This is Accumulation of Rising Bottom (#2 ) Supply drying up, Demand going in (Red Arrow) -it seems that absroption is on going -typical of Springboard in action Thus position initiated as attached Short swing Pure Wyckoff
Look like TAAN will go to reach RSI 17 sooner or later
15% down from present level and with regular dividends makes for compelling accumulation in November through January
3 consecutively quarter report increasing sales and profit.Currently forming VCP setup.Wait till price shoot up,break above horizontal line in high volume to confirm setup.
w3 breakout 52wk with volume low risk with channel upper BB waiting mid BB
Technical Analysis Price maintain above MA50 Small triangle is formed. MACD not yet buy signal. RSI is above 50 show some strength in the price. ADX is not yet buy signal. Trading plan: MYX:TAANN Buy price: 3.400 - 3.420 Cut loss price: 3.260 and below Cut loss percentage: below 5% Possible take profit: 4.270 Risk to reward: 5.31 Notes: The...
Strong company,having 4 quarter consecutively increasing sales and profits.Technically,just broke up pivot point of VCP saetup with high volume
TAANN break of pullback DTL, looking for higher R1 : 3.285 R2: 3.390 S: 3.105
1. TR Setup at daily. Touches MA, and Hammer CS formed at RBS. Broke the next day. 2. Weekly downtrend but just broke 200 EMA. 3. Crawls deeper to form RRR 1:4 (TBA). SL below RBS. 4. Bursa Marketplace rating 10. Kenanga Research TP 3.45 (11 Jan 2021)
Taann looks ready Close: 3.04 EP: 2.97 - 3.10 Sl: 2.76/2.67 TP: 3.15/3.32/ 3.43/open Disclaimer: This study does not constitutes Buy/Sell per say. Please consult your financial advisor before making any trading/investing decision.
Sector : Plantation. FiFT Turned +ve ATOM Neutral/Green Priceline. Need to break above 3 to expose 3.5 target SL elow 2.6 depend on your risk tolerant.
TAANN, profitable company, has broken short term downtrendline, while RSI is heading into the bullish region 50%. potential price will attempt R1 while RSI is above 50%. If price break above R1, there is potential to reach R2 with sustained momentum. take regular profits, preferably at 50% and 78% from target. If price failed to break R1, possible it will test...