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.
- Retrace untul the volume profile and turn upwards (Valid Support)
- MA20 & MA50 act as support within the same area
- Counter with fundamental support
Disclaimer:
For discussion and sharing purpose only. NOT entry recommendation. Trade at your own risk.
#TAYOR
VCP pattern spotted.On the latest contraction,as you can see,price had gap up after very positive latest QR announcement.Wait for price correction or wait for breakout of the rectangle.
SURIA CAPITAL HOLDINGS BERHAD
Symbol & Code : SURIA (6521)
Board : MAIN
Shariah : Compliant
Sector : Transportation & Logistics
• Weekly: Price has made double bottom and starts rising above 20ma. Last candle has long lower tail.
• Daily : 50ma support. I’m waiting for a small island reversal to close the gap down
• EP: 0.9-1.05
TA
As we can see price still unable to break TL resistant and keep pushing down to make lower low . So looking buying opportunities at area demand , wait for reversal or bullish structure form at lower TF .
FA
P/E = 6.94 (below 15 can consider under value)
DY : 5.29
QR : 10.5 M (still +ve event it goes down)
AR : 10.5 M (still +ve event it goes down)
Trade ideas for this counter.
From weekly chart, inside bar formed and price retest this B/O area.
From daily chart, there is one more inside bar which also can be use as entry point which is better reward vs risk. Plus the area still fresh without retest.
SL if price break below of weekly mother candle inside bar.
