To gain in stock market is not difficult. But it require a strong discipline and patience.
From Dayang counter, if you apply VCP pattern and enter at its breakout zone which is 23Aug2022, by now you are enjoying at least 40% profit margin in 82 days.
Imaging if your entry price is RM1.000 with stop loss setting at RM0.910, your risk is around 5%.
What a...
Dayang - For energy sector in KLSE, you may take a look at this possible rounding bottom to form towards 1.65 area. Individual may use 1.2 area as support if to trade in. Red chip keep appearing all the way for this counter.
#DAYANG (Case Study)
New 52WH as price manages to sustain above support 1.06 and breaks R 1.17.
Current Demand area 1.14-1.18 supported with uptrendline.
Immediate target at 1.3 at previous SBR area.
Lets monitor closely!
*Personal opinion trade at your own risk*
This counter is showing a sideways neutral movement from a long time. but is expected to make a upward trend.
If its breaks the resistance of 0.950 then make an Recent All time high.
It is expected to go up till 1.020.
Resistance:- 0.950,1.025
Support:- 0.920, 0.885
The Relative Strength Index (RSI) is at 66.64
Just a prediction, traders may look for additional confirmation.
If the candle goes down past the 0.786 fibo retracement, it can be assumed that the gap below (0.785) will be closed first before making a rise
Disclaimer
Any information contained in this page should be considered as general information, research and learning only. I am not responsible for any...
DAYANG is trading around @ 1.180 (52 weeks point of control as future support/resistance)
It's worth to monitor the price volume action near this level to determine whether a rebound with higher than average volume will take place or the downtrend continues
Disclaimer:
This is intended to be used and must be used for technical analysis education purposes only....
NO INVESTMENT ADVICE IS PROVIDED
DISCLAIMER
Please consider your own interpretation of Opportunity & Risk. The author of this post strictly follows the Malaysian Security Commission ( SC ) Guidelines on the prohibition of Investment Advice by unlicensed parties. Any examples shall use historical charts without any recommendations and not to cause inducement to...
Dayang had retested 1.3~ 1.35 region and shown very bullish candle in the last trading days.
Most likely will go back above the trendline.
I am neutral with this pick and reconsider a long once it go back above 1.4 region.
Disclaimer:
This is solely a sharing of investment idea and does not serve as an investment advice.
Any losses incurred due to this post...
Sign of Strength in the chart:
1. Reaccumulation
2. NS signal near 20/40ma
3. Volume increase
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
