Weekly -Price Double Bottom
RSI Bullish Divergence(OS to OS)
T0 17 Mac 2023
Entry Range 0.255-0.275(Yellow Box)
Entry base on T2-T3
CL if weekly close below 0.225
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CAREPLUS GROUP BHD
This counter after sideways movement for a bit of time is now expected to make an uptrend movement.
it is currently trading at 0.755.
Support:- 0.625,0.675
Resistance :- 0.910, 1.055.
the current Relative strength Index (RSI) is 76.06
Sign of Strength in Hourly Chart:
1. Shakeout Pattern with high volume upbar
2. Lots of Sign of Strength at support
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
Sign of Strength in the chart:
1. Green Pentagon above 20/40ma in hourly chart
2. Strong Line Change bar with volume
3. CoC above 20/40ma
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
Coretan Trading Idea ini hanyalah kajian & pembelajaran sesuatu kaunter saham SAHAJA. Ini BUKAN merupakan satu bentuk BUY CALL kepada mana - mana pihak dari penulis.
Mana - mana pelabur dan pedagang adalah bertanggungjawab terhadap tindakan dan pelaburan masing - masing.
BERDAGANG DI ATAS RISIKO ANDA SENDIRI
Trading Idea:
1) There are two boxes that can be significant to provide support to the price which can act as the entry zone.
2) CL is there - up to u want to use or not. Suggestion: Follow your analysis and trading plan.
From Chart:
1) HH formed with break out of downtrend line.
Sentiment:
Glove sector bull might be repeated with the current situation:
-...
Case Studies:
1. Top Glove
2. Hartalega
3. Supermax
4. Careplus
Main focus in this video:
1. Identify trend with weekly chart
2. Sign of failed reversal
3. Inverse Pullback
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
Carepls - wait for buy force
Wait for the VT MCDX Smart Money Pro signal for enter
Note: For Interested to subscribe the VT MCDX Smart Money Pro and learn Victor Trade System, and kindly contact owner
(Disclaimer: for demonstrate own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk)
1. Supposed corrective Wave has finished and already making Wave 1 and Wave 2 retrace at .382. Reversal candle formed.
2. Good risk reward ratio.
3. Weekly EMA 12 > EMA 36 > EMA 200.
4. Bursa Marketplace rating 6 (net income 2020 expected to raised significantly) iSaham 9.3, i3 ATP none.
Recent 200-MA breakout is above the long term trendline of downtrend. With a combination Higher High and Lower low, I predict that another 200-MA breakout will change into an uptrend.
I'm still learning, feel free to correct me or give your own opinion. Thanks.
** No buy and sell call **
**This idea is purely my own study purpose.
1. carepls is now touching 1.68 support line
2. it might move side way in the next few days then rebounce back
3. the 1st resistance to break is 2.125
4. if all goes well, the next resistance is in the area between 2.57 - 2.7
5. the next resistance will be at 2.835 - 2.845
6. finally it...
1. Careplus weekly have completed the ABC cycle and expecting to make another wave.
2. H4 is Wave 4 where reversal expected to be at 0.382 level (previous Wave 2 at 0.618) also an RBS area. Hammer formed and break with bullish candle.
3. From isaham, profit and revenue increasing, PE 5.3, WAFV RM2.83
