Notion - Monitor for Bearish Continuation or ReversalA counter that is recently linked to EV theme, recently it failed to break through twice the resistant at 995 hence forming the Double Top pattern.
A bearish continuation is confirmed if it drops to below the neckline support of 840. It needs to maintain above immediate support of 880 and crossed the the green EMA50 and red EMA20 line for a bullish breakout to reverse its overall downtrend movement.
Disclaimer: Trade at your own risk.
NOTION trade ideas
Notion: Ready for a triangle breakout very soon? Hello traders! Let's see how notion is doing on Friday.
The price closed above EMA 21. But We still don’t see a breakout of triangle.
Based on daily timeframe, the trend line (Light blue) of base triangle acts as the immediate support. We can clearly see the yellow line is the strong support.
While the purple line represents strong resistance.
I expect a breakout of triangle pattern and rally to purple line as soon as next week.
Have a great weekend!
Accumulation phase This is a relative strength analysis for this ticker and it has been moving sideways for about a couple months.
The Relative Strength ( Not RSI) analysis is used to compare this to the overall market , in this example it is the FBMKLCI. Institutions do not want to make it very obvious for the average guy of what they are buying and so they want to get the best average price as possible so they slowly spread out their buys.
A good way to see this is to look for a divergence of some form. In this case price action is sideways while the relative strength is trending up.
We are currently at the middle of this sideways channel which is an ok price but it would be better to wait for the lower part of the channel for when the institutions get one last liquidity grab before it moves up. Bottom of this channel would be a great value buy for the overall move, but playing the breakout of this channel would also be a good play if you do not want to be stuck in sideways movement.
NOTION trade idea 6/8/20Analyze notion target profit based on fibonacci extension
Notion as mask supplier in this covid situation and the implementation of mask wear rules giving this counter positive sentiment towards mask demand and positive sentiment to the Malaysian traders
This stock has been limit up for 2 days in a row and continue to hit the limit up today
Current target price level:
2.100
2.665
3.015
Overall this stock still in the bullish bias with positive volume
Mark your exit price for sell plan or set trailing stop based on lowest Q of the day
If you like this stock and profit, hit donate ;P
NOTION - What's Next ? Expect for Correction Before Long AgainOpportunity & Risk:
Green Arrow (Transparency = 0) = Representing Opportunity
Red Arrow (Transparency = 0) = Representing Risk
Green Arrow (Transparency = 30%) = Representing Alternate View for Opportunity, or less probable outcomes
Red Arrow (Transparency = 30%) = Representing Alternate View for Risk, or less probable outcomes
NO BUY CALLS OR INVESTMENT ADVISED ARE PROVIDED.
DISCLAIMER: This analysis is for educational and informational purposes only. It is based on my personal view in 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 your own risk and judgement. A trader could potentially lose all money. Only risk capital that can be lost without jeopardizing ones financial security of lifestyle. Please seek licensed professional guidance if you plan to invest your capital seriously.
PENAFIAN: Analysis ini hanyalah untuk tujuan pembelajaran & pendidikan sahaja dan bukan cadangan untuk membeli atau menjual stok atau apa jua jenis instrumen kewangan. Anda dinasihatkan untuk menghubungi remieser / dealer / bank pelaburan yang mempunyai lesen atau kelayakan yang sah untuk bertanyakan pendapat dan menguruskan pelaburan anda. Pelaburan dan perdagangan mempunyai risiko tinggi, dan ianya adalah Risiko Anda Sendiri.
Training 3/8/2020 - NOTION; PART 2Another counter I missed the EP at 0.885. A harshed reminder to put alarm on all my possible EP.
Any input @ feedback for me to improves in drawing the chart and writing down my trading plan is really appreciated. Btw, be nice please.. Thank you and have a great trading
Notion Vtec- Nice Gap Up - Undervalued As HellIt is such a nice thing to see an undervalued technology company finally make that big push, gap up on monthly level above that 90 cents and never going to look back.
Nothing is coincidence.
Apple gave strong earnings. TSM on tears, Nvidia on tears. Semiconductor on tears and therefore it will rise up everything else.
The bull market in Malaysia stocks are just started an at its beginning. All the large cap has start to rally, then it will go down and down to eventually even worthless penny stocks are going up.
But most people don't understand this and will never make money from the stock market. Because they don't ask critical questions, and be critical thinkers. Instead they are lazy. I don't really care about them.
Personally, I know more and more people started to ask me about the Malaysian stock market. I know we will reach bubble soon when someone who never talks to me for years suddenly call me and chat with me.
Don't reach out to me.
Regards.