Share price already broken the W bottom (with fake break down) around January 2022.
There is a good entry point now since the share price pull back to the neckline.
We can stop loss and exit if the share price broken below the neckline (MYR 4.70-4.80)
NCT's share price broken the neckline and previous low which likely to head toward the MYR 0.18 - 0.20 range.
We can observe that the right shoulder comes with huge volume which indicates that the market maker already exited the market during that time.
IHH share price likely to go down to MYR 5.20 ~ long term trend line.
Investors needs to be cautious if the share price breaks the triple top that formed since 2014, it will take tremendous time for price consolidation in bear territory.
HCK's share price currently forming distribution pattern at top and likely to move towards long term trend line in the coming few months.
www.theedgemarkets.com
Affin's share price still hovering below long-term trend line although forming bottoming structure currently. I will avoid investing or trading in this counter at the moment.
www.theedgemarkets.com
16 Aug 2022 - Price crossed the kumo
- Kumo up
- Kijun sen up
- Tenkan sen up
- Chiko span above candles
30 Sep 2022 - W bottom completed and break out
Entry Price : 1.33
Target Price : 1.50
Stop Loss : 1.25
