Buy after retracement with stop loss below weekly swing point
Risk and Reward is not accepted as the breakeven areas is huge. Can study as case reference
Pecca, an automotive upholstory company turned to ppe making company. Automotive product is already a strandard , with the epidemic has succeeded in creating a new income stream. After a lacklustre finish to previous quarter a selling climax is seen with another composite operator taking over as price became attractive. A reaccumulation ensues and later a reversal...
From the Fibonacci chart, PECCA already rebounce hence showing an uptrend pattern. Where the price movement in the overall direction is upward. If the price hit above MA20 then it will be in a long trade position. R 3.315 S 2.810
Disclaimer : This is for learning purpose, no recommendation of buy/sell Pecca completed the uptrend and is now on the downtrend. Stocks price crossunder moving average 20 (MA20) and has dropped more than 15%. During the drop, there was potential chip accumlation as indicated in Chips Masters. The candles are now at the vicinity of -15% of MA20. There were stop...
Resistance 1 : 4.73 Support 1 : 4.02 Support 2 : 3.10
Spot on parabolic style pattern and some PVA for Pecca . Tayor
PECCA Theme: Automobile parts Rst: 4.38 Spp: 3.98 Serious RSI bearish divergence signal plus the stock have arrived end of Fibo Ext spectrum at 4.38 (previous projection is adjusted), consider as the end of bullish cycle now, looming for sharp retracement soon.
NO INVESTMENT ADVICE IS PROVIDED DISCLAIMER Please consider your own interpretation of Opportunity & Risk. The author of this post strictly follows the Malaysian Security Commission ( SC ) Guidelines on the prohibition of Investment Advice by unlicensed parties. Any examples shall use historical charts without any recommendations and not to cause inducement to...
uptrend testing it now wait the fast turtle to form at 1.475 BOB 1.72 sl 1.70 tp 1.85
Currently testing resistance 1.65, would it able to break it ? RSI shows uptrend, with MACD signals a momentum. EP 1.66 TP 1.77 (+7%), 1.88 (+13%), 1.95 (+17%), 2.04 (Triangle opening +22%) SL 1.54 (-7%) Speed: Fast with 22M shares float (12% of 188M shares) Sentimen: Economic recovery TAYOR
MYX:PECCA SWING: 2 DAYS TO 2 WEEKS Breakout Downtrend Line 52 Weeks High Line Fibbonaci Retracement Candlestick Support & Resistant Zone Trendline Support & Resistant
uptrend hiden divergent testing it now wait the fast turtle to form at 1.475 BOD 1.47 sl 1.35 tp 1.61
HHHL Y1<Y2 + got power up X2 is flatter than X1 = retrace to zone 1 strong pattern A has form at support WHOG@2 = strong support & upward strength TP @ 1.775 SL @ 1.320
Break out trendline. Facemask and auto theme.