SmartSahamWyckoff

SmartSahamWyckoff

As proxy for defensive sector play, we choose Consumer Staple and new-IPO company (growth consideration as added value). The price is the lowest range since IPO, so we think the value has emerged for accumulation and will monitor the progress.

SmartSahamWyckoff

Just showing here the example of reaccumulation type 1 that happens to Dnex

SmartSahamWyckoff

Just for record on beautiful ascending triangle channel (without spring) schematic of accumulation for Hibiscus.

SmartSahamWyckoff

Bitcoin has seen some corporate and big money supports, that adds up to the catalyst for its strong bull. Ambitious target at USD 60k level in mid term.

SmartSahamWyckoff

We review FBMKLCI performance from 1983, as with other market, is on long term upward bullish trend with high volatility. Economic and financial cycle is obvious from the chart, with KLCI was responding to the bullishness and bearishness of the world financial environment. Suffice to say, 10 years cycle is imminent from the chart. When FBMKLCI touched ATH during...

SmartSahamWyckoff

With the news of vaccine and opening borders, we try to expect probable Wyckoff target price based on horizontal and vertical calculation.

SmartSahamWyckoff

Despite steel catalyst has booming in the market recently, we opine Ann Joo potential of accumulation has achieved it TP target. It needs further solid catalyst and earning visibility.

SmartSahamWyckoff

Updating our TP level.

SmartSahamWyckoff

We will start coverage Malakof from now on.

SmartSahamWyckoff

Posting here the Wyckoff Schematic of Skpres that we have been following for almost 4 years, actively.

SmartSahamWyckoff

We have been following Tomypak for quite some time, and sharing its potential highest TP based on Wyckoff Law Cause and Effect.

SmartSahamWyckoff

Price in low spread candles and volume behaviour, pressing the resistance, suggesting ABSORPTION. We bias oil will breakout soon.

SmartSahamWyckoff Updated 

BOW - Swing Trading TR play - Day/Contra Setup

SmartSahamWyckoff

We opine that the gloves sector based on cumulative performance of Kossan, Hartalega, Topglove, Rubberex, Supermax and Comfort, is entering the distribution phase and already finished all compulsive wave for short term cycle. This is only invalid if it breaks the ATH. Strategy : Identify Buying Climax, BOR (Buy on Reaction). Sell at ST. Will monitor closely.

SmartSahamWyckoff

Bursa volume of trading will contribute to its earning, hence justified the price increase. The chart shows the trading ideas previously in expectation of Covid-19 demise. Low and bottom feeder. Then due to stimulus plan, Bursa rebounded strongly, meeting the expectation. MCO contributed positively to market as a whole, and specific to Bursa. We had seen...

SmartSahamWyckoff

After a while following through TSH since it rebounded from lowest due to Covid 19, it already break the resistance a few times. Generally TSH is exhibiting an ascending channel accumulation pattern. Successful breakout from 91 sen is seen sustainable. Trading Plan : Accumulate during TR, sell partial at resistance before breakout and partial above...

SmartSahamWyckoff Updated 

We opine that the crude oil will retrace and make a healthy correction as we see the completion of impulsive wave and currently making the correction wave. As the resistance circa the gap is definitely strong resistance level, oil need to build up cause and momentum for another upward move. For now, medium term is still in the trading range.

SmartSahamWyckoff Updated 

Of all sectors in Bursa Malaysia, only tech sector has breakout from its sideway range, and currently above its MA200 signifying bullish trend. However, it is still below the supply line considering previous two peaks. EW5 can go as high as the previous peak, but for now, it has to retest and retrace for EW4 completion.