PENERGY trade ideas
PETRA ENERGY TO CONITNUE ITS MARK UPAtypical Re-Accumlation , which suits #2 (Non- Spring Trading range)
Supply drying up (Red Arrow)
Positon intiated based on Local Spring @ BUEC Area, lower Time Frame (Purple Arrow)
Thus position initiated as attached
Pure Wyckoff
PENERGY, 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.
PENERGY - protect the downside For holder, protect the downside / see profit take profit.
For those wish to enter marker, better wait for pullback.
Stochastic are at OB meanwhile ROC showing potential negative divergence.
960 ~ 930 will be the critical support area. Once broken both may be ugly chart.
When the market moves where, and how, and if - these are all unknown. The only thing which you can control is your 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.
PETRA BUYING AT LOWFor trading, the best price to enter as at 0.465 with cut loss at 0.315
TP only can be updated once the price rebounce at level 0.465 or 0.385..roughly max TP will be around 1.365
For Investing:
1. Buy 1 = 0.675
2. Buy 2 = 0.465
3. Buy 3 = 0.385
We will cutloss once the sentiment is negative... for a safe margin of how much to invest, we can put 0.315 as a reference to calculate how much risk to expose that we can tolerate in future.
The sentiment is positive as the company FV value at 1.03 & DCF-10% 0.515. With the strong oil price upward, the Energy sector will give a positive impact on the future price of the company.
No latest movement in shareholder purchase with ordinary share number stagnated at 320,942,000 unit for the past 3 years. The main concern on the cash flow of the company, however, could be justified with the decreasing of global oil price previously.
Looking forward to the next 5 years, the cycle of the energy sector will be recovered & this could give positive impact to the future of the company.
<TradeVSA> PENERGY - Shakeout Pattern with NS signalSign of Strength in the chart:
1. Shakeout completed with increasing volume
2. NS signal at Support level
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
PENERGY SAME PATERN AS OCT 2021The pattern is similar as on Oct 2021, does History repeat itself?
Brent oil already BO on 4 Oct 2021
O&G short-term superstarWe notice there are increasing trading activities in PENERGY.
Higher brent oil price leading to O&G stocks uptrend began last week.
Proper higher low chart pattern along with minor shake out done on Friday.
Big boy collecting ticket around RM0.90~0.93
Once price break out from RM0.95 , we expect it go up to at least RM1.05 given that brent oil price still in uptrend.
PENERGY - Pre Consolidation BreakoutPre Consolidation Breakout Setup.
NO INVESTMENT ADVICE IS PROVIDED
DISCLAIMER
Please consider your own interpretation of Opportunity & Risk. The author of this post strictly follows the Malaysian Security Commission ( SC ) Guidelines on the prohibition of Investment Advice by unlicensed parties. Any examples shall use historical charts without any recommendations and not to cause inducement to the public to take action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives. The author will never provide any investment or trading advice as the activity of giving investment advice is likely to be considered as a regulated activity under the Capital Markets and Services Act 2007 ( CMSA ). All posts made in Tradingview do not include any communications involving providing recommendations or opinions or includes any material, content or any statement which are likely to induce a person to take any action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives that is likely to be considered as “advising others concerning securities or derivatives”. The author will not recklessly make any statement, promise or forecast that is misleading, false or deceptive to induce or attempt to induce another person to deal in securities or derivatives. None of information posted in post can be used as investment decisions. Do not trade solely on the information posted. Trade at your own risk and judgement. A trader could potentially lose all money. Only risk capital that can be lost without jeopardizing ones financial security of lifestyle. Please seek licensed professional guidance if you plan to invest your capital seriously.
PENERGY is gaining Energy for Bullish MomentumCorporate Name : PETRA ENERGY BERHAD
Symbol & Code : PENERGY (5133)
Board : MAIN
Shariah : Compliant
Sector : Energy
Sub-Sector : Energy Infrastructure, Equipment & Services
• Weekly: PENERGY is completing its pullback after a massive SMA breakout
• Daily : The pullback happened after a major gap up. One of the biggest island reversal I’ve ever seen. Bullish.
• EP: 0.97-1.0
PENERGY climbing momentum Brent?No analyst TP for PENERGY and still in below bigger downtrend line (DTL).
However it has already moved and still room to go to PNF TP by way of W5 Elliot Wave.
Dont know. Keeping this for record.
TAYOR (Obviously)
PENERGY - Is their share price liquid and stable?Share price has been stable over the past 3 months.
Petra Energy Berhad, an investment holding company, provides a range of integrated brownfield services and products for the upstream oil and gas industry in Malaysia. It operates through Services, Marine Assets, and Development and Production segments. The company offers maintenance hook-up construction and commissioning services for offshore and onshore oil and gas installations. It also operates, manages, and charters accommodation work barges, accommodation workboats, and anchor handling tug supply (AHTS) vessels; offers engineering, operations, and maintenance services for the oil and gas industry; and packages, supplies, and commissions equipment used in the oil and gas, petrochemical, refining, and other related industries
Notably reminder:-
TP2 - 70% of 1.32
TP1 - 50% of 1.105
SL - at 0.85 and below
PENERGY : Breakout Chart PatternAssalamualaikum dan salam sejahtera,
1. Penergy telah membuat breakout chart pattern pada 4/10/19.
2. Berdasarkan forecast chart pattern (saucer), PENERGY berkemungkinan boleh mencapai target 1.98/1.99.
3. PENERGY masih berada dalam keadaan uptrend.
4. Minat belian (volume) dilihat masih kuat.
Selamat berdagang
Dr. Mohamad Najib Mat Pa
MSTA (UK), CFTe (US)
SHORT TERM TRADE - PENERGY - TRADE THE BREAKOUTPENERGY closed above MA50, a signal of trend reversal. If buying increase in the following days, price is poised to test T1. if price didn't break T1, sideways trend might ensue. Support is at S1 (along red line) and S2.
