Stock code: 0127
Stock name: JHM Consolidation Bhd
Screener: 18LC for 19 Feb 2019 (www.tradevsa.com)
Observation date: 20 Feb 2019
Observation:
a) Price & Volume:
- Price: Wide spread on upbars.
- Volume: High volume on price upbars.
b) Market Stage:
- Mid-way of Markup stage (S2) after 7 weeks of sideway movement.
c) Trading Range:
- Price was trading within a Trading Range (between mid-Dec'18 to early Feb'19).
- As price is moving up, we can see that it is trading on an Uptrend.
d) Resistance & Support:
- Price broke Support Line 1 and 2 (then Resistance) before doing a pullback on Support Line 2.
- Price moved up after 'resting' above the Support Line 2 (then Resistance).
- Price now close above Resistance Line 1.
Remarks:
- We need to wait few more bars to determine if price has successfully break Resistance Line 1.
- We can expect that price will move 1-2 bars higher before doing a pullback.
Stock name: JHM Consolidation Bhd
Screener: 18LC for 19 Feb 2019 (www.tradevsa.com)
Observation date: 20 Feb 2019
Observation:
a) Price & Volume:
- Price: Wide spread on upbars.
- Volume: High volume on price upbars.
b) Market Stage:
- Mid-way of Markup stage (S2) after 7 weeks of sideway movement.
c) Trading Range:
- Price was trading within a Trading Range (between mid-Dec'18 to early Feb'19).
- As price is moving up, we can see that it is trading on an Uptrend.
d) Resistance & Support:
- Price broke Support Line 1 and 2 (then Resistance) before doing a pullback on Support Line 2.
- Price moved up after 'resting' above the Support Line 2 (then Resistance).
- Price now close above Resistance Line 1.
Remarks:
- We need to wait few more bars to determine if price has successfully break Resistance Line 1.
- We can expect that price will move 1-2 bars higher before doing a pullback.