BUY Support 0.53 CUTLOST 0.49 Resistance: 0.57/0.61 YBS International Berhad (formerly known as LNG Resources Berhad) was incorporated in Malaysia as a public limited company in year 2002 as an investment holding company and was officially listed on the MESDAQ Market of the Bursa Malaysia Securities Berhad in year 2003. YBS Group is majorly operated in high...
YBS candlestick indicates a strong uptrend pattern with volume support confirmed the price movement; a fishtail from Bollinger Band (BB). Beware of a price correction where the price will be pushed inside upper level BB. To place a bid, use VWAP as a guideline and place your bid below the VWAP line. Put YBS in your WL and watch out for price momentum with volume...
Anticipate the will be a downtrend if the price action unable to sustain. wait for T3 signal
Harmonic Butterfly Pattern matched TP1 at 127% after BO from point B. #scalping #Momentum MYX:YBS
Reinforced uptrend momentum monitored on this counter. Good market sentiment wit strong collection seen on price RM 0.33 Many retailers trapped at RM0.35, not sure if all retailer shaked out. Should most of the weak retailers shaked out, huge rally may happen anytime soon. watch closely for entry.
a simple cycle analysis on daily chart of minor trend taken from peak and trough of the market.
As you can see YBS has started to form an opening triangle pattern and twin tower candlestick pattern on the daily chart, the price might go up to RM 0.36 - 0.4 before going retest back down to trendline
YBS 1) Price still in wave 4 of 5 with ABC regular flat setup completed. 2) If price can break the 370 resistance, price may trend towards channel trendline between 430 to 450. 3) If price breakout from the channel, this may confirm that primary wave 5 has started. 4) If price failed to breakout from channel, it may go down to form WXY complex correction. 5)...
Case Study :- Fibo Strategy Wave Strategy The most of strongest Momentum wave - Golden Wave (impulse) Criteria : Minor wave 3 in 3rd impulse major Elliot Wave Strong Bullish Momentum volume unusual Steepness of a trend line increases from 45% to 70% deg Strong Break in bar retracement symmetry leading to a change in trend behavior Bullish gap up...
Looking to breakout from Handle!!! * same chart as Mclean. Both are having the same behaviour.
Will retraces till Fib Retracement golden Ratio 38.20% and reversal uptrend FIBONACCI GOLDEN RATIO % STRATEGY Fibonacci Retracement 38.20% - Minimum Corrective Wave 61.80% - Maximum Corrective Wave Fibonacci Extension 100.00% - Minimum Impulse Wave 161.80 % - Maximum Impulse Wave
Consolidate after surging of >100 % Price is support strongly and expect to move up more after the rest. TP 1.00
Notes -- With respect, YBS hasn't change a lot this week. Yet it manage to increase YTD up to 80% comparing with Yearly Performance 140%. Seem like a progressive increase towards this stock. -- By using Trendband, its show that the price movement already hits a new 52 weeks High, the green plot background also above the directional line (purple) and also above...