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REDTONE DIGITAL BHD MYS - Good Sign, Ready to enter MA Low ZoneTrading style: BBMA The stock rose and formed a white bullish candle last Friday, breaking out above its 3-week long triangle pattern. The breakout was supported by a higher trading volume which indicates a renewed buying interest after the stock’s consolidation from the 52-week high. More upside is likely to follow after the said breakout, underpinned by the rising EMAs. I think that aggressive traders may want to go long now with a stop-loss set at RM0.970. For today, price may go down to MA Low in Daily and 4H timeframe, that is a good sign to buy now. Follow-through buying may lift prices to test the historical resistances at RM1.10 and RM1.15. My target price using fibonacci is at RM1.28
MYX:REDTONELong
by zeri85
A Divergent Signal!The candlestick indicates a divergence signal where the price closed above the MA line compared with previous candlesticks without significant results in volume. Therefore, an attempt to push the price towards next price peak resistance with low volume. MACD and RSI indicators indicate a positive trend, hence, support the price movement towards next price resistance. Let's save UMC in WL and watch out for significant price movement with result in large volume of stock been traded. R 0.685 S 0.620
MYX:UMCLong
by eskopitehmilo
THplant reboundEntered into our momentum zones but candle still yellow. Because yellow can slow down and turn to red lights If price break and maintain above 0.785 it will be interesting and that turns the bar into green Potentially for long term play. Nearest resistance is 14% While long term resistance is probably 25-50%. If it can break 1.17 then they will be another 114% space Short term risk is 4% but you have another mid term risk <10%. A part from that the distance to top resistance is a bit less which less than 15% where is quite good. Somehow may retest 200ma and we need to beware of that also. #This is not a buy call. Just telling the technical aspect of what its all about Like a car seller telling the spec of the car. I.e a car can speed up 100kmh in 6 seconds and this the price. Its up to you if u like it or not its your own choice Some people may not interested to speed but steady stable and comfort For those who read plz press the boost button so i know somebody is reading. Otherwise i expect this site is unaware of many people
MYX:THPLANTLong
by godsmercy305
1
KJTS, still will push?>> stochastic OS >> Price below Hull MA red >> RSI still OB Potential strong rebound at 0.555 area?🧐 Buy and sell so you can sleep better at night. But if you lose your sleep after you buy or sell. Then have to evaluate why you buy or sell....🤔 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.
MYX:KJTS
by DSELE99
CHHB, example one of the reason why I avoid OS counter"Having missed the 29 Feb 2024 deadline to release its fourth quarter ended 31 Dec 2023 (4QFY2023) results, *Country Heights Holdings Bhd* (CHHB) is likely to be slapped with a trading suspension. (The Edge Malaysia)" TA wise... >> Below Hull MA (blue cloud) >> Stochastic & RSI are OS. OS doesn't means good to collect, it may indicate that it's at best buy area. And it could be cheaper as well. Do trade as per own set-up. It may help in your own trading style. If traders themselves don't believe their own trading plan, who else woll? 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.
MYX:CHHBShort
by DSELE99
A Reversal Pattern!The candlestick pattern indicates a reversal pattern where the price having a positive momentum towards the MA line without significant in trading volume. Therefore, a precaution for a potenticial price reversal. The price channel indicator provide the upper and lower bound of the price range during a market trend. The indicator uses the highest highs and lowest lows to form the channel, with the upper and lower lines representing support and resistance areas MACD and RSI indicate a positive signal hence confirming the price momemtum towards next price resistance. Let's SALUTE in WL and watch out for price uptrend towards next price peak resistance with result in volume above the MA line. R 0.740 S 0.620
MYX:SALUTELong
by eskopitehmilo