The current point exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
Current price action seems to be lingering around upper border of trading range.
Along with the accompanied huge vol, i made an assumption that this might be an absorption
So position initiated today @ Phase D, Mark up within TR POE #2 :
Entry -1.950
Stop loss-1.900
Profit Taking (at least 2) -2.050
Pure Wyckoff Methode
Sector : plantation.Fundamentally sound company.Current QOQ and YOY shows higher sales and profit.Technically just forming shakeout of the base,which is a good sign to throw away weak holder.however,need to wait for upward breakout of the base with high volume to confirm setup.
KMLOONG - Up Momentum, Banker chip appear
Noted: For Interested to subscribe the VT MCDX Smart Money Plus, and pls contact owner
(Disclaimer: for demonstrate own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk)
1. Fundamentally KMLOONG is a good company.
2. Price strongly move upwards in both DTF & WTF.
3. EP area: 7/21MA OR 1.54 - 1.56
EP alternate: BO ATH (1.64)
SL area: RBS / 1.515
Sector: Plantation
Buy on Dip hit 1.5 resistance.
FiFT +ve
ATOM Buy
Monitor and Buy on pullback around 1.45 using lower time frame chart.
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BoB above 1.5 with volume (Risking 0.18)
SL below 1.32
KMLOONG, a profitable company. Recent buying volume triggered the chart movement towards Resistance at T1 with stoploss at / below S1. If price manages to break T1, next potential resistance is T2 and T3. Simple momentum strategy to follow the smart money.
