Volume started to spike from time to time. Have been sideway for a long time. Time is ripe for reevaluation of prices as company started to show profit after many years of losses. Won some project tenders.
Looking forward to upward trend.
Buy signal triggered based on MRV1 setup at RM0.115;
20% target at RM0.025; stop loss at RM0.015;
2-3 months due to the signal based on the daily timeframe. It might take longer due to PRIVA's prolonged flat-ranging movement over a multiyear period.
**Only for discussion purposes. This is not a buy-sell call.
Sign of Strength in the chart:
1. Volume increasing for past few candles
2. Bullish candles
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Consider to study and monitor PRIVA where the current price has retraced to fibo786 as per Elliott's wave 1 and wave 5 and retesting C in the corrective ABC zone. On bat harmonic formation, price has cross up at fibo886. The potential trade plan is depicted in the chart.
Priva has already peaked its Wave 1 and retracing in Wave 2. Elliot Wave based o n Fibo Extension is predicting that t will reach between 0.110 to 0.120 before rebound to Wave 3 which maybe reaching 0.355 maximum
After the price break the trendline with high volume, it has retrace to it support. Mostlikely it will continue to climb up and start the bullish trend.
Is it possible to drop first before continue up? If the trend line broken ? Better monitor first.
The Company's segments include Information Technology (IT), Information and Communications Technology (ICT) and Satellite-based network services (SAT). The Information Technology segment consists of IT infrastructure outsourcing, consultancy and systems integration,...
As you can see from the price chart, it form a spinning top candlestick pattern on 28th July, near the support line at RM 0.205, which means bearish momentum is slackening and we should expect a reversal in 2-3 day duration or maybe sooner. Good Luck!
** FOR EDUCATIONAL PURPOSES***
#Priva just completed triangle pattern in minor 4 in major 3 as per EW requirement. Currently sitting pretty after re-bound from EMA 50.
catalyst :
Privasia bags RM46.5 mil contracts from Westports for IT network and management
theedgemar :
July 16, 2021 20:19 pm +08
Resistance (R) : 0.25
Support (S) : 0.23
Entry Price (EP) : 0.245 With strong buy of 5 Market Depth (5MD)
Target Price (TP) : 0.26
Stop Loss (SL) : 0.215';
Priva had started to built cup & handle chart pattern on 23 June and I anticipate that it had completed the pattern on 14 July after a breakout candle spotted.
Currently:
1) Macd had made a cross on 6 July.
2) EMA&MA crossover came on 12 July.
3) Breakout candle from Handle formation spotted on 14 July.
4) Currently closed at above of MA20 line.
I anticipate that...
MYX:PRIVA Refer to the EPRAF indicator, a beautiful line arrangement has been seen. The arrangement of the lines according to the “Harga Paling Murah Orang Beli” formula (green, purple, red, orange and blue) plus the very attractive EPRAF Support 1 and EPRAF Support 2 is a sign that the price of PRIVA will rise higher today.
