BAUTO 5248
21/03/2025
Current Price: 1.13
Support: 1.04 & MA5/10/20
-
On 14/02/2025, an analysis of this stock was conducted.
At that time, it was stated.
Recently, 1.12 can be seen as a support level based on the previous surge of large volume low points.
As expected, once it fell below 1.12 on 28/02/2025, it sharply dropped to 1.04.
On that day, it also surged with a large volume.
So now, 1.04 can be viewed as the support level.
Today, I want to analyze this stock and share my thoughts with everyone.
When will the stocks that have fallen deeply stop declining and rebound?
When can one enter the market?
A stop in the decline must be above the 5-day and 10-day moving averages.
A rebound must stand above the 20-day moving average.
This strategy is suitable for any declining stock.
(You can refer to PADINI and KENANGA.)
BAUTO is above the 20-day moving average today.
However, the quantity in recent days has been a bit low.
Only with quantity can there be price.
However, personally, I am optimistic.
This trend also looks a bit like IJM.
A large amount was also revealed a few days ago.
It is currently also near the 5-day and 10-day moving averages.
-
If you like it, give a thumbs up.
If it's useful, Share.
No trading advice.
$BAUTO (5248.MY)$

$Tesla (TSLA.US)$
call 232 .. nows your chance

$NIO Inc (NIO.US)$ Azure

$Applovin (APP.US)$ As soon as I buy, it crashes.

$Nuburu (BURU.US)$ It's uncertain whether it will rise. I also have an order set last night to Buy at a limit price of 0.195 that was not executed, and a stop-loss Sell set at 0.185.

$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ retraced further down towards the 1520 points region with an overall bearish market sentiment as we still saw over 900 counters closing red along with for the day. Daily trading volume however was able to see a minor surge back towards the 3.7 billion mark, mainly still dominated by selling activities here.
Main stocks that showed strong buying momentum today would be the likes of NATGATE, NEXG, SCGBHD, YTL...