consolidate mode since Sept ( 45 mth) waiting breaks out. it is a good fundamental stock. Wait release QR see any further wash down
Last month i do share an article about Bursa volatility contraction pattern development. Not a successful break last month and continue to develop. Seem like attempt to break again today. C1: ~28% C2: ~10% C3: ~3% Immediate support: 8 (7% risk) Disclaimer: Buy at your own risk, article just for technical pattern sharing purpose.
Bursa Malaysia is developing volatility contraction pattern at contraction less than 5%. Entire pattern has developed for 138 days. C1: ~29% C2: ~8% C3: ~4% 7th Dec 2020 huge candle with large volume is a good support. and it is forming a pivot point now. With the current entry price, the next support will be at 8.18 which risk only at ~5.75%. Disclaimer:...
IDEAS: 1. Short term rebound 2. Bankers collection started 3. Target to reach 10.50 and above. A 20% upside.
Bursa previously has retested 2 times at RM 7.8, but failed to break lower. Hence we can take that as a strong supporting zone. And looking at the momentum, selling momentum is changing to buying. Looking forward to retest the previous resistant Rm10.20+ Risk and reward 1.8 : 0.8 And coming QR is promising!
Please consider your own interpretation of Opportunity & Risk: Green Arrow (Transparency = 0) = Representing Upside Red Arrow (Transparency = 0) = Representing Downside Green Arrow (Transparency = 30%) = Representing Alternate Price Path, or less probable outcomes Red Arrow (Transparency = 30%) = Representing Alternate Price Path, or less probable outcomes NO...
9.13 is the support line. Look at that hot red money is running out...
DT = Double Tops Bearish Reversal Chart Pattern Please consider your own interpretation of Opportunity & Risk: Green Arrow (Transparency = 0) = Representing Opportunity Red Arrow (Transparency = 0) = Representing Risk Green Arrow (Transparency = 30%) = Representing Alternate View for Opportunity, or less probable outcomes Red Arrow (Transparency = 30%) =...
Fast Turtle Buy 9.8 bouncing from EMA20 and Fibo 0.382. FiFT turned +ve ATOM Buy. The only concern volume is below average. Can consider buy on pullback. SL below 9.1
Bursa volume of trading will contribute to its earning, hence justified the price increase. The chart shows the trading ideas previously in expectation of Covid-19 demise. Low and bottom feeder. Then due to stimulus plan, Bursa rebounded strongly, meeting the expectation. MCO contributed positively to market as a whole, and specific to Bursa. We had seen...
Bursa 4/7/2020 supported at 7.160(despite some fake dropout to 7.120 area earlier), currently formed a doji here, it may goes for a correction making a higher low , before further trending and breaking out the 8.500 resistant area. bursa 29/6/2020 today low 7.120 as your new support. bursa 25/6/2020 despite the market is not so good , bursa seems still standing...
Hi, I think BURSA will continue back the move up after recent retracement down to area of horizontal line A which was a major resistant-turned-support line on higher TF. Bar 1 was the climactic bar, with ultra high volume, meaning buyers entered to slow down the down move. Bar 2 was a No Supply bar. Bar 3 was a spring, meaning that price broke below the recent...