VCP SETUP SYMLIFELast 2 quarters showed improvement of EPS and improved YOY.Price still in range movement.Wait a break above the horizontal line with high volume
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About SYMPHONY LIFE BERHAD
Sector
Finance
Industry
Real Estate Development
CEO
Jit Pyng Chin
Website
symphonylife.my
Headquarters
Petaling Jaya
Employees
145
Founded
1964
ISIN
MYL1538OO007
Symphony Life Bhd. is an investment holding company, which engages in the property development and property investment business. It operates through the following segments: Property Development, Property Investment, Construction & Quarry Operations, and Other Operations. The Property Development segment focuses on property development, property management and maintenance, and property marketing consultancy. The Property Investment segment refers to property investment and property management and maintenance. The Construction & Quarry Operations segment deals with construction works, quarry operations, and reception of tribute income. The Other Operations segment comprises of other investments and investment holdings activities. The company was founded on July 15, 1964 and is headquartered in Petaling Jaya, Malaysia.
SYMLIFE...monitor breakout13 2 22
reason
-volume above average
-change of character
-divergence bull weekly
-diamond alert
Is it a Down Trend Pattern?Based on OBV oscillator, SYMLIFE showing a Divergence where it is moving in the opposite direction. Despite MACD showing positive momentum and price still above MA20.
If the body candle crosses over MA20. Then it confirm a Down Trend pattern.
R 0.605
S 0.570
Is it a beginning of long position?The chart shows an engulfing candle and mark of T0 with support of high volume. Will today the body candle cross up MA50? The probability of changes is high because MACD line is a cross-up signal line in the MACD chart.
R 0.600
S 0.550
(b) wave. 16% potential swing to upside. First of all this is not investment advice. Always trade with due diligence.
From Elliot Wave perspective, Symlife in corrective mode (a)(b)(c). (a) wave just completed and there was a breakout of downtrend line on 28th April as confirmation. (b) wave is now started and expected to move to a minim
SYMLIFE Re-entry BUY?Daily
1. RSI test level 50
2. Fibo retracement 61.8
3. Stoch RSI oversold.
15M
1. Bullish Divergence
SYMLIFE Technical AnalysisBroke out from Pennant!
Volume and banker chips looking good!
S: 0.745
Target based on length of flagpole: 0.86
See all ideas
This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then leap. Read more in the Terms of Use.
