My chart does not need a lot of complicated indicator. So I always got Moderator to label as "not suggested" publish.
If indicator is working, why so there are still so many people losing money?
If indicator is not working, then why still so many so call Analyst publish a so complicated line flying here and there?
Only when you understand the pricing...
SAMAIDEN. "A Solar Energy Related" stock may resuming its uptrend at around Rm 0.990 where there is a confluence zone of 1) Next Major Demand Zone 2) Support area of lower trend line of the Wedge pattern
Support Line: 1.605
Resistance 1: 1.830
Resistance 2: 2.10 (All time high)
EP: 1.670
TP: 1.830
CL: 1.585
RRR = 5.3:9.6
If breakout at 1.830, Resistance 1 will become support.
Target to break all-time high will be :
EP: 1.670
TP: 2.100
CL: 1.585
RRR = 5.3:25.8 approximate to 5:25 which is 1:5
*Disclaimer: This analysis is for my personal learning process. Do...
In H4, the stock still rides the parallel uptrend, but doing minor pullback within. Probably an opportunity for EP is to wait for the reversal candle at H1, and exit before resistance. Lower volume in the pullback shows its a health pullback. Stochastic still doesn't show any reversal entry.
R 1.61, 1.66, 1.74
S 1.42, 1.33
Sentimen: KPOWER, TENAGA already start...
Immediate support target is at Fibo 61.8%/78.6% (1.46/1.38) and wait for any reversal candle here for buy on dip signal. Volume should continue dropping during this pullback.
EP between 1.38-1.46 (confirmed with reversal candle)
TP 1.65, 2.03 (Fibo 1.272), 2.47 (Triangle opening)
SL 1.28
Sentimen: Green tech bullish due to US Election result
TAYOR
