Based on analysis conducted, Destini is currently minor bullish before going down, where it will go up as per arrow completing the Z wave. And down for another correction before a long and more profit.
Each of turn is the target price for correction and impulse.
How to know? Hint: To count bar by bar, then you will know.
Destini on weekly timeframe already Break out its weekly downtrend line.
Will it going to form inverted head and shoulder pattern? lets wat and see RM0.350 coming?
1) Break Down Trendline and seems tested it again.
2) Price above purple line - good sign
3) Still in cycle. SL at 0.245. Big buy volume to test 0.28, if breaks, then its good sign of break out.
TAYOR
DESTINI set a new highest 52 weeks price with the continuous volume set above MA20. MACD and OBV charts are still in an uptrend pattern. To place a bid, use VWAP as a guideline to identity the price bid. Place your bid price below the VWAP line.
R 0.320
S 0.280
Destini 06/09/2021
Whale movement detected ready to Pump . slowly turn down, but still have the momentum to push.
Money Flow smoothly show increasing of accumulation from market maker
Accumulation phase regain momentum for another Spike to happen in next few days.
Go long
-above 100ema
-price traded above Kumo
- senkou spans rise at angle 45 degree and merged.
-tenkan n kijun too
-breakout from falling wedge pattern ( not drawn)
- DMI and RSI showing good momentum and RSI will remain in the overbought region for quite sometimes if momentum is strong.
- f.float 36.6%
in short LWTG!
Watchout if price BO and closed above trendline (yellow line).
Bearish Trend will continue if price below red line (Major Support).
#TAYOR MYX:DESTINI MYX:AWANTEC
#PRIMEMINISTER9
DESTINI already break the all-time down trendline on 20 Jul 2021.
The price already has pulled back and tested the down trendline.
The price is looking good to rebound at an uptrend trendline.
Stoc RSI weekly just crossed up, potential to go up.
The best entry for today is above 0.265.
(Just for research & learning)
Note
- Base on Trendband chart, the price of this stock are undergo for correction.
- Suggest entry should be after breakout or in between 0.22 and 0.18
Disclaimer: This is not a buy call but for learning purpose
Technical analysis
In accumulation phase
Price at MA20 line
Volume is OK - 3 buy volume spike in Nov
Potential uptrend continuation
Trading idea
Entry price: 0.260-0.275
Cut loss: 0.255
TP1: 0.310
TP2: 0.340
TP3: 0.370
A good volume followed by good bullish candle, if no heavy profit taking for the next few days, could it potentially close the 2 years gap? But it need to break 0.350 first. Exciting!
Still downtrend... next support at 0.215,
EP 0.215....
if support break... the support is 0.165
Good EP = 0.17-0.2
Worse case drop to base support at 0.13 if 0.165 support break
carefully trading... buy when oversold
