WILL CRESCENDO CONT ITS MARK UP?This is a continuation from previous analysis of Crescendo (Refer Link Below)
As price Tightening Approaching the Creek, Supply seems to shrink.
All these occurs in the background of High /Huge Vol of Supply
PRobably this is An Absorption which is on going
(Hallmark of Absroption)
I am a bit concern with the Bar & its Vol on (Black Arrow) :
1/ 12 jun 24
2/ 28 Jun 24
- So far, demand still not showing interest overcoming these area
In view of that, i let the market to prove me wrong
Position initiated as attached
Pure Wycoff, Anything can happen
ITMAX CONT MARK UPThis is an Atypical Re-Accumulation pattern
1/ Price lingering around Buec Area
2/ Vol :
-Demand going In
-Supply Evaporating
3/ Bascially fulfilling all Wyckoff Buying Criteria
Thus, with the assumption that the price going to Break-Out Buec Area ,
Position initiated as attached
Pure Wyckoff, Absolute
**This is a Classic Wyckoff Plotting, Especialy with Creek , which was introduced whom considered as a legend among true wyckoffian, Bob Evan
***Probably the price will reach @ 3.17 before ChoCh (Change Of Character) taking place
SMRT GOING TO MARK UPThis is a pov from Pure Wyckoffian perspective
Few points why i am interested with this stock to trade :
1/ The line yellow marks the transition of from non trending to Trending environment
in which wyckoffian term as Change Of Character (ChoCh)
2/ The zone of contraction , in which David Weiss talks in - depth about it (Introduce by Toby Crabel)
-As pointed by Red Arrow
-This is the point where i iniated my Entry
3/ Yellow Line which indicates the Creek (Introduced and popularized by Bob Evans)
-breaking out of Creek, a typical of JAC (Jump Across The Creek)
in view of that, i attached my position
** Entry @ 2 points :
1/ rm 1.02
2/ rm1.08
Risk always be respected
Pure Wyckoff, Anything can happen
ABLEGLOB CONT ITS MARK UPThis is roughly idea in terms of Pure Wyckoffian View
at the moment, the area in which i circle (blue color), probably undergoing Re-Accmulation
-as evidence by volume : some of the huge supply has been overcome by incoming demand
-there is still room for the price to go up : 3rd Wyckoff law (Yellow Color projection line)
in view of that, i iniated my position today , as attached
Risk always respected
Pure Wyckoff
SALCON BOM TFDSALCON (19/7/2024): Time Frame Day, the last candlestick breaks the red line (Breakout Merah : BOM), this is a good sign for the price to rise.
While in the Time Frame Week, the candlestick has formed a base and a shark (yellow bar) has appeared. The presence of sharks when the price is sideways is a sign that the price will jump at any time.
Let's monitor the price movement of SALCON!
Gtronic - QR soon, will it be positive / negative?Price was closed below Hull MA.
Stochastic and RSI are at oversold area.
Broken few supports, and drop above -19%
Possible rebound? Yet have any confirmation.
It's important to remember that oversold / overbought conditions do not necessarily mean a reversal is imminent. They can sometimes indicate the strength of the current trend.
Disclaimer: The mentioned stocks are based solely on personal opinions for educational and discussion purposes only. There are no buy or sell recommendations. Trading involves financial risk, and you are responsible for your own decisions. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the information contained herein.
MYEG - Pennant Pattern, Rebound at RM1.00 Major SupportIn process of breaking out from Pennant Pattern.
Upward trend continuouation with price constantly trading above EMA 50/100/200.
MACD, RSI, and Stochastic indicator are showing sign of trend reversal.
Major support at RM1.00 and major resistance at RM1.15