TEXCYCLE May 2024 : momentum moves
momentum moves :
1. prior uptrend >25%
2. pullback on 10EMA
3. pre-breakout contraction / VCP in base
4. high volume breakout
5. pullback to 10 weeks EMA
6. Wyckoff Spring in Uptrend
MYEG possible forming a triangle. 21/May/24MYEG strong support would be at 0.900 +/- if there was a triangle forming. Even EPF have "pull out" as 1 of major share holder BUT ChatGPT (copilot) still giving 1.33 for its intrinsic value.
Zantat Holdings Bhd to Gain Momentum for New HighIn daily timeframe, price is holding well above the MA 20 indicates the momentum still intact for short term period.
In lower timeframe H1, we can see a reversal followed by a bullish continuation pattern and currently price is capped below the supply zone area of 0.515 to 0.525.
To further validate the bullish movement, price to close above 0.515 in weekly timeframe as a breakout from the previous weekly bear candle.
A break below 0.470 invalidates the bullish movement and will further move downwards to 0.455.
VSTECS 1h chart : first range expansion after a consolidation
limit up a few days ago
formed a Wykoff's Spring in uptrend box
today set up :
range expansion after a consolidation
break new 52 weeks high
QES, The current point exhibits upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
SLVEST Warrant, Capitalsahamplus Algo TradingSystem Remisier CheThe current point exhibits upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
Aimflex, Capitalsahamplus Algo TradingSystem by Remisier CheDin The current point exhibits upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
MBSB May 2024 : first candle expansion after consolidation
pre breakout :
- price and volume contraction
on breakout :
- price and volume expansion
breakout points :
- base breakout
- 10 weeks EMA breakout
LUXCHEM MARKING UPThis is a typical Re-accumlation Pattern of type #2 Schematic
Yesterday, noticed that there was a Significant Bar (SBar) with a Huge Demand Vol
-wyckofian called it as 'JAC' which is Jump across the creek as mentioned by Bob
With a long Accumulation, the expected projection should be higher
Thus position initated as attached
As always, Anything can happen in market. Risk is no 1 priority
Pure Wyckoff
Solarvest, Capitalsahamplus Algo TradingSystem Remisier CheDin The current point exhibits upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
MY: PA Resources Analysis 17.5.24Has break Resistance. Fibo TP at 0.48.
Manage to entry at 0.39. Personally, Will have short TP at 0.43.
Kobay, Capitalsahamplus Algo TradingSystem Remisier CheDin The current point exhibits upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
TRC SWING TRADE SETUP1. Increased volume break out on 8 & 9 May 2024
2. Price pull back with decreasing volume to previous resistance together with 10 MA as support
3. Cup with handle setup
Wait for price to break out with increase volume
Risk
1. QR report releasing soon end of this May
[MRCB]: Riding the construction wavePrice has tested resistance formed since September 2023 with some low volume selling on 9.1.2024.
Long & short term moving averages have aligned.
MACD shows bullish momentum.
Between Oct to Nov 2023, prices have tested support with low volume as well as two shakeouts.
Wyckoff accumulation pattern also appears to near its end with possible SOS.
If price manage to break the resistance again, this will go to a new 52 week high definitely and enter the mark up phase.
CORAZA, Capitalsahamplus Algo TradingSystem Remisier CheDinThe current point exhibits upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
CSCSTEEL, Uptrend based on AlgoSignal StrategyThe current point exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
Cup and handle bullish continuation patternThe price just broke through the pivot point with a strong bullish movement supported by the volume spike.
