Trade ideas for Pos Malaysia for next week..
Price create diamond setup L-H-LL-HH-LL --- Reaction
Price in green Zone buying range.
Fake setup/manipulation setup R1 and R2
Wait for price action in buying zone esp at green line @ BRN 1.000 for best entry..
Happy Trading
TAYOR.
Following the collapse to ATL in Mar2020, POS has recently turned Bullish since early Dec. Current price is hesitating at resistance level at 1.18, however we noticed a significant breakout to the upside on 1 hour view. Our price target is at 1.66, however a strong bullish movement could potentially push the price higher to 2.365. On the slip side, a close below...
In the analysis of Fibonacci landscape, the most important level to monitor actually is the 50% line and yet it is the most overlooked one. Just like any sport game, the middle of the playing field normally is the first line of defense and an indication that which side is controlling the game. If it is trading above the middle line we could technically view it as...
Preparing to breakout cup and holder pattern with possible of +39% from neckline. This is the range during pre-covid times.
EP 1.15
TP 1.22 (+6%), 1.28 (+12%), 1.38 (+20%), 1.45 (+26% Cup depth)
SL 0.145 (-6%)
Speed: Fast with only 207M shares float (26% of 782M shares)
Sentiment: Economic recovery theme
Transportation is cyclical sector and its back in trend...
Disclaimer: This is not a buy call. Just an analysis from a newbie..
POS first major resistance is at the level 1.130.
Price tried to break the resistance several time.
The first time price tried to break was around May but failed. However, it tried again also in May and caused a false breakout to happen.
Price then retracted with low volume until 0.75 where...
MYX:POS
SWING: 2 DAYS TO 2 WEEKS
Breakout Downtrend Line
52 Weeks High Line
Fibbonaci Retracement
Candlestick Support & Resistant Zone
Trendline Support & Resistant
Please look at the chart comment for detail.
Current Opinion:
Intra-swing can buy with caution as most of bigger time frame still in selling zone.
Note:
Long Term- Holding for a yearly review (1 year up to 5 years or more)
Short Term- Holding for a monthly review(1 week up to a year or more)
Intra-swing - Holding for a weakly review(1day up to 12 weeks or more)
Assuming POS has reached its most bottom it is generating new cycle of bull. Wave 2 of new cycle still in formation and is expected to be in range of 0.78 t0 0.68 before forms Wave 3.
![POS: POS [26 November 2020] Buy On Dip in Support Zone](https://s3.tradingview.com/b/bnI4vHdJ_mid.png "POS [26 November 2020] Buy On Dip in Support Zone")
