JayJJ

JayJJ

Seems abit weak with upcoming holidays, looking at some profit taking activities

JayJJ Updated 

We reached the previous breakdown price and with the increase in volume signifies that there are some distribution across 220-210. At this level, we are looking at a fairly low risk trade with the potential for swing trade down. I will be SELLING at 2 levels. First SELL position: 211-208 Second SELL position: if price < 190

JayJJ

- Might see Oil prices reaching 58 area before continuing its uptrend - Looking forward to build the first poisition around 58 and another position if it manage to break 60 - Bear in mind also any news that could cause price to spike up/down

JayJJ

- After having a good run in 2019, seems like Gold's momentum is continuing in 2020 - Iran and US tension had cause Gold price to spike but quickly came back down But is it really OVER !? From technical analysis point of view:- - Gold is having a healthy pullback apart from the spike during the start of the week - 0.618 Fib level should be a good support area -...

JayJJ Updated 

Looking for mid-term BUY on GDX, fullfilling a few criterias - Supply drying up on the second bottom and notice some DEMAND coming up - Bullish Engulfing Pattern - My Trading Indicator signals a buy above 26.52

JayJJ Updated 

After the PUMP from the China news, the buying interest had been significantly low and the pump didnt last. Looking forward at around 170 area for support.

JayJJ

- There seems to be some support on 26.16 - Two target prices, if it manage to break 27.33 the next would be 28.44 - A good 3.1RR for this trade

JayJJ Updated 

- Some strength seen on GBP and change on a short term trend - A cup and handle formation if price manage to break 1.25222 - The entry now has a lower risk since price is supported by the trend line - The final target price is around 1.298

JayJJ Updated 

- Seeming a good breakout trading opportunity - 1.33237 seems like a good long area - There are sign of strength at 1.32875 so here will be a good support

JayJJ

- In my previous analysis, I did mention that ETH's price would not be able pass through 185 , the selling had just taken a pause for now - Now there is an uprising trend channel but the buying isnt strong enough hence the worst case scenario is that it is a pending bear flag waiting for breaking down as bear flags are continuation pattern - As highlighted in the...

JayJJ Updated 

- With the main KLCI index hovering at support over the past few weeks, only Tech index remain strong and resillient - There are strength in the Tech sector Recommendations: - Choose stocks with strength and trending upwards such as Frontkn, Inari, Penta

JayJJ

- Formed a H&S pattern and break through the neckline - With a large gap to fill, price is likely to go down - Looking at the supply candles, seems like there are people who already shorted at that level

JayJJ Updated 

Head and Shoulder formed on 1D GOLD, Short term wise, showing some weakness but mid-term to long term, gold is still bullish. Expect to reach around 1440 if the neckline is broken.

JayJJ

- The Head & Shoulder pattern was invalidated due to selloff on US markets and pushed GOLD prices higher - In my previous analysis, I did mentioned that GOLD is still bullish on long term although it had invalidated the H&S pattern - Lets see whether GOLD can break the 1520 area or follow the trend channel and retrace to around 1440 Scenario A: Bullish Flag...

JayJJ Updated 

- After today's drop to the neckline, a Head and Shoulder formation had formed. - Short term trend is reversed as the index is unable to achieve a Higher High and broke down below the uptrend. - If the index break down below the neckline, we should see the index heading towards 2900 (measurement based on the H's height) - Be prepared to short it but wait for...

JayJJ Updated 

Fresh of the bounce from the trendline support, we should see some buying from here

JayJJ Updated 

- After the crypto market drop significantly, higher chances that we are seeing a lot more selling in the shorter term - Short if it break 164 (likely) EP: 164 TP: 142 SL: 178

JayJJ

KLCI index have a low beta compare to other indexes in the world, as negative sentiment affecting the world markets might not be as impactful to KLCI but do note that KLCI is a critical level, anything below 1572 we will likely go back to find support at 1500. Recommendations: - Reduce the number of stocks in your portfoilio until we see some buying back in the...