It's closing 0.865 and forming hammer ?
Can try for short term trade?
>> still OS counter ATM.
>> Price above Hull MA but it's still red, must be careful.
Those BOD (Buy on dip) traders might take risk, but personally prefer OB counters.
Just monitor how the market react.
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or...
In the ongoing back-test, the signal appears to indicate a potential buying opportunity in close proximity to the 50-day Exponential Moving Average (EMA50). This suggests that the current price might be favorable for initiating a purchase, according to the predefined trading strategy being tested.
1. The price's consistent position above the MA50 during a period of consolidation indicates a notable uptrend.
2.Upward trajectory of the MA200 further supports the indication of sustained bullish momentum.
3. Given the price's ability to stay above the established support level, there is possibly leading to a new high
31st Oct 2023, the stock is in the uptrend phase and has made an increase. Then the price sideways for a few days. On 2nd and 3rd Nov 2023 Sharks appear (yellow bars). The appearance of Sharks during the sideways price is a signal to the door "TAPAK JERUNG" in the EPRAF indicator. Let's watch the action of CYPARK next week.
Based on daily chart, the stock price rebound from MA200 and near to cross above MA50. Moreover, the MACD also make a crossover. Not only that, on weekly chart, the stock price rebound from MA50 and cross above EMA21. In my opinion, this is a good setup.
Based on weekly chart, CYPARK formed a bullish harami pattern with volume. In addition, the pattern is formed just above MA50 (support level) and there is a potential that the stock may rebound from the oversold region. Meanwhile, on day chart, the price rebound from MA200 (support level) after consolidate at that level for 5 days. This shows that the support is...
CYPARK rebound in daily chart time frame
Candle crossed above Resistance line 0.840 and able sustain.
Next resistance 1.01
Can CYPARK break next Resistance?
EP 0.395
TP 0.43/0.435
SL 0.36/0.37
Backtest result from 2022-09-01 14:30:00
5 trades
60% win rate
p.s: not a financial advice
#deepagiscreener #TAYOR #bursa
While anticipating budget 2023 to be tabled by 7th October, we believe will see some reaction by the green energy player.
This is writer personal opinion not a buy call.
A significant price movement from the previous trading due to intrigue buyers backed by a high volume. Hence, the candlestick body closed above the MA50 line. This indicates a strong buying interest in CYPARK from the previous candlestick pattern toward the uptrend pattern.
MACD and OBV indicate a divergence pattern, hence, supporting the pricing uptrend towards...
1)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
Disclaimer
CYPARK spotted retesting the ABC corrective zone of Elliott Wave's pattern as well has crossing up fibo886 of the bat harmonic pattern. In-between Wave 1 to Wave 5 of Elliott's Wave, the price retraced to fibo786 and rebounded, and is expected to TP at fibo786. This TP area corresponds to fibo886 extension of the bat harmonic pattern.
Sign of Weakness in the chart:
1. Red Pentagon bearish signal in KLCI
2. Downbar high volume
3. Gap down below support
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
