Several indicators within my algorithmic system are signaling a potential uptrend. These include:
Increased volume: Activity is picking up, suggesting growing interest and potential momentum.
Mid- to long-term uptrend: Both the 50-day and 150-day exponential moving averages are pointing upward, indicating a sustained positive trajectory.
These...
The current point exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
Fundamentally good company.Even Quarter report for last 2quarters reducing,but still increasing YOY sales and profits.Currently just breakout horizontal line (blue line) with high volume,however there is a strong major downtrendline (purple line) ahead.Let see if it can successfully penetrate the purple line
I first traded 3A last year on 4 Oct after confirm up trend rally, gave me around 15% profit back then.
3A later undergo correction period and have been following since Jan 2022 when the price rise back up MA50. (Previous related ideas in link below)
The current VCP took 3 months to setup with below contraction:
C1: -14%
C2: -9%
C3: -3%
Price breakout with...
Technical Analysis:
MA 12 cross up MA 26
MACD buy signal
ADX buy signal
Trading plan:
Buy @ $1.01
Cutloss: Close below $0.960
Cutloss percentage: around 5%
The short base VCP formed during Oct 2021 were not solid enough due to lack of time compression.
It experienced correction and recently have nice price/volume interaction with 3 contraction below:
C1: -15%
C2: -6%
C3: -6%
Let's monitor if this week will formed another C4 above MA50 or not.
Disclaimer:
Not a buy call recommendation. Just my personal interest...
The indicator known as average true range (ATR) can be used to develop a complete trading system or be used for entry or exit signals as part of a strategy
1. Fast ATR
2. SLow ATR
BUY Support 1.06
CUTLOST 1.01
Resistance: 1.11/1.16
3A focused on its core strength in the Food & Beverage industry through its wholly-owned subsidiary, SSSFI. SSSFI is one of the leading Food & Beverage ingredients manufacturers in the country with products ranging like caramel colour(full range), glucose syrup; high maltose syrup and many more.
3A recent developed a VCP setup.
C1: -9%
C2: -8%
C3: -3%
Price breakout at tight area (C3) on 6 Oct and that is the first position. When price breakout, the volume follow through.
After the breakout, there is a 8 days natural reaction occur with volume shrinking.
22 Oct observed a tennis ball effect with volume follow through. Top up second position at 1.07....
3A
- price above EMA 50
- baru breakout above triangle pattern
- price rebound above support
- volume up 2x than average
- Obv pointing upward
comment: watch out for continuation uptrend. entry near support for low risk trade.
risk: long tail in previous candle. price already near resistance level. boleh jadi harga reject level resistance jika momentum volume...
3A share price under triangle up trend.. form high and higher base but face a strong resistance.
what will be the next? up or down
To enter if prices exceed 0.885
not buy/sell call and just for my own analysis and record.
