Based on our wave analysis, the consolidation in KGB for the past 4 months might be an attempt to form a contracting triangle to complete wave iv correction. Diminished volume and decreasing volatility during the pattern formation following wave iii rally might further support this wave count. Triangles are unique in Elliot's wave principle in the sense that it...
Uptrend, Bullish and Strong Bull.
Fast Turtle BoD star confirming nice Bullish engulfing candlestick pattern bouncing from EMA50 and Oversold region.
3.7x Volume ratio with upward momentum.
ATOM still neutral. Expect ATOM to trigger buy if price break above 1.7
Need to stay above 1.7 to expose 1.9 Resistance (TP1)
0 Retailer %, Banker volume 61% and...
The stock has demonstrated strong support at MA200 as we can observe the recent flush below this level are quick being brought back. If confirm break below MA200 cut loss. The strong spike depends on it can push above Fibo Ext first tier hurdle at 1.28 or not.
Break out with volume. But hot money not much. Ikan bilis playing only.
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STOCHASTIC CROSS UP
TURTLE EMA UP TREND
VOLATILITY CONTRACTION PATTERN
BREAKOUT TREND LINE
SL: 1.06 BELOW
TP: LIMIT UP IS THE LIMIT
RECENTLY MALAYSIA MARKET ARE WAY TOO CRAZY
USE FIBONACCI TO ESTIMATE TP
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Opportunity and Risk
DISCLAIMER: This technical analysis is for educational and informational purposes only. It is based on my personal view of the market from a technical standpoint. None of information posted in this page can be used as investment decisions except for educational purpose only. Do not trade solely on the information posted in this page. Trade at...
The counter has suffered a setback with closing price of 4% lower than highest price acheived on that day.
However it seems that buying interest quickly recovered may be due to technical rebound the day after. Today, the buying interest seems to continue and is indicated by the MACD line. If price maintains above RM1.00 and buying volume incoming, we may predict...