Technicals
Longterm: Bear 🐻📉
Midterm: Neutral (Sideways-Up) 🐻🐮 📈📉
This Month: Seasonally bullish in Dec 🐮📈
👇🏻Prev idea still largely intact, albeit with an added hint of Dec bullishness / year-end rally
🔔Watch: Budget2021 debate & its subsequent approval/rejection
flat on FKLI; might take a seasonal Dec...
Rounding bottom pattern validated after neckline broken last 2 weeks.
Last week the price has broke the resistance since 2013 with volume.
TP1 0.175
TP2 0.225
CL 0.13
1. PA is on a strong recovery trend in technical and fundamental.
2. Aluminium spot price and demand is increasing.
3. First solar (NASDAQ listed company) is their client, which is going to...
I will be looking forward to going Long at the red highlighted zone. Yes although the factories now are temporarily closed, it is expected that they will start with their operation in the next 2 to 3 weeks after the Quarantine period.
My criteria to go Long when it reached the Zone:
1) Dtosch/Stoch Crossing up
2) Low bearish volume with small CandleS / High...
The price did a pullback for the previous one month and had retraced just nicely on trendline support. Heiken Ashi just turned green on last Friday as well as Parabolic SAR on daily timeframe had shown its first buy signal which indicates a reversal in near term from downtrend to uptrend will take place. Ride the trend until it bends. Price will try to break its...
Index testing prev major LH near 162x, with momentum weakness above 158x...
Fundamentally, there's a lack of new positive triggers for price to go higher, neither for a strong bear case (unless go full MCO again)...
Thus, I'm keeping to a wide sideways-down view as long as Major R / 1600 mark resists.
Watch: Immediate UTL breakdown , may invite bears
Shall...
Just ignore the current vaccine news because the trend is your friend!
Unless RM6 is broken which indicates M-shape trending since June 2020.
Good opportunity to load some around the current level and RM6 level.
In other words, "Buy on Dip" with good risk vs reward opportunity.
Take care, stay safe everyone.
MYX:SCIB
UPTREND + REVERSAL PLAY
FAST TURTLE BUY
FIFT BOD (BUY ON DIP)
MCDX+ OS (OVERSOLD)
SL BELOW 3.3
RISK REWARD STILL OK
AS USUAL HIT 8% CLEAR 50-70% PORTION
AND LET THE REST LET PROFIT RUN UNTIL FURTHER TURTLE SELL SIGNAL
PM ME FOR TURTLE TRADING SYSTEM
MYX:VS
UPTREND + REVERSAL PLAY
FAST TURTLE BUY
FIFT BOD BUY ON DIP
GOOD RISK REWARD
SL BELOW 2.2
CLEAR 50-70% PORTION AFTER HIT 8% PROFIT.
THE REST LET THE PROFIT RUN UNTIL FURTHER TURTLE SELL SIGNAL.
DON'T LET THE GREEDY KILL U.
CAN PM ME FOR TURTLE TRADING SYSTEM
We are in the current horrifying pandemic which puts most businesses at an unhealthy level. Most commercial projects are not moving especially in Construction Industries. Most traders are worrying that their investment in Bursa Malaysia will lead them to losses or maybe book yourself a seat to dive straight to the ocean.
Through my analysis, I don't see it as...
The recent daily candles shows that inverted cup and handle is in the making.
Inverted CNH pattern is valid when the daily candle close BELOW neckline with high volume above monthly average (Scenario 1). The pattern is invalid when daily candle close ABOVE down trend line (Scenario 2)
If neck line is broken, next price will test strong support 0.27
Well-positioned to the downside.
Waiting to add if a bounce to ~150x take place...
RISK FACTOR❗️
Political uncertainty
Further deterioration of COVID wave2
Targets: S3 (138x-140x) / S4 (133x-6x, need strong bear to reach)
Time Target: End-Nov / Early-Dec
Happy Hunting! 🥂🚀
-jk-
