>> Price at bottom of Parallel Channel, possible rebound? Once broken the channel will look uglier.
>> 0.595 the nearest resistance.
>> OS counter, some traders like to trade bottom. On the contradict, I trade another way.
If you ask a trader - the question I will ask is this, assuming I do not have positions yet, and at this price point, will I buy in?
If the...
Recent Red Sea crisis might benefit logistic industry.
SWIFT seem entering stage 2 and testing it 0.570 support. 7% Risk.
Disclaimer:
Information presented here is not intended to be used as the sole basis of any investment decisions nor should it be construed as advice designed to meet the investment need of any investor. Trade at your own risk.
>> 1h and daily charts respectively at FVG area. Can it break above?
>> Need to be intact with Hull MA, if on daily time frame turn red, traders should be cautious that it may down further.
>> 545 ~ 535 area as next support level.
Any counter want to be discuss? Feel free to comments.
Disclaimer: Mentioned stocks are solely based on own opinions for education...
I usually start with a higher weekly timeframe to analyze the market structure & will only go into the Daily timeframe, or lower, if the weekly chart is interesting.
I am not expecting much action until the Resistance of 0.59 is broken.
As per title, it is now trading in a Consolidation phase after the sharp Down Trend from Apr 11th to Jun 13th last year.
Swift Houlage is a logistic company operates in Malaysia & Thailand. It became public listed in year 2021, the IPO price was at Rm1.03.
In my perspective, the management has fresh ideas in navigating the company to expand further. This could be seen when Swift has expanded its fleet by adding 50 prime movers last year, and is keen to be the first logistics player...
1. Price candle break out MA 200 on 20 July '23 give strong signal the price movement may change direction to bullish soon.
2. Price candle testing MA 200 from 21 Aug '23 to 1st Sept '23 to shake out weak retailers. Price candles break out MA 200 again on 4th Sept '23.
3. GC (Golden Cross) MA 50 & MA 20 happen on 22 Sept '23 give another strong signal the price is...
Comment :
1) DDX+ indicator - uptrend fund candlestick, overall inflow of fund
3) MCDX+ indicator - banker bar has increasing while retailer bar has disappeared
4) SWIFT broke out downtrend line on 21st Sept with large spike in volume. Looking forward SWIFT to reach our TP at 0.585 & 0.665
Support & Resistance :
R : 0.585 & 0.665
DISCLAIMER :
Analysis above...
SWIFT (5303): Listed on the Main Board; Transportation & Logistics, Container Logistics
Trade on the potential breakout from the accumulation phase by considering fundamental factors that could drive SWIFT's stock price.
Potential Points to Look Up:
1. ESG Initiatives Impact: Understand the financial and operational impact of SWIFT's green initiatives on its...
the price rebound from fibo 200% or 2.00 and it already moved up till 36%.
After that, it made PB and then rebounce again.
Usually price can move up until significant fibo of 1.5 and 1.618, but it depends on price action (price candlestick, volume, support and resistance)
Made a quick bucks with Swift today. Entered 0.955 and TP at 1.03. The volume is good but I don't want to take any risk during this uncertain market. But still in my watchlist for another round. Bankers chip presence is still significant.
