hayan500

NAIM: Breakout Filter Combo With Tweezer Top and Bottom

Long
hayan500 Updated   
MYX:NAIM   NAIM HOLDINGS BHD
1. The Tweezer Top (7th July) is a bearish reversal pattern that consists of two candlesticks with identical or nearly identical highs. The pattern is typically found during uptrend and signals a potential trend reversal. The next following days the price went down.

2. The Tweezer Bottom (4th Aug) is a bullish reversal pattern. The pattern is typically found during a downtrend and signals a potential trend reversal.

3. The bullish candlestick at M15 filter3 appeared. It closed at 0.69 (the strongest resistance, rereferring to Gann Chart). If breaks, it will be potentially creating new HIGH.

4. The presence of the Tweezer Bottom pattern can serve as an additional confirmation for potential bullish price breakouts detected by the Breakout Filter.

5. TAYOR
Trade active:
Yesterday GAP UP occurred (breakaway gap). Price closed at 0.73 (strong resistance referring to Gann Chart)

There are many gaps above which are needed to be filled in. These gaps give us some indication where the price will go.

Next target is 0.75. TAYOR
Trade active:
Today price managed to close two gaps. There is another one big gap above.

If we plot fibo extension, level 0.382 (0.810) is the same as top of the gap which needs to be filled.

0.77 is the strongest resistance (referring to Gann Chart). If breaks this resistance, it will be more likely further high.

Next target is 0.810 . TAYOR
Trade active:
Today 0.810 GAP has been filled up. One more gap needs to be filled (DTF).

If this gap successfully be filled in, we can anticipate prices will hit 52WH.

Next target is 0.895. TAYOR
Trade active:
Price already broke 52WH.

There are two huge gaps need to be filled in.

Next target is 1.01

TAYOR.
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