Once pullback, need to stay inside the parallel channel. Once broken bottom, ugly side will out.
Let see how it go... Rebound within or broken....
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...
Price action breaking up a long term downtrend resistant line with building up volume .
Construction sector will have a short/mid term rebound.
Targeting +10% - +50% profit from current RM1.11
Risk Reward ratio: 1.5
TP1: RM1.25
TP2: RM1.45
TP3: RM1.65
Cut loss : -10% (RM1)
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Price has broken the trendline on 09/08/2022. Let's wait for little pullback formation before placing our entry.
Would this indicates for MYX:ANNJOO to change direction to uptrend?
Potential entry:
RM1.15 - RM1.18
Resistance:
RM1.225 / RM1.395
Support:
RM1.14
Disclaimer: This trading idea is for education purpose only. This is not a buy call nor a stock...
One can take a long position on ANNJOO as it is spotted rebounding from its 52-week low which happens to be Elliott Waves' ABC corrective zone where the price has completed the 5 sequence. If seen on a weekly chart, the price has been clearly consolidating at fibo786. Proposed retracement EP would be 1.045 and the proposed CL is 0.980 which is below the 52wl...
Consider to study and monitor ANNJOO's current daily chart which resembles that of a bullish butterfly harmonic pattern, bullish flag as well as elliot's wave potential reversal.
Pull Up condition :
1) ANNJOO candlestick has come to Level-1 of Declining Stage (point D) and rebound
2) BankerCollection+ indicator - triggered since 29th Nov 2021 (light aqua color bar)
3) FundFlow+ indicator - Fund flowing above zero/Positive value
Support & Resistance:
S : 1.640 (lowest on 22nd Dec 2021) (-11.83%)
R : 1.890 (+1.65%)
Remark:
- length of...
Annjoo's recent chart resembles that of a bullish butterfly harmonic pattern as per its respective Fibonacci levels. Above point D level is therefore deemed as the Potential Reversal Zone (PRZ). To enter a trade, the probable EP would be 1.720 to retest a 4-hour time-frame pivot point. The probable maximum TP is 2.485, which is fibo618 and slightly below the...
Case Study for:
1. LBALUM
2. HIAPTEK
3. ANNJOO
Main focus in this video:
1. How NS in daily and weekly chart help you to check SOLID Support
2. Using Gap as Resistance
3. Overall market structures and stages
4. Use Weekly chart with NS and Green Pentagon
5. Short term Trendline to monitor trend
Disclaimer
This information only serves as reference information...
P/S ..Always "View Chart" from "Bigger Pic".. E.g: From Monthly Chart. to lower Time Frame..The Higher Time Frame "Support/Resistance" the "stronger" it would be..
ANNJOO
Theme: Metal
Rst: 3.00
Spp: 2.81
Cup and handle breakout, since this is fresh breakout, supported by rising indicators and solid volume, the upward trajectory shall progress until next Fibo Ext level.
