The support level is around RM0.295, but a safer stop loss would be RM 0.285 to avoid getting stopped out prematurely
The resistance level is around RM 0.350, followed by RM0.410, but the target price is set to RM0.390 to ensure a 1:2 risk/reward ratio
The holding period is estimated to be 2-3 months based on the daily chart signal
Be careful as this is a...
Pros:
-short uptrend market
-accumulation days>distribution days
-low risk entry
-big volume on accumulation days
Cons:
-financial (eps&revenue) not good
-price a bit volatile from my perspective
-below 200MA and 2x fake BO
Can try to take a long position of WONG which has been spotted to have reversed its volatility in daily time-frame at Elliott's Waves' ABC corrective zone which has completed the 5 patterns.
Will it goes to Impulse Wave 5 after this, wait for completion of Triangle Correction first (ABCDE). S1:0.62 R1:0.82. 52w H/L 0.986/0.286
Wong engaged in the manufacturing of stamped and turned metal parts and components, welded frame structure, related modules, and systems as well as trading, marketing, and retailing of industrial and consumer products. The...
RSI indicates a divergence signal although the candlestick shows a sideway pattern without forming any distinct price trends over some period of time due to the accumulation of the stock by the operator.
MACD and OBV indicate an early sign of divergence signal. Hence probability it is a good position to bid before significant price movement towards the MA20...
RSI and OBV indicate a divergence signal and confirm the price momentum to the next resistance price level.
The MA20 line already crosses over the MA50 line which indicates a probability of a strong uptrend pattern.
Let save WONG in WL and watch out for significant price movement with volume supporting the price momentum.
R 0.710
S 0.610
From the OBV chart, WONG is in a strong uptrend state where volume is in uptrend momentum with the price is already above the MA50 line. Which has the potential for an uptrend towards the peak price.
MACD chart is in a positive state and confirmed the uptrend.
Let put WONG in WL and watch out for significant price movement
To place a bid, use VWAP as a...
Referring to the EPRAF indicator in TF 1 Week, the green line has started to bend upwards as if to intercept the purple line. This is an early sign of a change in price movement before the uptrend phase begins. Let us witness the resurrection of WONG.
A significant price movement on recent trade makes the candlestick body in a reversal signal.
MACD and OBV charts indicate a divergence signal with a high probability of an uptrend pattern.
The weekly timeframe also indicates a positive uptrend momentum.
Let put WONG in WL and watch out for price movement crosses up the MA20 line which indicates a strong...
A significant price movement with volume above MA20 from recent trade indicates a price breakout signal. MACD and OBV charts indicate a divergence signal hence a high probability at the beginning of the uptrend pattern. Using Bollinger Band (BB) chart, the price candlestick closed above the BB upper level. The price weekly timeframe indicates a positive uptrend...
1. Breakout from the neckline @ 1.040
2. Bacaan momentum looks good
3. RSI: > 50
4. Stoch: menghampiri overbought area
Disclaimer
Any information contained in this page should be considered as general information, research and learning only. I am not responsible for any actions and decisions made based on the information from this page. Thank you
