if we see from the chart, we can see the continuation chart pattern which is " Bullish Pennant ", the risk to reward ratio is quite significant. Pestech itself have a good in term of fundamental business.
Breakout with high volume , can see bargain happening today with the buyer stronger... If could get through resistance 1.29, 1. 40 is nest TP, SL 1.12 This is my own view and idea for educational and sharing purposes. Not a buy nor sell call.
PESTECH has developed VCP setup with 3 contraction below: C1: ~25% C2: ~10% C3: ~6% Friday 9 April attempt to attack and close with fairy guide candle. Lets monitor this week! Might attack again. Disclaimer: The content provided is my personal experience sharing through technical and fundamental analysis point of view. The content can only be used for...
For educational purpose only. Not a buy call. Trade at your own risk.
Earlier we have an entry signal for this, reach the TP and successfully close it, now it fall on the support line where selling pressure is low. Price action and volume , showing buyers' power increase. Risk reward ratio = 1.38 TP = RM1.40 / +20% or more CL = RM1.03 Like my works? Please hit the Like, Follow and Share or tip a coin :) Thanks! ...
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...
MYX:PESTECH INVERSE HEAD AND SHOULDER TURTLE PRO: UPTREND + BUY ON BREAKOUT FiFT +VE MCDX+ BANKER 55% ATOM BUY
1. Pestech adalah kaunter dari sektor industrial product 2. Company yang menguruskan bahagian engineering, procurement, manufacturing, construction dan commissioning power substation dab transmission dalam Malaysia dan oversea 3. Masih dalan tekanan jualan, tunggu reversal candle yang baik untuk masuk 4. Masih berada diatas MA50 5. BUKANBUYCALL
I will wait until it close the gap and see if it can stay above RM1.25. Otherwise chart in D/H/15 TF looks ok to me.
1. Pestech weekly in Wave 4 with a reversal expected at 0.618 (slightly lower as previous Wave 2 at slightly lower 0.382). Downtrend line broken with a strong bullish candle. EMA 10>EMA30 and slightly above EMA 200. 2. H4 price action above EMA 200, doji formed followed with a bullish candle as a signal of reversal. 3. From isaham profit and revenue increased, PE...
Entry Strategy: 1) Wait for retracement - entry at the marked zone red circle. 2) Wait further to break the zone then entry at the orange dotted line. 2) Wait further to break the zone then entry at the next red marked zone circle. Chart: 1) Mar 20 and Nov 20 price acts as strong support. Start to bull once reach that level. 2) Nov 20 start forming up higher...
Objective price for Pestech based on P&F punya calculation is Rm 1.41.
Pestech has reacted at resistance zone marked as R1, retraced 62% of the movement to the upside from Nov 2020 to form an inverse Head and Shoulder pattern before continues the movement to the upside. Technical markings posted on Dec 2 are still intact. Link:
Price sideway in between upper and lower channels. Wait for next new high or low to identify entry point. For now just put in WL.