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Spring Art Holdings BhdSpring Art Holdings BhdSpring Art Holdings Bhd

Spring Art Holdings Bhd

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SPRING trade ideas

SPRINGGG. BREAKOUT WITH HIGH VOLUME. MARKUP PHASE?Today breakout with high volume. Overall uptrend and gonna make HH. Will close the previous gap? TYOR! DYOR!! Disclaimer: Any reference to a specific trading strategy is only to assist in learning, and shall NEVER be relied upon when making future investment decisions. Risk Disclosure: ayamsumsum will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts, screeners and analysis. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
MYX:SPRINGLong
by ayamsumsum
SPRING (Consumer) - ideas updateNote. PROs fact! - Few positive idea to indicates this stock. 1) All price movement is in green zone (EMA8, EMA21). 2) All price movement is above directional line (black, EMA100). 3) All price movement line is above Long EMA (red, EMA200). 4) Volume is above Volume MA (30 days) CONs! 1) Bursa Consumer Index is below EMA 200. But has a progressively increase by 20% in last swing. Predict# - Base on above analysis, I assume that in next session will be undergoing some correctional move. Since that, price breakout higher on date Feb, 8th which it will be another breakout at 52 week high. - Do suggest entry in between Resistance & Soft Support as in Eli-Wave plot (A) & (C). TP point should be at plot (C).
MYX:SPRINGLong
by Glem
SPRING ART HOLDINGS BERHAD (20-DECEMBER-2020)The short-term trend has been on down-selling pressure since early December, nevertheless based on the green kumo cloud, the future trend still looks bullish. Despite the price violated below 20-day EMA, it managed to close at 38.2% FR and briefly above the 50-day EMA. A hammer Japanese candlestick indicates the price is rejecting to go lower and sends a signal of reversal pattern, coupled with the stochastic indicator is impending to crossover above the oversold area. EP: 0.365 (penetrating above 20-day EMA and previous candle) Next R/ TP: • 0.375 • 0.385 (38.2% FE and ATH) Support: • 0.335 • 0.325 (50-day EMA and 50% FR) Note: This trading idea is for educational purpose only and not to be construed as a buy call. The mantra of TAYOR and caveat emptor shall apply.
MYX:SPRINGShort
by Hassan_Abdullah
Spring art, art of spring Furniture producer spring art, newly listed company since end of 2019. While newly listed means a new uncharted territory, Spring have so far shown a nice months of accumulation period between 175-255. There is a clear broadening triangle pattern depicting the accumulation process. Assuming 275 is the creek, i have made the PnF TP calculation PnF= 0.005x3x25 = 0.375 TP~~ 0.18 + 0.375 = 0.555 TP2~ 0.225+0.375 = 0.60 Ready for a markup phase, Spring has formed the Wave 1 EW. Wave 1 peak right at the resistance by Gann fan 1/1 and retrace at RBS line of the broadening triangle trend line. Do note that it has made a spring up till 0.5/0.618 Fibo retracement before resting at current 0.38fibo area. Using the informations we have made the Elliot wave projection up till potential TP. Given that this is uncharted territory with less historical data, it is good that it retrace and forming a strong significant support like it does now at Wave 2 EW before continue the remaining EW. All the lines in the chart is the immediate resistance/support areas. Volume profile wise, we cannot see a clear distribution in play yet. Plan this trade with tight loss given that below this support, the region 340-290 has a thin volume profile which mean, price will move fast in any direction within this region.
MYX:SPRINGLong
by tradebrewer
<TradeVSA> Shakeout Completed in Spring ArtStrength Signal in the Chart: 1. Mark-up stage with Pullback - High volume upbar - No confirmation on UT bar 2. No Supply (NS) signal at Support - Less seller / Successful removal of seller 3. Re-accumulation with Shakeout - Shakeout support successfully tested Hit the "LIKE" button to support us :) 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
MYX:SPRINGLong
by MartinTFWong