I have drawn two downtrend trendlines, which are early and latest downtrend trendlines. These two trendlines have been broken. So, I see that the potential downtrend is over. Now, I look for the beginning of an uptrend. I have identified an uptrend structure where there are points LOW (L), HIGH (H), and HIGHER LOW (HL). However, the price still does not make a new...
The current price 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.
UP, KEEP
(Disclaimer: for demonstrate own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk)
After two support point formed above EMA50, the price starting to surge high, where I will set my Target price at RM7.500.
With my risk controlled within 5%, I can set my stop loss at RM6.600. A good fundamental counter with technical analysis signal show up, I will see this as a worth to try trade.
Feel free to express your ideas and thoughts in the comment...
Bursa probably “bottom” @ 5.320 +/- or 5.00 ( major trend line ). 5.320 is confluence zone of : 1) POC of volume Profile 2) Median Line of channel 3) Monthly Demand Zone.
Support all bank customers. Because of the epidemic, many people are unable to pay interest. Then we support the bank’s December interest to reduce the burden on the people.
BURSA price breaking previous low, price might down to around RM6.00 before completing its correction. RM6.00 is the :- 1) Next "peak" of Market Profile 2) The Lower Trend line ( Red) of parallel channel 3) Next Major Demand Zone
BURSA probably now moving up to wave b (green) of the running flat (a)(b)(c)(yellow) pattern. Whereby wave b (green) could reach at around RM20.00 on upper trend line of a parallel channel (Cyan/Blue)...
1. Weekly uptrend EMA 10> EMA 30 > EMA 200. Start to make WAve 1 after correction?
2. H4 now in Wave 4, where reversal signal (hammer then bullish candle) spotted at 0.382 Fibo level. Also an RBS.
3. Isaham score 13.3 WAFV RM8.84, i3 ATP RM10.03
Historically we have seen technical rebound when :
1. Price is at lower Bollinger Band
2. RSI 3 dips below 10
3. MCDX indicator red bar touches 0
4. MCDX indicator green bar touches 10
All this combined indicates stock is oversold and likely to rebound.
Note :
EPF steady buying the past month.
QR is expected end of April.
TAYOR
Breakout with high trading volume while price in consolidation sideways.
Country currently under lock down MCO; price may have further upside with more people trading on Bursa while staying home.
Company announce Dividend of MYR0.26 and special Dividend of MYR0.08 (ex-date 19/02/2021).
Trade with caution as always and look forward to your opinions.
