Among other trend lines, my favourite will be Parallel Channel, as it help me to determine the trends, support and resistance.
Drawed this parallel channel on 27/7, when price was reject on that day.
And it price rebound without the channel and now it seems reject at the top (0715), again. What next? Price may pullback. Whether it can rebound within the next...
I am of the view that MYX:WCEHB might be seeing another leg up towards the 0.55 region. Base well supported, Stops would be the recent low at 0.475.
These are my views and analysis and is only used for educational purposes. I am not a financial advisor.
Nothing in the information posted here is intended to be or should be interpreted as trading advice.
Consider to study and monitor WCEHB's current chart which appears to resemble that of Elliott Wave Theory's ABC Corrective Zone in Expanded Flat which happens to have rebounded from the 52-week low and fibo618 from the beginning of Wave 1 or the All-time Low. Potential low entry and near to CL area which is below the 52-week low. Potential EP (0.290) is at 4htf...
Support at 0.475
Resistance 0.50
TP1: 0.53
TP2:0.58
The construction sector are making continuity pattern as we go through recovery phase from the pandemic.The likes of IJM and Fajar are leading the sector.We might see some movement from the small caps construction player. Be aware that commodities like steel and lumber are soaring upwards and thus might hurt...
Sign of Strength in the chart:
1. Trend reversal in weekly chart
2. Double NS in weekly chart
3. Re-accumulation
4. Double in re-accumulation
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
WCEHB
Rst: 0.48
Spp: 0.42
Bullish symmetrical triangle breakout, instantly charging the stock to upper BB, is the upside limited here? Potentially no. The maximum capacity yet to emerge
WCEHB, the stock's prices have formed into the rounding bottom pattern.
The recent stock prices since beginning of November 2020 have also shown higher high and higher low, with volume picks up in line with price trend.
Watch for price to break and stay above RM0.405 which will trigger buy signal for long positions.
Happy trading to all traders!
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Strategy: BreakoutDowntrend Line and Gap Up
Bias: Bullish . After finding the support at 0.345, price gapped up and breakout the downtrend line today with high volume. If momentum continue we shall see it challenge its previous high resistance at 0.400 soon. If the resistance could breakthrough then we shall see the price at its another...
WCEHB, RM0.300 acts as a firm support and RM0.320 previous resistance was broken. RM0.320 acts as the immediate support for now. TP zone RM0.340 which achieved on Wednesday today. When momentum continues, it should see RM0.355 in short term, a total of 11.34% return from RM0.320 resistance breakout.
Today bottom rebound with volume, indicating a strong buying...
WCEHB
Trend: Bearish
Rst: 0.36/ 0.40
Spp: 0.305
Bearish momentum looms, no sign of recovery observable now and further pressure likely from MACD bearish crossover.
First of all, congrats to the students for FPGROUP which hit the first TP on Friday. Looking forward for the next! Kindly refer to the "idea" of FPGROUP analysis done in Tradingview for next direction.
WCEHB: How did we catch WCEHB before the majority at RM0.365 on Friday? Uptrend line acts as the support and the downtrend line acts as the resistance. WCEHB had...
WCEHB
Trend: Bearish, technical rebound
Rst: 0.40/ 0.435
Spp: 0.36
Technical rebound in play in tandem with recovering RSI & MACD, but must take note long term still in downtrend. Quick trading opportunity valid, see money take money.
