Regardless we are traders or investors, should know to look for the trend and what is Oversold (OS) n Overbought.
For this round, like CNERGEN, when it started form first LH and indicators heading to OS area, we should foresee it's downtrend in making.
What OS means (for me):
>> day trade with lesser profit (best is skip).
>> lower will getting lower (loser will...
The candlestick pattern indicates the price has rebound from the price support range. Where the price gains momentum towards the R1. Although there was a significant price movement the result in volume is lower than the average volume. Hence, indicate an accumulated phase pattern but suggests that the long-term uptrend remains intact.
The MACD is in a divergence...
EP 0.88/0.885/0.92
TP 0.935/0.955
SL 0.875
Backtest result from 2022-09-06 14:45:00
18 trades
72% win rate
p.s: not a financial advice
#deepagiscreener #tayor #bursa #bukanbuycall
EP 0.895
TP 0.92
SL 0.88
Backtest result from 2022-09-06 14:45:00
14 trades
76% win rate
p.s: not a financial advice
#deepagiscreener #tayor #bursa #bukanbuycall
CNERGEN break out Triangle Pattern on 27 Sep 2022 with more than average volume.
The price retested resistance line on 3 Oct 2022.
Short/medium term potential target price @ 1.240
Disclaimer:
This is intended to be used and must be used for technical analysis education purposes only. Trade at your own risk.
CNERGEN is showing potential Inverted Head & Shoulder Pattern with more than average volume
Potential target price @ 0.880
Disclaimer:
This is intended to be used and must be used for technical analysis education purposes only. Trade at your own risk.
CNERGEN
- 26 days newly listed IPO stock in KLSE.
- Accumulation buy phase with a stop loss management as drawn.
- A price action rally needed to cross above its midpoint price action rally.
