The current point 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.
- Wait confirmation bullish candle at 0.6-0.620 area.
- I don't think you should sell at these area if you are in loss position. Nevertheless, it can still go lower if break 0.600.
- Trade at your own risk
15% profit
-price dah sampai 16% dari BO place
-ADR (volatility),
drop from green to red line (range 2.5 - 2.9)
indicate supply = demand
-RSI>50 = strong uptrend momentum
-RS>0 = strong stocks compared to FBMKLCI
characteristics:
1st drop < 35%, last low cheat < 15% from top
monitor closely when it has small range,
Remember:
1. volume come first before...
Support: 0.77
CUTLOST 0.73
Resistance: 0.81/0.86
CARIMIN is renowned for its highly dedicated group of professionals, from our Management to all our highly trained on-site personnel in a full array of Oil and Gas industry-wide services. We provide skilled personnel to the Oil and Gas industry for both onshore and offshore projects and facilities, from...
It was on its way to complete the handle when the oil steams slows down due to new Covid strain. But seems the +ve momentum is coming back and probably we could see the trend resumes. However in H1, no indicator indicates a reversal yet, probably to wait for better signal during trading day.
R 0.680, 0.700, 0.760 (neckline)
S 0.650
This will be invalid if the...
Moving towards the neckline, stock is making a good run now. MACD+RSI+Stochastic gives good signal for momentum. Do observe the gap zone 0.890-0.995 which is waiting to be filled fast. A safer entry is to entry after its breakout the neckline (0.755)
EP 0.760
TP 0.820 (+7%), 0.930 (+22%), 1.0 (+32% physocological support) , 1.07 (+41%)
SL 0.705 (+7%)
Speed:...
CARIMIN
Rst: 0.80
Spp: 0.715
Bullish engulfing formation, pushing the stock back above Fibo Ext first tier hurdle, this move indicates the bullish strength is yet to dissipate, surge can be expected towards next Fibo level at 0.80
CARIMIN
Rst: 0.80
Spp: 0.715
Bullish Marubozu candle rose above upper BB and at the same time propelled above Fibo Ext first tier resistance zone, indicating the stock will cast further move to 61.8% zone.
CARIMIN has been riding downtrend channel since 4-Aug-2020 and currently is on top of parallel channel. Stochastic showing a downside bias with no breakout sign from MACD.
Volume are quite heavy in past few days probably due to vaccine/covid recovery theme.
If the price action unable to breakout 0.565 resistance zone, it will continue downward in the channel with...
Please consider your own interpretation of Opportunity & Risk:
Opportunity to buy into weakness, approaching area of support.
NO BUY CALLS OR INVESTMENT ADVISED ARE PROVIDED.
DISCLAIMER: This analysis is for reference and learning purposes only. It is based on my personal view in the market from a technical analysis standpoint. None of information posted...
The support and resistance of CARIMIN are 0.57 and 0.695 respectively.
It is observed that the MACD line of CARIMIN is below the centreline indicating some degree of weakness in the price movement.
Resistance 2 : 0.695
Resistance 1 : 0.660
Resistance Breakout : 0.615, 0.625
Support 1 : 0.560
Support 2 : 0.435
