Time Cycle Analysis: April 8, 2024, total solar eclipse will cross North America, passing over Mexico, the United States, and Canada which according to Chinese Ancient Culture this day will associate with negative Qi. The immediate resistance 1.05 is quite stubborn so may take longer time to takeout.
Trading style: BBMA The stock rose and formed a white bullish candle last Friday, breaking out above its 3-week long triangle pattern. The breakout was supported by a higher trading volume which indicates a renewed buying interest after the stock’s consolidation from the 52-week high. More upside is likely to follow after the said breakout, underpinned by the...
Based on current price action, Mark Up Phase is on going My nearest projection wound be around RM 1.24-1.40 (3rd Wyckoff Law) Position initiated as attached Pure Wyckoff
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.
Redtone, above 1.05 is bullish, below 1.05 is bearish. Key dates to watch are 22 Feb 2024 and 19 Mar 2024.
The price is steadily navigating the uptrend, consistently staying above the MA50. The successful buy signals indicate a resilient market, particularly following the breakthrough of the VWAP, thus reinforcing the strength of the signal after any temporary market dips.
The current price 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.
Double bottom pattern Support at 0.630 Resistance at 0.700 and 0.740 Dividend RM 0.0250 Ex-date 27/09/2023 Entitlement 29/09/2023 Payment 16/10/2023
- Retracement on volume profile with 3 price rejection spotted. - Not much volume on previous peak point. Fairly distribution action. - Nice position for next trend reversal. Disclaimer: For discussion and sharing purpose only. NOT entry recommendation. Trade at your own risk. #TAYOR
A bullish bias emerged above the symmetrical triangle above the support level at RM0.42. As such, the price may head north to test resistance at RM0.50 followed by RM0.565. Support is seen at RM0.42 and RM0.365. Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only
Sector : Telco.Fundamentally sound company.Shows increasing quarterly sales QOQ and profit for last 4 quarter consecutively and increasing YOY.Just breakout form pivot point with high volume in VCP setup.
For Study. Potential uptrend. Cup & Handle , Cut Lost 0.41 : Risk 8%, Potential 52%
Trading Idea REDTONE (26/7/2021) - Breakout above EMA50 and EMA20/10 crossing setup. - Potential upside with positive momentum towards next resistance. - Support and resistance as drawn Disclaimer: This trading idea is strictly intended for educational purposes only so please do your own analysis before making any investment decision.
The most of strongest Momentum wave - Golden Wave (impulse) Criteria : Minor wave 3 in 3rd impulse major Elliot Wave Strong Bullish Momentum volume unusual Steepness of a trend line increases from 45% to 70% deg Strong Break in bar retracement symmetry leading to a change in trend behavior Bullish gap up price action
Note _There is some bullishness in last call price. Seek best entry/ exit _Suggestion are on the chart