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.
Based on current perspective, it looks like BUEC in action
I initiated position based on POE #3 :
Entry @ 0.945
Stop loss @ 0.915
Take Profit @ 1.000
Pure Wyckoff Methode
Breakout Filter works in multiple time frame. For example, LIIHEN DTF filter 1 appeared. When we open at lower time frame, filter 3 appeared at M15, M30, H1, H2 and H4. When Filter3 appeared at multiple TF, it indicates a strong breakout signal.
Filter 3 closed at 0.86 (the strongest resistance, referring to Gann Chart). If the price breaks 0.86, it will be more...
Be aware of trap unless there is any significant impact move.
Disclaimer:
For discussion and sharing purpose only. NOT entry recommendation. Trade at your own risk.
#TAYOR
The Fed will increase rates indefinitely this year, which in turn will make USD stronger.
This furniture company has majority of its earnings in USD.
Fundamental: Good.
Technical:
Price has moved out of the recent downtrend line.
I've mapped out my interpretation of the Wyckoff phases in play. Currently looks to be in accumulation again.
The most recent...
1. Weekly in uptrend EMA 10>EMA30>EMA 200. Starting to make a reversal at 0.618 level.
2. H4 seems like the corrective wave has finished and start to make Wave 1 then Wave 2. Down trendline has also broken. Reversal at 0.382 level with hammer formed then broke. Price action above EMA 200.
3. Bursa Marketplace rating 10 (Fund 10, Value 10, PE 9) CTP RM4.96, Isaham...
Liihen broke short term down trend - parabolic SAR is below close price of 24/12
This indicates the price is moving on an uptrend. The ema 5 line is also on the way of crossing up the ema 20 line. Furthermore, the macd line is crossing up the signal line.
There has been significant price action 3 days building up to the breakout on 24/12
All this, are favorable...
MYX:LIIHEN
SWING: 2 DAYS TO 2 WEEKS
Breakout Downtrend Line
52 Weeks High Line
Fibbonaci Retracement
Candlestick Support & Resistant Zone
Trendline Support & Resistant
(7089) LIIHEN
- Uptrend moving stocks.
- Recent price action goes for higher high higher low movement.
- Keep the Benchmark Neck in check at RM3.86.
- A breakdown below this benchmark neck = execute trailing profit take.
- While as the price action goes higher high, keep your Desired Target Profit Zone in check.
![LIIHEN: LIIHEN [2 November 2020] Buy On Dip in Support Zone](https://s3.tradingview.com/z/ZvalJDjq_mid.png "LIIHEN [2 November 2020] Buy On Dip in Support Zone")
