Several indicators within my algorithmic system are signaling a potential uptrend. These include:
- Increased volume: Activity is picking up, suggesting growing interest and potential momentum.
- Mid- to long-term uptrend: Both the 50-day and 150-day exponential moving averages are pointing upward, indicating a sustained positive trajectory.
These factors...
Nearby to Parallel Channel's area.
Possible for it to rebound @ 930 area?
>> Stochastic is OS.
>> Awaiting for trend reversal.
>> Wait Hull MA to turn green
Disclaimer :
Please be informed that all stocks pick are solely for education and discussion purpose; it is neither a trading advice nor an invitation to trade. For trading advice, please speak to your...
Topglove''s latest "quarterly" report "disappointed" again. Not just "investors", "traders" are "hardworking" individual as well who do check their positions not just "quarterly" but everyday beside reading on each stock's Intrinsic value, ROE, P/E, Forward Free Cash Flow, Profit Margin etc "quarterly" OR reading "market news" "once a while"...
Weekly chart looking for base. Still trade below Hull MA.
Monitor it for potential forming balance cup's body. It may take up to weeks / months. Potential gain over 50% for this big swing up.
Base on daily chart, it may pullback. Look for potential entry position.
See profit take profit, and always protect capital.
When a stock / index has gone up...
- Complete 5 impulsive waves for a long downtrend.
- Finally having some significant rebound with Volume Profile accumulated around the bottom.
- Currently probably on-going some retracement.
- Waiting for the MA50 and MA20 to be nicely set up.
- Having green bar upon a bad trading day seems like selling pressure is going off.
- Good point for accumulation...
The candlestick indicates a stronger rebound after the share price bounced back before reaching to S2 line. The result from continuous price rebound can be seen in accumulated volumes where it exceeded the MA20 line.
The MACD and RSI show a positive signal, supporting the price uptrend pattern.
Let's put TOPGLOV in WL and watch out for action in price closed...
By "breaching" 0.80 again and reached 0.725 as last post on 20/May/23. Market Maker finally "creating panic selling!". But checking from smaller/lower time frame chart. its price still have high probability reaching @ 0.71-0.70 +/- before multi years bottom formed!
The price candlestick pattern indicates a downtrend with lower trading volume and negative readings in RSI and MACD signals.
The S1 line will be a support price if the price is able to recover from the downtrend and pull back from the decline pattern.
R 0.945, 1.22
S 0.805, 0.685
Price action overall moving in uptrend making the higher high lower high structure .
Currently making the higher low with overboung at very low volume.
Lets watch for potential reversal towards higher high .
Topglove have been trending down for > 2 years. It will take some time to build ( a strong base/foundation) = which is a (a)(b)(c)(d)(e) (Red) Triangle before a big “rally”..
Topglove finally broke 0.80 @ 0.790 on last week as last idea. What is my "state" now? Fear? Greedy? or 1 of these :- 1) Pandemic is "game over" so as glove? 2) I "hope/wish" and waiting for it < 0.40++ as JP Morgarn's "target". << In trading don't ever wish/hope/or expect.. BUT only fact & figure >> 3) I'm still waiting for "exact" "perfect" setup 4) I'm not...
Following my 6 September post on this ticker, MYX:TOPGLOV has moved according to my prediction and is on track to reach the target. I have made some mistakes in estimating the target of RM2.30 earlier, but in this post, I have revised the target to around the RM2.00-RM1.80 region.
Good luck.
