The market condition for Bursa Malaysia seems improve. The market is above the psychological level 1400.
Entry, take profit and stop loss level as on the chart.
Hi, AJIYA is on an uptrend move. Possible testing the price @ RM1.60 in the near term. This is a good stock with strong fundamental. Strongly recommended for long term trading.
TAYOR!. Marked 11 years in the trading still!!
Sign of Strength in the chart:
1. Shakeout Pattern
2. Pullback low volume
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
The share has been working lower for a pullback since early this year, however, there were reiteration of bullish pattern suggesting further movement to the upside if the price could significantly close above the pennant pattern on the two-hours time frame. Resistance is seen at 1.195 and 1.25, and Fibonacci resistance on the weekly timeframe is seen at 1.535. On...
fundamentally poor company.However price action shows high tight flag pattern and volume coming in.on the right side of the chart,price shows a contraction pattern with lower volume.Looks for breakout of the upper flag with high volume to confirm success
BUY
- Give it a few more days to sustain above .700
- Took around 120 days to build a base and it is challenging the previous high at .700
- Buy around .700
- Better entry was when it broke .615
SELL
- Nail down profits to protect the profits
- Possible establishing higher highs since it’s on 52w high stocks’ list
RATIONALE
- Trend reversal is seen on...
NO INVESTMENT ADVICE IS PROVIDED
DISCLAIMER
Please consider your own interpretation of Opportunity & Risk. The author of this post strictly follows the Malaysian Security Commission ( SC ) Guidelines on the prohibition of Investment Advice by unlicensed parties. Any examples shall use historical charts without any recommendations and not to cause inducement to...
Sign of Strength in the chart:
1. High volume at resistance
2. Accumulation with low volume
3. Pocket Pivot
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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
VCP pattern formed over 3 months period with decreasing volume with 1st, 2nd, 3rd contractions: 20.54%, 9.37%, 5.03%. Confirmed BO if it manages to close above 590.
Supports at 560, 540 and resistances at 590, 605, 635.
Note: This is a low volume counter.
Disclaimer: Trade at your own risk.
Ajiya has been formed a big cup and forming cup handle now.. Possible to break through the strong resistance 0.585 and 0.645??
if break through, sky is ajiya limit.
for my own record.
