Price just arrived at dynamic support MA50 and i anticipate that it will rebound soon as today it rejects MA50. TAYOR.
Price seems arrive at support level and buyers are getting in. I expect bull going to continue.
The Star ( major media/ newspapers group ) in Malaysia have a new major shareholder from TheEdge Group.
- Continuous accumulation by MCA and disposal by ASB since August 2022 according to news. - Unusual volume upon breakout of the based. - Forming C&H alike pattern. - Seeking around the end of accumulation phase as volume is decreasing on the handle (May refer to Weekly chart) - Volume profile as support within the base. Disclaimer: For discussion and sharing...
Support: 0.34/0.31 | Resistance: 0.37/0.4 Name % Shares Position CHG Value AMSEC Nominees (Tempatan) Sdn. Bhd. Malaysian Chinese Association 43.23 313,315,760 - 111.23M AmanahRaya Trustees Berhad Amanah Saham Bumiputera 7.65 55,426,000 -14,480,000 19.68M AmanahRaya Trustees Berhad Amanah Saham Bumiputera 3 - Didik 1.75 12,663,200 - 4.50M AllianceGroup Nominees...
Making loss company, however, the analyst said otherwise after a few recovery step taken by them. PnF target profit is 0.650 or 0.770 Fibo Extension 161.8 Currently, the price is at the LPS.
STAR Theme: Media Rst: 0.44 Spp: 0.41 As highlighted this afternoon, the stock has second candle tested Fibo Ext first tier/ 0.41 as good support now, softening indicators shall have limited downside effect at the moment. Likely to follow with trend continuation soon.
STAR Theme: Media Rst: 0.455 Spp: 0.44 Candlestick done on Thu & Fri is signal of rejection to Wed bearish Marubozu candle, trend remains intact and as long the stock manages to keep its pace above middle BB, there will be further upside being unlocked towards 0.50 - 0.575 area.
STAR Theme: Media Rst: 0.455 Spp: 0.41 Tweezer bottom formation emerged from Fibo Ext first tier new support/ 0.41, likely to see a bit fluctuation below this new support before the stock can continue to rally.
STAR crossed EMA200 with solid volume yesterday. If price opens above 0.405 today, the price potential to go up. 30 min looks good to go up.
Strength in the chart: 1. Reversal with volume 2. Green pentagon with Line Change 3. No confirmation on Up-Thrust 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