JFTECH trade ideas
JF TECHNOLOGY SDN BHD (9-FEB-2021)The retracement within the “flag” pattern is expected to end as the stock is now in the oversold region and is hovering around the same price zone after rebounding off 61.8% Fibonacci retracement which coincides with mid-line of BB (20-day SMA)
The stock as a solid chance to break out the flag pattern to continue its uptrend movement.
Next R/ TP:
• 1.965
• 2.09 (38.2% FE)
• 2.41 (ATH + 61.8% FE)
• 2.90 (100% FE)
Support:
• 1.59 (61.8% FR)
• 1.37 (78.6% FR)
Note: This trading idea is for educational purpose only and not to be construed as a buy call. The mantra of TAYOR and caveat emptor shall apply.
JFTECH - Pending for New DirectionJFTECH
Rst: 1.69
Spp: 1.60
Candle continued to emerge below critical support level at Fibo Ext 50%/ middle BB or 1.69, not yet consider to loss its control at middle BB, but do take note there’s risk of losing its momentum towards 1.48 if cannot hold the support here.
Time for cooling down and accelerate againJFTECH bonus issued recently, expecting 4x volume traded before bonus.
Expecting with lower volume coming days with sideway movement, RSI also showing the level of tendency of sideway movement.
Forecasting good/better coming Quarter report will tend to move up.
Orange hidden horizontal line is support/resistance.
Do position well, and TAYORA.
JFTECH All Time HighMy 1st trade into the Malaysian Market. As usual, all my charts look the same. Price has reached an All Time High. It is my favourite theme and only theme. It doesn't matter what market. Look at my other charts.
what is JFTECH next target price?JF Technology Berhad, which was incorporated on 29 April 1999, with the primary aim of servicing the manufacturing industry and also to handle trading of electronic products and components. It started off with its maiden product which was the Single Pin Cantilever Test Probe, and further continued into becoming an independent OEM manufacturer.
www.tradingview.com
next target Rm6.50
Before end of Jan ?
JFTECH- BREAKOUT FROM PENNANT WITH THE FIRM SUPPORT BASE.Breakout from pennant while supported on the very firm support !
JFTECH - BREAKOUT WITH HISTORICAL HIGHStrong breakout and now it is on the new historical high ! Momentum to continue
JFTECH - Pending Breakout JFTECH
Rst: 5.00
Spp: 4.80
Got its weaker formation being rejected today, meaning you can re-enter. For me, the stronger confirmation is when it breaks pennant formation (refer to chart).
JFtech (4HR) - ForecastPlease like and share if you agree with the analysis.
Hopefully it will be beneficial to any of you guys.
JFTECH - rallyin 2nd stage Note.
- New update soften Resistance line
- New update soften Support line.
Resistance AheadGood momentum found on JFTech, which has been in successful rally after the price plummeted on March. The share found resistance at Fibonacci 2.618 coincides Negative divergence found on MACD histogram on July and later successfully breached both flag and Symmetrical Triangle, hit Fibonacci level at 3.618. Our view is still bullish with both EMA10 and EMA50 still intact, however we found a negative divergence in MACD histogram on weekly timeframe. Hence, we put resistance 5.075 (Fibonacci 3.618) in focus. Significant close above this level signify continuation of the rally, however breaking the first uptrend fan line could be the a sign of Bearish move
Disclaimer the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
JFTECH - now in correctionNow it is in correction due to profit taking pressure.
Watch out if the confirmation level 4.50 is broken for further uptrend, else we will see at 4.00 support to enter.
JFTECH [27 October 2020] Buy On Dip in Support ZoneMYX:JFTECH
SWING: 2 DAYS TO 2 WEEKS
Breakout Downtrend Line
52 Weeks High Line
Fibbonaci Retracement
Candlestick Support & Resistant Zone
Trendline Support & Resistant
wil it drop to 4.3 Question you need to ask yourself :-
1) Is it UPTREND ? ema 20 > ema 50
2) Is it BULLISH ? price > ema 50
3) Is it STRONG BULL ? fift positive
If yes,
4) Where is your Support and Stop Loss ? 3.8
5) Where is your Entry Point ? wait til 4.3
6) What is the % risk (Stop Loss - Entry Point)/Entry Point 11%
7) Can you take this N% risk ? yes
8) you got a setup if yes.
9) TP1 5.2
Bullish Signal Shown in JFtechBreakout of rm4.09 ( cup and handle formation), likely to retest historical high in short term.
