in the stock, thus pushing the price up from opening price of RM0.375 to highest of RM0.670 We expect the price to do a retracement to at least RM0.520 If the closing price of subsequent trading days maintain at least RM0.520, we may see recollection of interest in the stock and I would...

biggred87

VS opened at a price of RM0.935, higher than closing price of previous trading day. The movement shows a bit of pullback to RM0.925. The price steadily moving up to highest price of RM1.08 before a slight pullback to closing price of RM1.07. I am expecting profit taking from traders in the coming days and the price will continue to go fall until at least RM1.00....

biggred87

The pattern in sight is C&H which is almost to completion. Once completed, it will reach a new high of RM0.870. Current Price: RM0.720 Support Price: RM0.640 Target Price: RM0.870

biggred87

ECOWLD opened with a gap up opening price of RM0.410 and continues steady and rapid rise to RM0.540. Currently, a slight retracement of price to RM0.535 and I would expect a further correction of price to lowest of RM0.475. For the this purpose of analysis I would set RM0.475 as the strong support line for our chart to follow PENNANT / FLAG pattern. If the...

biggred87

As the chart shown, we may predict the price correction to RM0.700 from current high. Once retracement completed and bullish volume enters with higher than daily average, we may set target price of RM0.85 Viewing the trading activity to ensure bullish volume by viewing MACD and RSI. Ensure MACD and RSI are both correlating to the bullish trend and entry at price...

biggred87

Supercomnet has recorded a rise of RM0.085 from its opening price to reach peak at RM0.970. There has been slight retracement as the price closes at RM0.95, I would expect a further retracement to RM0.925. When reaching this price, we should monitor buying and selling activity. If buyer overpowers selling pressure, with volume higher than daily average for...

biggred87

With one day trading volume higher compared to previous week average daily trading volume showing improved interest by traders to the warrant. This is strongly correlated with similar increased interest to the mother-stock. Ideally, next-day trading should exhibit retracement of the interest and price of the stock, once hit RM0.530, we should carefully monitor...