Based on the chart, the price close higher with high volume. Not only that, the stochRSI are consolidating within oversold region which is between 6% to 31%. Moreover, the today's stochRSI has cross up the 20% level and there is more room before reaching overbought.
Have been 6 months since my last update. Off for fishing when market is not good.
Lately start to screen back and observed ECOWLD with healthy price and volume action. Stocks entered Stage 2 since March.
Disclaimer:
Information presented here is not intended to be used as the sole basis of any investment decisions nor should it be construed as advice designed...
MYX:ECOWLD is standing really strong around 0.825 area and looks to be well supported.
Targeting another wave up in this name.Target around 0.86 while stops are 0.785 for a 1.5:1 RR trade.
These are my views and analysis and is only used for educational purposes. I am not a financial advisor.
Nothing in the information posted here is intended to be or should...
This is not a buycall!
Seems like Continue Uptrend for MYX:ECOWLD
EP : 0755/0760
CL : 0730/0725
TP : 0795/0800 ( FIRST TP) will pullback after touch 0800
BD : 6/6/2023
Daily : Uptrend
Weekly : Uptrend
Waiting Period : 20 days.. kalau price x gerak.. cabut
maybe cup and handle chart.. TP RM 1
Downtrend to sideway ,and now it ready to breakout key zone 0.705 ~0.730 . And the support zone will be 0.620 -0.615. if the price going to test the resistance and breakout it will be become big uptrend . Pls hold tight enjoy the trend . Estimate profit 45% above .
Phase: Short accumulation complete. Likely early mark up.
Favourable risk to reward ratio if we can enter close to RM1.00.
The target price was calculated using point & figure chart.
To time a perfect rebound for trading, common technical analysis is not going to help much. Due to the signal is always late, causes our entry at the high price & price fall after that.
Common technical analysis often use average price & volume for indicator or price up with high volume , which the big boys often use this method to attract investors attention for...
Can try ECOWLD spotted rebounding from 52-week low in bullish flag formation and at Elliott Waves' ABC corrective zone. CL below 52-week low and TP at any of the fibo levels above.
Recent quarter report improving sales and profit.Price just break above horizontal line with high volume.
note : ive been posted the counter before this (13/9/2021) .A huge gain profit has been made.u can check it out.Hopefully this is the second oppurtunity.
Sign of Strength in the chart:
1. Reaccumulation / Reversal with Hidden Potential Buying
2. Green Pentagon with market stages in uptrend
Stock to Focus:
1. DAYANG
2. ECOWLD
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
MONITOR for 1 week.
last night berkira-kira nak masuk ke tak sebab ADR<3%.
nampaknya volattility low at that particular time because there's now buy and sell process.
the lower the ADR, means could be no supplier at Pivot point.
Extrapolate volume is number 1 for confirmation.
Make setup when have these policies:
1) extrapolate volume (than pocket pivot & 20MA line)
2) ADR = 4.274% > 3% =strong momentum
3) candle bullish
4) above 200EMA (blue color)
5) entry by refer to lower TF, as have upper wick
6) TP based on sign. Resistance zone
GOODLUCK TRADERS
TRADE AT YOUR OWN RISK
buy at the support will be recommended!!!
“Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.” — Albert Einstein
JUST MY OPINION!
NOT A FINANCIAL ADVISE!!
Point A: swing low at 0.620.
Point B: swing high and 52-week high at 1.250
Point C: bullish impulse pullback at 0.820 (also EMA100). Price is consolidating between EMA100 and daily pivot point 0.850, where in the middle of the price range is yearly pivot 0.850.
Current price at 0.860 is fibo618.
Probable EP: 0.850 to retest a yearly support.
Probable TP: 1.080...
Using Fibonacci Retracement (FIBO) chart, the price indicates a continuous price uptrend momentum from the support line.
MACD and OBV charts indicate an early sign of divergence signal.
Therefore, it is in a good position to buy since it is below-the-market order and waits for the next significant price movement. Hence minimum the exposure risk from buying at...
