Break resistance 10 March 2023. Retest support. MACD Buy.1. Break resistance 10 March 2023.
2. Retest support.
3. MACD Buy.
4. TAYOR & Good luck!
4.00%
0.030MYR
28.151MMYR
930.396MMYR
127.345M
About CJ CENTURY LOGISTICS HOLDINGS BERHAD
Sector
Industry
CEO
Choo Hing Teow
Website
Headquarters
Klang
Founded
1970
ISIN
MYL7117OO004
CJ Century Logistics Holdings Bhd. engages in the provision of supply chain solutions and logistic services. The firm operates through the Total Logistics Services and Procurement Logistics Services segments. Its services include supply chain management, international freight forwarding, assembly and procurement, fuel processing and storage offshore, key account management, road transportation and distribution, warehouse management, shipping, chartering and bunker, project handling and management and tax exemptions consultancy. The company was founded in 1970 and is headquartered in Klang, Malaysia.
CHEAT SETUP CJCENLatest quarter report shows an improvement of sales and profit.Currently price just breakout and rebounce back up of the horizontal line on higher volume.
CJCEN in BD formationCan try CJCEN in double-bottom neckline retest pattern and price has crossed up pivot point.
CJCEN poised for upsideCup forming.
Large upside.
Company buyback shares in January 2022.
Collaboration with Astro.
CJCEN@ 07 02 2022 - Forming Cup n Handle pattern, with strong resistance at 0.635, closing today with strong volume , what say you?
Backtest Trade 2.0: CJCENMake setup when have these policies:
1) extrapolate volume (than pocket pivot & 20MA line)
2) ADR = 4.274% > 3% =strong momentum
3) candle bullish
4) above 200EMA (blue color)
5) entry by refer to lower TF, as have upper wick
6) TP based on sign. Resistance zone
CJCEN IN ABC FORMATIONFrom 0.440 swing low on 1 July 2021 (Point A), the price rose to a 52-week high at 0.675 (Point B) on 19 November 2021. The price thereafter retraced to fibo618 at 0.530 on 29 November 2021 (Point C) and closed above EMA100. Thereafter, the price retested EMA100 and 0.550 yearly pivot on multiple o
Less Active and propose to reviewthis counter has less active volume, propose to monitor unless there is a catalyst for this industrial
CJCEN CUP&HANDLE SETUPMy Plan as stated in chart.
On the chart, this price movement will look like a ‘Cup and Handle’.
The pattern can form across all time frames and can be used for intraday trading, short-term swing trading and as well as longer-term positions.
#TAYOR MYX:CJCEN
CJCENEntry Point support 0.51
Profit Target min 0.72
Stop Loss 0.485
#JerungDetector #DeepagiScreener
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