WAIT FOR BREAKOUTCurrent trend - reaccumulation
If the price succesfully breaks above RM0.25 with high volume, the uptrend will continue.
If the price break below the order block zone, sign of weakness where we can put out this stock from watchlist
CENSOF trade ideas
CENCOF - Analysis on price movementN wave with E, V & N projection target. Price closed at Senkou span B as a support. Also Senkou span A as a nearest resistance. Price is above kumo at this moment but need a strong momentum to keep upward and to breakout 52w High (0.420) to reach V & E projection.
Note:
1. Analysis for education purpose.
2. Trade at your own risk.
CENSOF a transition into Bull TrendCENSOF
- A rallied high stock since 2020-2021 before peaking at RM0.530.
- Retracement lasted for 12 months and have been sideways traded.
- Recent buy accumulation range with stop loss management.
- A need to breakout of its midpoint price action rally point to see a complete transition into bull market price.
CENSOF STARTING TO TREND UP?1. Tenkansen above Kijunsen (Crossing happened on 4/2)
2. Price above both spanlines and leaving to hover above cloud
3. Chikou Span out of cloud as expected
4. Buyers in control the past three sessions
5. The above reflect buyer confidence which is also boosted by a positive quarter results. Looking at all the signs, Censof can be seen as starting to trend up.
CENSOF MAY RESUME UPTREND1. Buyers in Control
2. Tenkansen above Kijunsen
3. Chikou span flat, but after today will be outside and above price range if prices maintain above 0.325
4. Prices will enter the cloud over next few days and if mainted at 0.335, uptrend may follow.
Censof-Breakout Downtrend LineZero bankers chip. They had just awarded a government project. I am monitoring this for a short term trading.
A Breakout Signal!CENSOF price closed above MA20 hence a Breakout Signal. MACD and OBV charts confirm a divergence (opposite direction) pattern where the signal shows an uptrend pattern. High probability it will be an uptrend pattern. Put in your WL and watch out for a significant price movement. To place your bid, using VWAP to enter your bid price.
R 0.390
S 0.330
CENSOFGOODLUCK TRADERS
TRADE AT YOUR OWN RISK !
“Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.” — Albert Einstein
Watchlist CENSOF1. In Daily TF show uptrend continuation pattern and 3 times make symmetrical triangle
2. My expectation from chart pattern showing it will make Ascending Triangle.
3. Stoch & MACD falling down and Bearish
4. Volume lower than previous day.
5. Can monitor MA50 (Blue line) as S&R too.
6. Fair Value: 0.675
#swing
#TAYOR MYX:CENSOF
(5195) CENSOF following the waves of DNEX?(5195) CENSOF
- Recent retracement from its failed quadruple top resistant.
- Price action sustaining its mid term trend formation.
- Pending for price action to trade above its midpoint to trigger price action rally.
- Manage loss management at the retracement zone.
- Strict stop loss at the stop loss noted.
CENSOF prepare to breakout? Will it succeed?CENSOF is a company in technology sector which specializes in IT services and solutions. This counter had fulfilled the criteria of indicators that i'd been use in technical analysis that made me to published this idea. There are few indicators and reasons which supports my idea.
Firstly, this counter have a strong resistance and support line. As you can see in the chart, the price movements shows the patterns of Cup and Handle, Flag and Pole & Ascending Triangle which all the patterns are bullish continuation pattern. CENSOF is currently uptrending based on its MA50 & MA200 and it will be very likely to continue its bullish trend. The support line is strong as 3 occurrences of retracement at the support line follows slightly above MA50. There are 4 attempts for breakout on the current resistance at 0.520 and the fifth attempt will be very likely to succeed.
Secondly, the contracted volatility of price range occured starting 20 April 2021. This indicates a few things that happen in this counter. Retailers sell their possession for profit taking when the breakout attempt failed. The accumulation by the institutional traders and investors created spikes of volume at the retracement. The supply is diminished corresponding with the volatility contraction. Refer to the chart, the volume traded is decreasing due to the diminishing supply. As soon as breakout succeed due to the low supply and high demand,, the demand will explosively increasing as the retailers try to join the price rally.
Thirdly, the hidden bullish convergence of the RSI line and closed price. This convergence indicates the continuation of the bullish trend. RSI indicators purpose is to determine the momentum of the price action. Even though the momentum is decreasing, it's still in the neutral zone and the price keep to climb up. Accumulation of momentum is currently occupied as the price range continue tightening/consolidating before the breakout and bullish trend take over.
As conclusion, CENSOF had a great technical and financial analysis to be noticed by everyone for a chance to gain profit. The financial analysis is necessary to attract interest from traders/investors and to estimate its potential growth.
DISCLAIMER: This post serves as an educational analysis and is never meant/ intended to be a buy/sell call or recomendation, whatsoever.
Investors / traders must always do their own due deligence before making any investment decisions. The author of this post is not liable in any way for any decisions made by any individual.
<TradeVSA> Strong VCP Setup. Ready for Breakout?Sign of Strength in the chart:
1. Re-accumulation with VCP
2. Effort bars above 20/40ma
3. NS Signal
Stocks to monitor:
1. EWEIN
2. Censof
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
CENSOF VCP SETUPDisclaimer:
Analysis based on my experience and not a buy call recommendation. Trade at your own risk.
Censof Ascending Triangle Turtle Ribbon Green
Fast turtle + turtle trend buy
FiFT +ve Spike up
MCDX+ Spike Up
Banker 59%, Banker in control
Atom Buy
Censof breakout?Is it breakout or fakeout? If it is breakout its triangle pattern, censof might complete his last minor wave of 5.
P/s: The analysis might be wrong, for educational purpose, let’s monitor closely. Not a buy call.
Censof - reversal is comingBased on the trendline only, we can know the censof will rebounded unless market get bad or got unprecedented news, which will cause price to go down and break the trendline.
But as per TA, 80% it will go up and break the triangle to make a new high. In my humble onions , now is the time to enter and TP at the next cycle end.
CENSOF LEARNING TECHNIQUE BODTL METHODLearning using method Trendline BODTL + AO Awesome Oscillator Indicator + Elliot Wave 12345
