1. Main TF is Daily TF 2. Entry TF is 15Min 3. Change 15Min to Heiken Ashi for a smoother plot easier to identify the market structure. 4. 15Min break market structure is the signal to go long.
1. Market consolidation phase. 2. Rising triangle pattern near the resistance area indicates buyers are willing to buy the share at a higher price. 3. There are 2 types of entry a. Entry now with small SL b. Entry after breakout the resistance above RM0.345 TP is subjective. Based on conservative PnF should be around RM0.73
1. Uptrend market structure 2. Break TL 3. Stochastic Oversold 4. Retest EMA200 TP 1 : 0.675 30% TP 2 : 0.780 50% Cutloss : 0.435 15%
1. Break TL 2. Price testing EMA200 3. Uptrend market structure.
1. RSI Bullish divergence 2. Spring phase 3. Near DTL
1. TL 2. RSI level 40 3. Fibo 61.8 4. EMA100 5. Palm oil almost hit the 2008 price.
Why Buy? 1. Price test EMA100 2. Retest fibo retracement 61.8% 3. RSI test 40 level (Mark Up area) after a drop on 11 Jan 2021. 4. This counter is supported by multiple big boys. Watch out for 1. RSI has tested 60 level multiple times (MarkDown area), if RSI close below level 40 there will be a chance for another spring down. 2. Recent quarter report not so good.
RSI testing level 40. Bullish Trendline. Catalyst : Gas shortage due to coming summer?
Completed all the accumulation phases. We see massive accumulation during spring formation. Now, this is an area for LPS. I will wait until stochastic is oversold below the previous dip Find the divergence in lower TF to be more complete.
Do similar patterns give similar results? Let's see how the price and RSI forming later.
1. Bearish divergence indicates the market weak. 2. Fibo Extension 161.8 shows previous major RBS around RM6 Lets see how the price action there.
Re-accumulation with CnH pattern. There are multiple TP target 1. PnF for accumulation 2. Fibo extension 3. CnH
Making loss company, however, the analyst said otherwise after a few recovery step taken by them. PnF target profit is 0.650 or 0.770 Fibo Extension 161.8 Currently, the price is at the LPS.
Monthly RSI reaches an extreme overbought level. Weekly and Daily has show bearish divergence. To be a healthy uptrend movement, i expect the price will go down to test 4000 level before moving up again.
HC industry recovery or just a small bearish correction? Price close above MA20. Monitor RSI level 40 for possible mark-up phase.
Daily : 1. RSI test level 40 (mark-up) 2. Price test previous resistance becomes support. 3. Stoch RSI oversold 15M 1. Bullish divergence