Resintech Bhd.
No trades
Trade ideas
industry stock fly RESINTC nice set up UPTREND
BOD stock , last time resistant at 0.51
Analysis
1. Uptrend – PASS
2. Fast / slow Turtle Buy Signal appear - PASS
3. FiFT +ve – PASS ( with BOB )
4. Near significant support- PASS ( FIBO, DOUBLE BOTTOM SUPPORT, EMA 50)
5. Price Above EMA 50 - PASS
Best BoD setup. RM 0.51 , wait at there to buy near to support
Bullish ContinuationBullish bias emerged above the symmetrical triangle pattern . As such, the stock may head north to test the next resistance of 0.60, followed by 0.645. Meanwhile, a reversal to below the triangle apex at 0.430 would negate this expectation.
Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only
RESINTC - ideas update!Note
- In previous close, it shows that the chart already meet a triangle effect, which allows the price action either going uptrend or downtrend
- If its goes uptrend, the entry should bring at price 0.40 ++. If its goes sideways, the entry should consider at 2 suggestion entry point (0.36 or 0.31).
- For intraday buyer, look closely monitor price action where SL point should be not lesser than 4%.
RESINTECH Just my opinion for the Resintech.
-Candle rebound MA20
-newly breakout 52 weeks
-pullback to RBS or previous high
-stochastic start to cross up
Good luck!
Target LONG area RBSMy aim for LONG at area RBS . With the help of fibo retracement, current price is within 0.236-0.382 and if it manage to maintaing within this range price will continue climbing the market
