Looking at the chart for MISC Berhad, here's my analysis: Current Price Action: - Trading at RM7.08, up 1.29% - Currently testing key support level - Price below major moving averages suggesting bearish pressure Technical Analysis: 1. Support/Resistance: - Critical support zone around RM7.40 (highlighted in pink) - Major resistance at RM8.00-8.20 (recent peak) - Previous support at RM7.60 now acting as resistance 2. Moving Averages: - All moving averages trending downward - Price trading below all major MAs - Death cross formation (short-term MA below long-term MA) Volume Analysis: - September 2024: MYR1.024B (-8.29%) - Recent volume spike on selloff - Money flow indicator showing distribution phase Key Events: - June 2024: MYR1.254B (+564.28%) - March 2024: MYR188.7M (-85.66%) - Significant decline from recent highs around RM8.80 Trading Considerations: - Currently in downtrend - Key level to watch is RM7.40 support - Break below support could target RM7.00 - Need to see price back above MAs for bullish reversal
This particular one still needs time to consolidate here, wait! Powerd By Cryptoanalyzes.com
Looking at the chart for Axiata Group Berhad, here's my analysis: Current Price Action: - Trading at RM2.49, up 4.18% - Breaking out from recent resistance level - Price moving above all major moving averages Technical Analysis: 1. Support/Resistance: - Strong support zone around RM2.20-2.30 (highlighted in purple) - Previous resistance at RM2.40 now likely to act as support - Overhead resistance around RM2.60 (previous swing high) 2. Moving Averages: - All moving averages beginning to turn upward - Price recently crossed above all MAs - Potential golden cross forming (short-term MA crossing above long-term MA) Volume Analysis: - Recent volume spike supporting the breakout - September 2024: MYR2.379B (-14.97%) - Money flow indicator showing improving buying pressure Notable Price Events: - March 2024: MYR2.105B (-16.85%) - June 2024: MYR2.797B (+32.88%) - Consistent base formation over several months Trading Considerations: - Breakout above RM2.40 suggests bullish momentum - Stop loss could be placed below support at RM2.30 - Initial target at previous resistance RM2.60 - Risk/reward appears favorable at current levels
Months ago I posted about not to buy 2310 since it is coming lower, still some of you bought and lost their money as I saw on other platforms and from people who contacted me. Now the market reached the level I told you and we will wait for a confirmation of the reversal, as soon as I get it I will post about it and you can take the trade. Follow so you won't miss the entry!
#FTM The price is moving in a descending channel on the 1-hour frame and sticking to it well We have a bounce from the lower limit of the descending channel, this support is at 0.6900 We have a downtrend on the RSI indicator that is about to be broken, which supports the rise We have a trend to stabilize above the moving average 100 Entry price 0.7300 First target 0.7735 Second target 0.8078 Third target 0.2490
We believe the altcoin XAI is nearing its bottom, with the recent liquidation level standing at 3.75. Based on the current price action, I am anticipating a potential entry for a long position between 1.6 and 1.3. The take-profit levels are quite high and should be considered at the discretion of each trader. This could be an exciting opportunity for those looking to capitalize on a potential reversal. Powerd By Cryptoanalyzes.com
#TRX The price is moving in a descending channel on the 1-hour frame and sticking to it well We have a bounce from the lower limit of the descending channel, this support is at 0.2500 We have a downtrend on the RSI indicator that is about to be broken, which supports the rise We have a trend to stabilize above the moving average 100 Entry price 0.2530 First target 0.2572 Second target 0.2607 Third target 0.2647
seems like a reversal to happen Looking at the chart for Microlink Solutions Berhad, here's my analysis: Current Price Action: - Trading at RM0.240, up 11.63% - Recently broken above downtrend resistance - Showing signs of trend reversal after extended decline Technical Analysis: 1. Moving Averages: - Price crossed above all major moving averages - Moving averages beginning to turn upward - Golden cross formation developing (short-term MA crossing above long-term MA) 2. Support/Resistance Levels: - Immediate support at RM0.220 (recent breakout level) - Next resistance around RM0.280 (previous support turned resistance) - Major support at RM0.120 (recent low) Volume Analysis: - Notable increase in volume supporting the reversal - September 2024: MYR3.033M (+172.03%) - Green volume bars indicating strong buying pressure Key Events and Figures: - MYR-81.114M (-51561.98%) in September 2024 - June 2024: MYR-4.94M (-81.24%) - Recent volume spike suggesting institutional interest Trading Considerations: - Breakout from downtrend suggests potential trend reversal - Stop loss could be placed below RM0.200 - Initial target at previous resistance RM0.280 - Risk management crucial given historical volatility
#XAUUSD on multiple reverse, now we expect price to reach 2625 for bearish retracment, above there holds some decline to drop the pair back to 2607 which will form buy. Sell limit 2625, take profit 2607, stop loss 2632. Bullish can take place unless there is longer candlestick on H1.
AMEX:SPY We see the indices having a tough January. Long-term trend is still intact. The 10-year yield is a benchmark for bulls/bears. It needs to be down to 4% (currently 4.5%). If it hits 5%, the pullback will intensify. There is a high floor of support on pullbacks, notably the 50SMA ($580) and 200SMA ($550). We are not thinking bear market. We are overextended. $595 CALL 1/13 Entry: Breakdown under white trendline Targets ?: $595, $598.67 $585 PUT 1/13 Entry: Breakdown under white trendline Targets ?: $585, $583.56, $580 Best of luck to you all and a happy new year from all of us at Pennybois! ???