A Divergence Signal!The price candlestick indicates a divergence because the price moves in the direction opposite from the previous candlesticks. With volumes exceeding the MA line due to fresh buyer interest.
The price channel is used to indicate lower trend line marks support.
MACD and RSI indicators also indicated a divergence signal aligned with the price divergence towards the next price peak.
Let's save GHLSYS in WL and watch out for price action toward the next price resistance which results in increasing volume due to strong and healthy.
R 0.715
S 0.685
ACO buy signal based on MRV1 setup on 5 Jan 24 at RM0.235
This is actually a repeated signal which was observed on 19 De 23 at the same price based on MRV1 setup.
Support area could be established at equilibrium support area of RM0.210 which is also the suggested stop loss to maintain minimum risk of 10%.
Stop loss aligns with next support area based on equilibrium.
Target price set at RM0.280 with a 1:2 risk/reward ratio or at RM 0.280 to align with equilibrium resistance price area. However, you may also adjust risk/reward ratio to 1:1.5 or 1:1.
Expected holding period is about 2-3 months as signal comes from daily chart.
Nearest resistance to break at RM0.245
Exercise extra caution as this is not a counter with good volume.
This information is for discussion purposes only and is not a buy/sell call.
SENHENG buy signal based on MRV1 setup on 5 Jan 24 at RM0.340
Buy signal for SENHENG observed on 5th Jan '24 at RM0.340 based on MRV1 setup.
Support area could be established at equilibrium support area of RM0.325.
Suggested stop loss set lower at RM0.305 to maintain minimum risk of 10%.
Stop loss aligns with next support area based on equilibrium.
Target price set at RM0.410 with a 1:2 risk/reward ratio.
Option to align with equilibrium resistance price area at RM0.415 or adjust risk/reward ratio to 1:1.5 or 1:1.
Expected holding period is about 2-3 months as signal comes from daily chart.
Three resistance areas spotted based on equilibrium at RM0.345, RM0.370, and RM0.390.
SENHENG has been at lowest price range since September last year.
Return to this price area could be interpreted as establishing a base at this price level.
Might not appeal to those looking for quick flip but suitable for those without time to frequently check chart.
This information is for discussion purposes only and is not a buy/sell call.
Accumulation Pattern!The price candlestick indicates an accumulation pattern where the price moves in a sideways range for an extended period before attempting to break out the upper line of the price channel. With the result in volume exceeded the MA line.
MACD and RSI indicators indicate a positive momentum and are aligned with the price candlestick.
Let's save MFLOUR in WL and watch out for significant price movement action with results in volume exceeding the MA line.
R 0.700
S 0.620, 0.600
Mahsinhg still looking for at this moment R at 0885 area.
Be careful of profit taking. Always protect downside.
SCABLE, where is the support?>> Hull MA still red
>> Possible to rebound at EMA 7 area?
>> If operators keen to play one more round, they might do something to push up the price.
When the market moves where, and how, and if - these are all unknown. The only thing which we can control is our risk. Focus on risk management!
Keep the long term vision.
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein.
MASTEEL buy signal based on MRV1 setup on 4 Jan 24 at RM0.345
This is a repeated signal that was triggered multiple times, but the focus is on the one that happened on 14 Dec 2023 at the closing price of RM0.335.
The support area could be established at the equilibrium support area of RM0.300, which is also suggested as the stop loss to maintain a minimum risk of 10% based on the price.
The target price is somewhere between RM0.405 and RM0.410 with a 1:2 risk/reward ratio, aligning with the equilibrium resistance price area. Adjust the risk/reward ratio to 1:1.5 or 1:1 based on preference.
The expected holding period is about 2-3 months since the signal comes from the daily chart.
Pattern-wise, it’s still trying to break above the ascending triangle pattern, which was broken multiple times, just not closed above the triangle resistance. A momentum reading appeared as confirmation for the pattern play.
This information is for discussion purposes only and is not a buy/sell call.
VELESTO buy signal based on MRV1 setup on 4 Jan 24 at RM0.240
This is a repeated signal that was triggered on 26 Dec 2023 at the closing price of RM0.230.
The support area could be established at the equilibrium support area of RM0.215.
Suggested stop loss at RM0.205 to comply with the minimum risk of 10% based on the price.
The target price is at RM0.280 with a 1:2 risk/reward ratio, aligning with the equilibrium resistance price area or RM0.285.
Adjust the risk/reward ratio to 1:1.5 or 1:1 based on preference.
The expected holding period is 2-3 months as the signal is derived from the daily chart.
This information is for discussion purposes only and is not a buy/sell call.
SEALINK buy signal based on MRV1 setup on 4 Jan 24 at RM0.220
This is the first signal following the retracement due to a sudden spike in both price and volume.
The support area could be established at the equilibrium support area of RM0.200.
Suggested stop loss at RM0.195 to comply with the minimum risk of 10% based on the price.
Consider setting the stop loss around the next equilibrium support area at RM0.165 due to the large size of the price candle.
The target price is at RM0.270 with a 1:2 risk/reward ratio, aligning with the equilibrium resistance price area.
The nearest resistance is at RM0.235. Adjust the risk/reward ratio to 1:1.5 or 1:1 based on preference.
The expected holding period is 2-3 months as the signal is derived from the daily chart.
The momentum signal was triggered near the equilibrium support at RM0.165 and broke through the equilibrium resistance-turned support at RM0.200.
An uptrend price pattern of higher highs (HH) and higher lows (HL) has been established.
A momentum signal at these price areas should confirm the movement. For a clearer view, zoom out on the chart.
This information is for discussion purposes only and is not a buy/sell call.
HIAPTEK, able to support at trend line?>> Possible to rebound?
>> Seller incharge at the moment.
Let monitor and see.
When the market moves where, and how, and if - these are all unknown. The only thing which we can control is our risk. Focus on risk management!
Keep the long term vision.
Disclaimer :
Please be informed that all stocks pick are solely for education and discussion purpose; it is neither a trading advice nor an invitation to trade. For trading advice, please speak to your remisier or dealer representative.
PARKSON buy signal based on MRV1 setup on 3 Jan 24 at RM0.285This is actually a repeated signal, as it was previously triggered on 29 Dec 2023 at a similar price of RM0.275.
The support area could be set at RM0.245, or at the equilibrium price of RM0.240. Either way would still adhere to the minimum 10% risk based on the price.
The target price is RM0.335, to maintain a risk/reward ratio of 1:2. However, you may choose to adjust this to 1:1.5 or 1:1 based on your preference.
The expected holding period is 2-3 months, as the signal is derived from the daily chart.
Price pattern shows that this counter quite recently broke away from a symmetrical triangle and now retesting the resistance. There is a possibility that price would fail to break the resistance signal was triggered at an uptick candle near the diagonal support of a rising price channel.
The immediate resistance is at RM0.300 and the next resistance is at RM0.355.
The support zone is at RM0.240.
**Only for discussion purposes. Not a buy / sell call**
MELEWAR triggered based on MRV1 on closing 15 Dec 23Buy signal triggered based on MRV1 setup at RM0.275;
20% target at RM0.330; stop loss at RM0.245;
2-3 months due to the signal based on the daily timeframe.
**Only for discussion purposes. Not a buy / sell call.
PUNCAK buy signal based on MRV1 setup on 2 Jan 24 at RM0.395
This is actually a repeated signal, as it was previously triggered on 13 Dec 2023 at a similar price of RM0.385.
The support area could be set at the most recent pivot low of RM0.350, which coincides with the equilibrium support area. However, I would set the stop loss to RM0.345 to adhere to the minimum 10% risk based on the price.
The target price is RM0.465. To maintain a risk/reward ratio of 1:2, you may choose to adjust this to 1:1.5 or 1:1 based on your preference.
The time horizon is 2-3 months, as the signal is derived from the daily chart.
The momentum signal was triggered at an uptick candle near the diagonal support of a rising price channel.
An uptrend price pattern of higher highs (HH) and higher lows (HL) has been established, triggered after a pivot from channel support and coinciding with the equilibrium price area. A momentum signal at these price areas should be able to confirm the movement. Zoom out the chart to see.
The immediate resistance is at RM0.435 and the next (faraway) resistance is at RM0.525.
The support zone is at RM0.350.
**Only for discussion purposes. Not a buy / sell call**
OVH buy signal based on MRV1 setup on 2 Jan 24 at RM0.225
- This is actually a repeated signal, as it was previously triggered on 14 Dec 2023 at a similar price of RM0.220.
- Although the support area could be higher, I would set the stop loss to RM0.195 to avoid having a stop that’s too tight.
- The target price is RM0.270. To maintain a risk/reward ratio of 1:2, you may choose to adjust this to 1:1.5 or 1:1 based on your preference.
- The time horizon is 2-3 months, as the signal is derived from the daily chart.
- The price is still at the lower range of the historical price, and there’s good momentum play on the previous signals.
- There’s a 1-2-3 movement pattern from the series of higher highs (HH) and higher lows (HL) after the price retracement in October 2023. This is good enough for a momentum play, especially with an uptick nearing an equilibrium support area.
- The immediate resistance is at RM0.250 and the next resistance is at RM0.295.
- The support zone is at RM0.210.
**Only for discussion purposes. Not a buy / sell call**
LIONIND buy signal based on MRV1 setup on 2 Jan 24 at RM0.330- This is actually a repeated signal, as it was previously triggered on 19 Dec 2023 at a similar price of RM0.335.
- Although the support area could be higher, I would set the stop loss to RM0.300 to avoid having a stop that’s too tight.
- The target price is RM0.405. To maintain a risk/reward ratio of 1:2, you may choose to adjust this to 1:1.5 or 1:1 based on your preference.
- The time horizon is 2-3 months, as the signal is derived from the daily chart.
- There’s no 1-2-3 breakout movement pattern. I’m just expecting that a new higher low (HL) will be created once the recent high (H) of RM0.34 breaks higher.
- The immediate resistance is at RM0.355 and the next resistance is at RM0.400.
- The support zone is at RM0.305.
**Only for discussion purposes. Not a buy / sell call**
PRLEXUS triggered based on MRV1 on closing 18 Dec 23Buy signal triggered based on MRV1 setup at RM0.345;
20% target at RM0.415; stop loss at RM0.310;
2-3 months due to the signal based on the daily timeframe.
**Only for discussion purposes. Not a buy / sell call**
SOLUTN triggered based on MRV1 on closing 18 Dec 23Buy signal triggered based on MRV1 setup at RM0.240;
20% target at RM0.290; stop loss at RM0.215;
2-3 months due to the signal based on the daily timeframe.
**Only for discussion purposes. Not a buy / sell call**
VSOLAR triggered based on MRV1 on closing 18 Dec 23Buy signal triggered based on MRV1 setup at RM0.145;
20% target at RM0.175; stop loss at RM0.130;
2-3 months due to the signal based on the daily timeframe. The first buy signal comes after a major waterfall. It could be price movement messing with the reading, but it should be fine after a little bit of chaos in momentum reading after consolidation in late May.
**Only for discussion purposes. Not a buy / sell call.
SHCHAN triggered based on MRV1 on closing 19 Dec 23Buy signal triggered based on MRV1 setup at RM0.385;
20% target at RM0.465; stop loss at RM0.345;
2-3 months due to the signal based on the daily timeframe.
The second buy order after a great jump in price and volume traded and subsequent retracement. Given the large historical price spread between high and low of this counter, immediate resistance is at RM0.425 and next resistance at RM0.540. Support seen at RM0.305 area.
**Only for discussion purposes. Not a buy / sell call**
