My previous hypothesis still remained valid
Latest price action, from my POV is that, it is re-accmulating (Step Stone)
I am attracted to the bar on 27/2/24
-this is what wyckoffian termed as CO Rotation (Changing of Hands)
Position Re- initiated as attached since last i sold it
-Absolute pure wyckoff-
CCK, as previous analysis, continuing its mark up
as evidence by local Spring , my hypothesis is the current BO is a signal towards phase E
in view of that, position initiated as attached
pure wyckoff
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.
There's a formation of cup and handle. The price almost approaches the resistance. Is there any chance, is the price able to maintain above the zone and beyond or any else ? What do you think ?
As i view the latest unfolding price action, i initiated my position based on POE #3 BUEC yestday
it seems that along the BUEC, absorption was taking place on the way down --> Consolidate
Entry : 0.815
Stop Loss : 0.790
Take Profit : 0.865
pure Wyckoff Methode
The price is in a robust uptrend, riding the wave of the 50 and 200 Moving Averages. Strong fundamentals contribute to our buy signal. Upon closer inspection, a solid pattern is forming, followed by a breakout with significant volume, validating the breakout as genuine and not a false signal. In my assessment of this stock, it presents a potentially lucrative...
Trading above EMAs 20-50-200 and in a parallel channel. Still on an uptrend.
Watch for a big candle with volume & MACD crossover for continuation of upward momentum.
Price has broken the resistant on 30/09/2022. Let's wait for little pullback formation before placing our entry.
Would this indicates for CCK price to reach the next resistant?
Potential entry:
RM0.625 - RM0.64
Resistance:
RM0.675 / RM0.72
Support:
RM0.60
Disclaimer: This trading idea is for education purpose only. This is not a buy call nor a stock...
Pattern:
Breakout Pattern CUP
come with volume today 22/12/2022
Target Price Pattern RM0.96 - RM1.00
Have major resistance on half way to TP (check my chart)
Trend Chart:
Major Uptrend but my 2nd choice trend pattern.
CCK might rebound? The candle are now closer to the resistance and support line. Base on green volume and green candles, there might be something interesting for day traders.
Support: 0.61
CUTLOST 0.57
Resistance: 0.65/0.69
The CCK CONSOLIDATED HOLDINGS is the collective name for CCK and its subsidiaries. The group is principally engaged in poultry, seafood, trading and transportation. The Poultry segment has integrated supply chain consisting of breeder, hatchery and boiler farms. The seafood segment is involved in prawn agriculture...
1. TR setup formed at Daily, weekly EMA 200 below price. Next resistance seems to be strong at RM0.65
2. Hammer formed and break at RBS.
3. Bursa Marketplace rating 10, average target price RM0.76.
The most of strongest Momentum wave - Golden Wave (impulse)
Criteria :
* Minor wave 3 in 3rd impulse major Elliot Wave
* Strong Bullish Momentum volume unusual
* Steepness of a trend line increases from 45% to 70% deg
* Strong Break in bar retracement symmetry leading to a change in trend behavior
* Bullish gap up price action
