DEMAND ZONE BREACHED.As seen in the monthly chart. Price blast through a strong demand zone at 0.150 from dec 2016 like its nothing. Best to say PERMAJU need to find a new support before entering. rest in peace.
PERMAJU trade ideas
Market Analysis - Permaju getting ready to buyCurrently the price is at accumulation area. I plan to buy here and hold.
Please dont follow if you dont agree.
PERMAJU berpotensi mendapat kenaikan harga kepada 0.680PERMAJU berpotensi mendapat kenaikan harga kepada 0.680
buy permajupermaju akan naik .. candle momentum sudah kluar.
trading plan.. tp 1 @ 0.195
tp2 @ 0.205
tp bonus @ 0.215
PERMAJU, volume spike indicated buying interests?PERMAJU closed Green on Thursday at 67.5c (soft resistance level at 68c) and breaking out purple-dashed trend line with volume spike (indicating buying interests). Next resistances seen are at 73c, 77c (soft), 78c before potentially testing 82.5c as per Fibonacci Retracement levels, Ichimoku Cloud's lines and past candlesticks pattern. Support is seen at 65c as per Fibonacci Retracement Levels and past candlestick patterns. MACD about to cross for buy signal with RSI pointing up at 30-ish indicating bullish view. News on PERMAJU venturing into Sanitizer Gateway (strategic preventive measure for COVID-19) business could be a good catalyst. My 2 cents. TAYOR.
PERMAJUMonitoring to study on McGinly Dynamic indicator. Target for PERMAJU price to move further up away from indicator line (Orange) within 30-60 days.
PERMAJU: POTENTIAL HIGHER HIGHPERMAJU IS ON BEARISH MODE @ SUPPORT LEVEL. POTENTIAL PULLBACK TO REACH 0.425 IN MID TERM.
EASY123 Prediction @MYX PERMAJULife is simple...Trade with Simplicity!
*Trend direction: BOTTOM - Formed bottom pattern (Double bottom was observed)
*Bottom signal (Yellow-Diamond "BT" on 06-Jul) was sighted on our chart.
*Turning points (White-candle) have appeared on 07-Jul, an indication of the price revert to upward direction.
*White-Diamond appeared on 16-Jul, an indication of strong momentum acceleration.
Prediction: Once the price can break the immediate resistance RM0.355 it will rally to the next level.
*The rally anticipate able to goes up 2 fold from our turning point (RM0.35)
Preference Strategy: Swing trading (Follow the BUY/SELL Signal respectively).
Target Price: R1=0.38-0.44, R2=0.51-0.58
Support/Cut Loss: S1=0.26-0.24
*Reminder TP & CL is an individual preference & decision. No fixed rule or guideline for it...Trade at your own risk.
*If you are interested in our trading template. Feel free to drop us a message, we are happy to share with you.
Signal's Interpretation:
BUY Signal:-
*Green-Background = Indication of an Uptrend
*BT-Yellow-Diamond = Indication of Bottom signal.
*Green-Upward-Triangle = Indication of Hot-seller, potentially a Bottom signal.
*White-Diamond = Indication of a strong upward momentum accelerator.
*White-Candle = Indication of a strong turning point or a trend reversal.
*Yellow-Candle + Alert-Bell = Indication of Price take-off area.
SELL Signal:-
*Red-Background = Indication of a Downtrend.
*Red-Dot = Indication of Hot-buyer, potentially a Top signal.
*Blue-Candle = Indication of Price selling off area.
PERMAJU 19/07/2020RSI, STOCH, MACD = OVERBOUGHT (OB)
EP - 0.240
TP1 - 0.555
SL - 0.090
RISK REWARD RATIO - 2:1
TRADING IDEAS FOR MYR STOCK PERMAJU. HAVE A NICE TRADING DAY.
Small Long in PERMAJU 4HAs we can see in chart, the current trend is down and not showing the price will stop will hit at resistant 3.
Previous pattern, head shoulder form marking that the price is decline to go long. The fibo also showing the price already touch 1.618 fabo.
My idea is, the price will stop at resistant 3, 0.360 and will create hook pattern and that is the best time to buy if buyer push the price back but till 0.460 only.
CL: 0.325
#need your idea and comment as we all have difference strategy.
