Looks like another continuation pattern forming. Flag pattern forming DMI : ADX >20 Strong bullish trend MACD : Strong buy consideration
MYX:JHM SWING: 2 DAYS TO 2 WEEKS Breakout Downtrend Line 52 Weeks High Line Fibbonaci Retracement Candlestick Support & Resistant Zone Trendline Support & Resistant
Today 11/11/20, MYX:JHM manage to breakout from ascending triangle. Would it be able to test new high 2.23?
Undergoing 3rd cycle. 1st TP: 2.05 2nd TP: 2.24 Cut loss: 1.52
JHM Rst: 1.89/ 2.15 Spp: 1.72 1.72 again proven as solid support. Friday bullish Marubozu candle neutralised Thursday bearish engulfing formation, this is very strong bullish signal, and with the support of rising indicators, breakout from Fibo first tier hurdle at 1.89 is imminent. More to come.
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mcm ada lg upside. tp company mcm tak making profit? tayor
The bullish engulfing pattern candle had been closed above the trend line and it is supported by higher volume than before. Moreover, it is appeared after a higher high and higher low with an increasing momentum. In the fundamental view, JHM Consoidation Berhad are having about 60% of business in LED for automotive business. With the rebound in car sales, the...
BREAKOUT STILL FRESH. BUT IT RETRACED BACK TO CONSOLIDATION BASED. WILL GO HIGHER SOON. GOOD FA AND TA STOCK.
- head and shoulder - side way range - buy on break at 1.77 - near to EMA 50 - stop loss 1.6 below - TP 2, 2.20
this stock i have no 100% but also can consider a good investment target
Fast Turtle Buy 1.61 Volume relatively higher FiFT +ve ATOM Buy. Strong Resistance @ 1.78 Can JHM breaks 1.78 this time ? Looking at higher timeframe chart (Weekly & Monthly). Apparently, we are seeing huge volume build up (500Mil) in last 2 months and traded above average volume. With this kind of volume, high chances will break 1.78 resistance.....
Seems like forming a descending triangle pattern. High potential of breakout and go higher. Currently sitting on a major resistance turn support line. EP: 1.50-1.52 TP: 1.65-1.75 CL: 1.30
Disclaimer : This analysis is not meant for buy call, but personal trading idea log for reference. Analysis is based on trendline and channel. Confirmation on our long position are based on RSI , Stoch , MACD and MCDX (indicator by @kgiap123). JHM continuing it uptrend after break the previous trendline on 29 May and 12 June, and this is confirms by the...