DPS - Can it reach new high?Price is ranging in the box waiting for a big institutions to push price above or below.
Trade ideas
DPS ATR crossed the slow MA in MTFsCan try DPS where the ATR has crossed the slow MA in 15m, 30m, 1h, 4h and daily time frames. TP at recent swing high and CL at or below slow MA.
DPSweekly chart uptrending, with stochastic crossing on oversold region
on daily chart, keep the price on MA50 as support.
DPS is Defending its Breakaway GapMYX:DPS has developed a breakaway gap, If it can further defend the gap well & break past the RM0.14 mark, an upside is expected towards RM0.165/0.185.
Current price approaching support at EMA50.
Strong support at the base of the gap - RM0.120
DPS AnalysisDisclaimer: This is not a buy call but for learning purpose
Technical analysis
Price is above EMA 10 & EMA 20
Volume spike in December
Potential uptrend continuation
RSI & ZL-MACD is above the centerline
Trading idea
Entry price: 0.145
Cut loss: 0.130
TP1: 0.170
TP2: 0.190
TP3: 0.210
Identify The Pattern of Smart Money in DPSUnderstand how Smart Money works and pattern are important to increase your trading edge.
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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
