Killer wave c is in progress.
Better take profit and wait for C wave complete.
Short position from 5.25 wave C ending point will be 1.20 to 1.00.
Brace your self.
Watch the video to see why 2023 will be a recovering tech stock for bursa Malaysia.
How to view the guidance via chart ( Refer back to pin message guidance if to trade )
Red Line = Support
Blue Line = Resistance
Light Blue = bullish/bearish pattern
Arrow = Double/Trip top/bottom
Red Chip = $$
Green Chip = XX
Just simple idea
in small time frame, try hard tp make HH
have to break previos HH and HL
for study purpose
but still can be in ur WL
find the best entry
potential 50-50
TAYOR
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...
BUY
- under 6.00 with a stoploss when it breaks the lower trendline
- average up if it breaks 6.10 and 6.25 with increasing volume
SELL
- there are multiple resistance from the previous bull cycle since last year
- nail some profits if it can't break the resistance
RATIONALE
- the recent sell-downs were because of the possible hike rate and overvaluation...
Too good to ignore Pentamaster's trend chart. High chance that it will bounce back at the support level as indicated. Pentamaster has always been a good growth stock and long term play for this stock will give you guaranteed profit.
Candle start to test the short term EMA on the weekly candles, may go further down if it breaks key level of support at 5.65 . If resistance at 5.65 broke.
It is retracing from overbought region and weekly MACD about to form a dead cross with driving histogram towards negative territory and hence price is likely to head south.
Further supports at :
Support...
Penta is developing volatility contraction pattern for almost 3 months with contraction % below:
C1: ~18%
C2: ~8%
C3: ~5%
C4: ~4%
Breakout happened yesterday with strong volume.
Immediate support at RM4.90 with ~6% risk.
Disclaimer:
For technical analysis sharing purpose. Please seek advice from your financial planner if you would like to get any stock recommendation.
