The 'Cup & Handle' pattern is almost formed, After performing "Retracement" about 50% inside "Ushape" Price rising & falling accompanied by high "Volume" are forming a 'Handle'
The share dipped to 0.155, sharply at Fibonacci sell target after the ex date of Right issue. The price however bounce off from this level and closed at 0.185 this week. Our technical marking earlier are still intact. Nearest support is seen at 0.155.
WZSATU Theme: Construction Rst: 0.235 Spp: 0.205 The long tail candle emerged on 17-Mar followed by few days of pressure, shall have eliminated the weak players. This also tested MA200 as solid support, pushing the stock back above descending trendline as well.
good pattern with good vol price accumulate at support and retracement for a bit
Breached valid DTL on weekly chart. Our target is at 0.41 and if the rally continues, next target is at 0.995. Price movement below support at 0.18 could push the price lower. Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
MYX:WZSATU Breakout Downtrend Line 52 Weeks High Line Fibbonaci Retracement Candlestick Support & Resistant Zone Trendline Support & Resistant
1. Buy on support and sell on resistance 2. Ready if breakout on resistance
Breakout should follow by higher volume.
On technical chart, looks like this counter is about to start a new uptrend but still a weak one. But we don't know what will really happen in the future. This is my first project for long term investment and also my first project for 100% profit. Here is my trading plan : Support : 0.200 EP : nearest to 0.200 CL : if breaks 0.185 TP : if breaks trend...
EP =0.205/0.2 CL = below 0.195 TP1 =0.225 TP2 =0.25 Setup: -Stoch RSI crossed up in oversold area -ma20 going to cross ma50 -once ma20 crossed ma50, hold for swing BAYOR
TA Price already break TL and nearest LH .It is also align with LS area. So if price able to maintain above LS area it will continue the journey towards TP. Else price will be looking to test demand area before continue the journey. Wait for reversal candle or bullish structure form before enter market. FA ( not good , so prefer for short term trading style to...
My top down analysis. From weekly chart, price failed to break weekly trendline and rejected from here. However, price breakout weekly resistant and swap base formed. So i am expect price start to reverse here and going down until my target zone. .
Buy signal sudah jelas sekali. Mungkin masih sempat untuk dikaji dengan baik2. (Credit to TCT indicator)
the price already form cup and handle pattern and already broke the resistant 0.225 and high volume (showing a good sign in breakout) with current price hold in ema 200 and cross, the market most probably will try to touch the 1st resistant before going even higher. In fibo, the higher TP will be 0.330. for safe TP: 0.270 CL: 0.215