I have a large number of stocks whose momentum readings are still valid during my absence, but I couldn’t find more when I returned. Weird…
The support area could be set at the most recent pivot low of RM0.275. However, this would make my target price based on the risk/reward ratio too high, and I wouldn’t want to hold that long.
I would set the stop loss to...
>> 275 area as support
>> Broken 255 will ugly again.
>> Price below Hull MA.
>> Stochastics is OB, if able to maintain that position, might has show.
Monitor for potential trade.
When the market moves where, and how, and if - these are all unknown. The only thing which we can control is our risk. Focus on risk management!
Keep the long term...
Potential to rebound soon?
245 as support.
>> Day's Hull MA still red ATM, just wait it turn green.
>> best if price above 255.
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible...
Price under sea level. Which is not good at the moment.
Need to break the downtrend line (pink). Or else will continue down.
0235 as support, once broken GG.com
Ideally price show close above the EMA line. Why? Think about it.
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or...
Market strucure in side way trend
pls count your risk and reward.
for better trading plan .can wait price going down little bit before enter position to having nice reward
trade as planned.
Consider to study and monitor PESTECH's current daily chart which resembles that of a BAT bearish harmonic pattern where a potential swing trade can be taken if the price rebounds between the BC wave retracement and rebound zone. In this case, the price has shown high probability of rebound at fibo886. The potential EP could be 0.475 which is a 4htf pivot point...
the counter has been silent for the past weeks, and from the trend setup we can expect the trend reversal to be coming soon.
1. the entry price is feasible & acceptable at the current price.
2. the earning report may affect the reversal strength
this is for own analysis, and please trade at your own plan & risk.
PESTECH shown VCP setup with below contraction:
C1: -38%
C2: -9%
C3: -8%
First entry point occur on 27 Sepp when it breakout the low cheat area. After that price experience a natural reaction with low volume.
Awaiting tennis ball effect to take place. Will the price breakout the 3rd contraction? Let's see.
Disclaimer:
Not a buy call recommendation, sharing...
for research and study.
method : trendline breakdown + continuation of pattern.
FA : the trading view not allowed me to do so much typing here. pls do ur own FA or canslim.
downtrendline breakdown occur in 23/08/21.
gap up @ 30/08/2021
momentum seem start to pick up with high vol.
continuation of pattern = ascending triangle start to breakout @rm1.08
r1 =...
A signal of Buyer and Seller momentum and willingness. Consolidation stage may be happen for certain price range and time. Net Buyer signal. understand and do the trading setup is crucial for risk and rewards.
FA is recovery and potential.
PESTECH IF REFER TO MY ELIOT WAVE (EW-BLUE) HAS END OF WAVE 5, AND ALREADY MAKING A-B-C WAVE. NEXT CYCLE OF EW AHEAD. START EW-1 BUT SLOWLY MOVEMENT. (REFER MY JFTECH CHART)
IF REFER TO MY (EW-BLACK), IT CURRENTLY ON WAVE 4..AND IF BREAK PATTERN, IT WILL GO UP AND START WAVE 5.
BUT MY POINT OF VIEW IS MORE TO (EW-BLUE) DUE TO VOL SELLING INCREASE WHILE THE PRICE...
PESTECH
Theme: Engineering
Rst: 1.13
Spp: 1.03
Falling wedge formation (impending bullish move), latest candles are surviving at key support 1.03, RSI & MACD are slowly recovering as well
Earlier we have a 2nd entry signal at 1.2.
Price doesn't go up as I expected earlier, however, it doesn't break through the cut loss line we set.
Hence, I remain on the TP earlier, around 1.4+
Yellow dotted line referring to support & resistance.
TP = RM1. 40 / +20% or more
CL = RM1.03
Like my works? Please hit the Like, Follow and Share or tip a coin...
Overall still an uptrend, bullish and strong bull stock with red EMA20 line is above green EMA50 line and price closed above EMA50. Need more few days to reverse its short term downtrend to break out from its triangle pattern. Can consider entry now as it is closed near to its support 1.135~1.110. Resistances to break 1.245, 1.315 and 1.430. Banker chip at 35%.
