Entered into our momentum zones but candle still yellow. Because yellow can slow down and turn to red lights If price break and maintain above 0.785 it will be interesting and that turns the bar into green Potentially for long term play. Nearest resistance is 14% While long term resistance is probably 25-50%. If it can break 1.17 then they will be another...
Breakout of Inverted H&S High Volume MACD momentum bar turned green
Breakout of Inverted H&S High Volume MACD momentum bar turned green
-My expectation is price will do a rejection at 1.040/Supply Zone 1 -Why i expect that price will do rejection at 1.040? When i lowering the timeframe i can see a lot of price action. -Compression can be seen at lower timeframe,based on my experience when a compression appeared before the price reach a supply zone,price will do a rejection. -Why price reject at...
Can try THPLANT where its price appears to be at EW ABC corrective zone in 1htf.
Pattern Cup & Handle in weekly time frame. Elliot wave currently in wave 4 correction. TP RM1.5
THPLANT (5112) - TH Plantations Bhd TH Plantations Berhad, an investment holding company, is engaged in the cultivation of oil palm and processing of fresh fruit bunches in Malaysia. Looking on weekly chart we can clearly see that breaking up 9 years parallel channel since 2013. Futhermore, TH Plant price is in new range of parrallel channel since 2020. In...
BOWL Pattern completed. BULL will charge to climb to 1.16
increasing profits QOQ and YOY.Price just breaks above horizontal line of low cheat area with high volume.
THPLANT spotted in bearish bat harmonic pattern in a bullish flag formation. The potential trade plan is as per chart.
As it names,this is plantation company.Good QOQ and YOY sales and profit.Technically,has been forming squat in early phase of base formation.Also forming multiple shakeout (a good sign.Finally today,price successfull break a pivot point with high volume.Lets see if this is a really successful breakout.i think it is
Sector: Plantation Swing entry with RRR 1:1 Disclaimer: You should not engage in trading unless you fully understand the nature of the transactions you are entering into and the extent of your exposure to loss. If you do not fully understand these risks you must seek independent advice from your financial advisor. All trading strategies are used at your own risk.
We observed a complete cup and handle formation, and it already breakout the neckline 0.570. Its best to wait for next breakout of resistance at 0.615. EP 0.615 TP 0.685, 0.745 (support become resistance), 0.955 (cup depth) SL 0.565 Speed: Fast with only 119M shares float (14% of 883M shares) Sentiment: Bullish CPO Plantation is cyclical sector, therefore it...
we have 2 scenario for THplant to trade ahead of earning report in the next few days .If price managed to break 0.575 resistant level next target area will be at 0.65 - 0.75 resistant . If fail to break further retracement with support @ 0.425 level