Another opportunity for quick trade? Carimin (5257.kl)

Stock code: 5257
Stock name: Carimin Petroleum Bhd
Screener: 18LC for 4 Feb 2019 (www.tradevsa.com)
Observation date: 5 Feb 2019

Section A
Observation:
a) Price & Volume:
- Price: Narrow spread.
- Volume: Low.
b) Market Stage:
- Accumulation stage (S1) between early Mar'18 - end Nov'18 (34 weeks).
c) Trading Range:
- Price trade within between 22sen & 35.5sen (Support 1 & 2).
d) Resistance & Support:
- Price tried to break Support 2 (then was Resistance) 2 times.
- In Peak B (early Oct'18), vol. is higher than the Peak A (mid Apr'18).

Remarks:
- Based on the above observation, price is ready to enter into Markup stage (S2).


Section B
Observation:
a) Price & Volume:
- Price: Wide spread.
- Volume: High (not climatic).
b) Market Stage:
- Markup stage (S2) from early Dec'18.
c) Resistance & Support:
- In Peak C (early Dec'18), price broke Support 2 (then was Resistance) with vol. higher than Peak B.
- After that, price make a pullback above the Support 2 with low vol. This is a good SOS.
- Price encounter UT and fall back to Support 2 line. Notice 2B reversal on 21 Dec'18.
- Price eventually move up and make new high. This process repeat itself when it hit Support 4 (then Resistance).

Remarks:
- Based on the above observation, price already in full gear for S2.
- Currently, price is retracing (pullback). If the pullback succeed, we will make an entry.