first set the cut lost point before enter. I think the first resistant at 1.29 will break easily and going back to it fundamental value around 1.30-1.40.
1. Ascending triangle pattern can be seen
2. Price always bounce at the pattern support.
3. No abnormalities can be seen in volume, RSI and OBV.
4. Potential RR ratio is 2.5:1
EP 1.39/1.43
TP 1.54
SL 1.33
Backtest result from 2022-07-27 10:30:00
46 trades
83% win rate
p.s: not a financial advice
#deepagiscreener #tayor #bursa #bukanbuycall
Price Breakout downtrendline leaving fresh demand area 1.32-1.37.
TP1 area 1.48-1.52 confluence bearish engulfing zone
Lets monitor closely!
*Personal opinion trade at your own risk*
Sign of Weakness in the Chart:
1. Buying Climax with Up-Thrust
2. Potential Distribution
3. Failed Shakeout
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
The trend is your friend and the rainbow averages is your guardian angel. When the price is flying below it will induce further selling pressure and increase downward momentum to become a fallen angel. Not sure what is the headline news. Maybe the vaccine will be bottled and delivered directly from the originated countries to avoid complication as the vaccine is...
No confirmation/ buy signal at current price levels for all 11 counters (except for Pharmaniaga) YET. Price could be hesitating in range bound area for some period of time.
Disclaimer: Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment base on your own...
General market believes there are vaccine theme plays going on. One of the beneficiary company on this theme is Dpharma. But refer to the Dpharma chart, the stock is now going through and will continue to subject to correction. So there is no vaccine theme play yet at this moment.
Do not always believe what general public believes. Chart shows otherwise.
Suggest...
MYX:DPHARMA
SWING: 2 DAYS TO 2 WEEKS
Breakout Downtrend Line
52 Weeks High Line
Fibbonaci Retracement
Candlestick Support & Resistant Zone
Trendline Support & Resistant
MYX:DPHARMA
SWING: 2 DAYS TO 2 WEEKS
Breakout Downtrend Line
52 Weeks High Line
Fibbonaci Retracement
Candlestick Support & Resistant Zone
Trendline Support & Resistant
Bearish RSI divergence appeared. Might revisit trendline at fibo .236 level before rebounding higher. Possible low risk entry at trendline, buy on weakness.
![DPHARMA: DPHARMA -UPDATE [27 November 2020] Buy On Resistant Zone BO](https://s3.tradingview.com/j/j8chf00D_mid.png "DPHARMA -UPDATE [27 November 2020] Buy On Resistant Zone BO")
![DPHARMA: DPHARMA [16 November 2020] Buy On Dip in Support Zone](https://s3.tradingview.com/n/N5b9fCBf_mid.png "DPHARMA [16 November 2020] Buy On Dip in Support Zone")
