The current point exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
This is based on weekly and daily analysis.
If you're buying, green zone is the TP
If you're selling, red zone is the TP
Monitor for price reaction at every zone, either the candle reaction in the zone want to breakout the zone, or the candle reaction want to test/pullback at the zone.
All the best.
The candlestick pattern indicates an accumulation phase where the price is within the trendline limit. A significant price movement effort is an attempt to price break out with the least result in volume compared to the previous trade. Where the volume doesn't exceed the MA line.
The MACD and RSI indicators indicate a positive pattern and align with significant...
1. Price getting lower and the EMA200 for now managed to held the support.
2. Bullish divergence in RSI
3. Bullish divergence in OBV
4. Potential play :
a) Wait for price to close the gap
b) Go long with 3:1 ratio or 5:1 ratio
#PTRANS (CASE STUDY BY STUDENTS)
Basic Swap zone
TP1: 1.32-1.35.
Invalidation level: 1.12.
Lets monitor closely!
*Personal opinion trade at your own risk*
The price gained momentum after crossing over the MA20 line backed by volume due to fresh buying interest on the stock. This will be the beginning of a price rally towards the next price resistance.
MACD and OBV indicate a divergence signal, thus, confirming the price momentum towards the next price resistance.
To place a bid, use VWAP as a guideline then place...
PTRANS i first traded during 27 Jun when the price breakout from VCP with contraction below:
C1: -9%
C2: -7%
C3: -3%
On 15 Jul, huge candle price range with volume trigger me to execute sell out. Got >12% reward through this trade.
I still keep monitoring the price/volume interaction after sell out. Recent volume development is good.
25,26,29 Aug indicate 3...
Base on weekly and monthly charts, it may reach the top.
Week chart : rejection is forming.
Not suitable to hold long.
If FIFO, look for better enter price.
There is no guarantee that price will fall / up tmr. It's all abt probability & sharing is purely on TA charting candlestick pattern only.
DYODD & TAYOR
Consider to study and monitor PTRANS' current chart which resembles that of a bullish bat harmonic pattern, where above Point D is deemed as the Potential Reversal Zone (PRZ). The probable EP is 0.605 to retest a 4htf pivot point. The probable TP could be at least 0.715, the same level as Point C and also a yearly pivot resistance. The probable CL is 0.545 below...
•whose core business encompasses 3 segments, namely: (i) integrated public transport terminals, (ii) public bus services, and (iii) petrol stations – stands to benefit from the relaxation of social restrictions and increased travel activities amid the upcoming holiday season.
• For 3QFY21, PTRANS reported a higher net profit of RM13.6m (+13.3% YoY) mainly...
Increasing QOQ and YOY sales and profits.Still in downtrend,however could be turnaround company if it makes a breakout of a base (box) with high volume and maintain above 200MA
Sign of Strength in the chart:
1. High volume reversal
2. Triple NS above 20/40ma
3. Green Pentagon
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
With significant price movement on a recent trade, PTRANS is showing a Breakout (BO) signal. MACD and OBV charts indicate a divergence signal. Therefore, high probability the price can hit the next resistance of 0.72. Put in your WL and watch out for significant price on upcoming trade.
R 0.720
S 0.660
