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.
Elliot Wave: how many waves already?🤔
>> Was gained more than 80% from latest bottom.
>> I will choose to protect downside (if trade).
>> Once brake the EMA lines will ugly.
Make sure you're in the RIGHT SECTOR (right place at the right time) like FengShui 🤩
When the wind is not blowing, no point sitting there waiting, position ourselves in place of most...
Monitoring this counter after breaking the resistance. Expecting further uptrend from current price 0.23. Expecting a TP at 0.28. Low risk trader can wait for retracement for entry which highly doubtful seeing the rally.
P/s: Not a Buy /Sell Call. Please due diligence before entering any trades. Trading in risk instrument can incur partial / full loss.
BEARISH (M) LAZY (Z) 5-0 was found, however this pattern is not valid due to C not valid due to less than 1.618.
C should be between to 1.618 to 2.24.
Valid Reciprocal 0.5 AB=CD is more preferred.
Price action still within sideway trend.
Expected risk reward should be 1 : 1.
Trading Idea RSAWIT (19/01/2021)
- Collection mode. Wait until plantation theme kicks in.
- Entry within the green zone
- Target and stop-loss as drawn.
Disclaimer: This trading idea is strictly intended for informational purposes only so please do your own analysis before making any investment decision.
Chart menunjukkan harga bergerak di dalam ‘consolidation phase’ di mana ianya membentuk ‘rectangle pattern’. Harga perlu melepasi pattern tersebut untuk meneruskan pendakian ke atas.
Walau bagaimanapun, ini adalah analisis peribadi penulis. Sila berdagang mengikut pelan dagangan anda sendiri.
Trade at your own risk .
ABC zig zag retracement
Trading Plan:
EP - Price close equal/above 0.275 at 1 hr TF
CL - Price close below 0.260 at 1 hr TF
TP - 0.31 or 0.355
Monitor crude palm oil price :
EP only if price moves above or towards RM3000
JUST KEEP IT SIMPLE WITH BURSA. TECHNICALLY, BASED ON CURRENT VOLUME, RSAWIT WILL TOUCH 0.345 ON SHORT TERM. ON MID TERM, PERHAPS MONTHLY, BASED ON FIBO 1:1. I THINK IT WILL TOUCH THE NEXT RESISTANCE ZONE @ 0.45.
TAYOR! (TRADE @ YOUR OWN RISK)
![RSAWIT: [19 September 2020] RSAWIT Downtrend Line Break Out](https://s3.tradingview.com/b/Bh89hpzl_mid.png "[19 September 2020] RSAWIT Downtrend Line Break Out")
