In trading, knowing how to buy is just the beginning. It's like being a student learning the basics. But knowing how to sell—that’s what separates the masters from the rest.
Here’s when I consider selling or reducing my position, especially during an uptrend when my P/L is positive:
1️⃣ RSI Alert: When the price hits above RSI 70 on the daily chart, it's often a signal of overbought conditions.
2️⃣ Volume vs. Price Movement: Sudden high volume during an up...
Here’s when I consider selling or reducing my position, especially during an uptrend when my P/L is positive:
1️⃣ RSI Alert: When the price hits above RSI 70 on the daily chart, it's often a signal of overbought conditions.
2️⃣ Volume vs. Price Movement: Sudden high volume during an up...
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The Technology Index is currently in the overbought range on the daily RSI, signaling a potential pullback soon. Additionally, Nasdaq has started retreating from its peak, which could influence tech stocks globally.
Caution Ahead:
Some tech stocks might be overbought, making this a good time to consider taking profits.
📊 For example:
1️⃣ Frontken:
– RSI Divergence spotted
– Volume-Price Analysis: Price surged significantly, but trading volume remained low — a potential warning ...
Caution Ahead:
Some tech stocks might be overbought, making this a good time to consider taking profits.
📊 For example:
1️⃣ Frontken:
– RSI Divergence spotted
– Volume-Price Analysis: Price surged significantly, but trading volume remained low — a potential warning ...
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Current Price: RM 1.23
The stock rebounded from a double bottom around RM 1.15, confirming a bullish reversal after breaking above the neckline at RM 1.20. However, the price encountered resistance near RM 1.30 and is now in a pullback phase.
Technical Analysis
1. Fibonacci Retracement Support:
The price has pulled back to the 50% Fibonacci retracement level, a key support zone where buying interest typically re-emerges.
2. Double Bottom Confirmation:
The break above the nec...
The stock rebounded from a double bottom around RM 1.15, confirming a bullish reversal after breaking above the neckline at RM 1.20. However, the price encountered resistance near RM 1.30 and is now in a pullback phase.
Technical Analysis
1. Fibonacci Retracement Support:
The price has pulled back to the 50% Fibonacci retracement level, a key support zone where buying interest typically re-emerges.
2. Double Bottom Confirmation:
The break above the nec...
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Current Price: RM 1.15
The stock successfully broke a 126-day consolidation and is now trading with strong upward momentum, pushing the RSI into the overbought range on the daily chart. Since the price is extended, waiting for a pullback could offer a better entry.
Potential Pullback Supports
1. Fibonacci Retracement Support (Daily Basis):
I adjust the Fibonacci retracement levels daily based on recent price action. Typically, I focus on the 50% retracement level, a key area w...
The stock successfully broke a 126-day consolidation and is now trading with strong upward momentum, pushing the RSI into the overbought range on the daily chart. Since the price is extended, waiting for a pullback could offer a better entry.
Potential Pullback Supports
1. Fibonacci Retracement Support (Daily Basis):
I adjust the Fibonacci retracement levels daily based on recent price action. Typically, I focus on the 50% retracement level, a key area w...
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It took just 6 days for the stock to break my target price! 🎯 A quick and rewarding trade with a minimum profit of 20%.
Here’s the breakdown:
– Entry Price: RM 3.09 and below
– Pullback: Experienced a pullback of over 2% from the entry price during the holding period.
This trade worked out faster than expected, proving that sometimes the market can move in your favor quickly.
If every trade could achieve its target this quickly, financial freedom wouldn’t be far away...
Here’s the breakdown:
– Entry Price: RM 3.09 and below
– Pullback: Experienced a pullback of over 2% from the entry price during the holding period.
This trade worked out faster than expected, proving that sometimes the market can move in your favor quickly.
If every trade could achieve its target this quickly, financial freedom wouldn’t be far away...
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Current Price: RM 0.96
After previously breaking below the uptrend channel, the stock has shown resilience by rebounding back within the channel support. Despite heavy selling pressure over the past two weeks, the price has maintained a tight consolidation, indicating a potential rebound.
Trading Plan:
– Take Profit Area: RM 0.96 to RM 1.08 (within the upper range of the channel).
– Entry Area: RM 0.96 to RM 0.925 (near the lower channel support).
– Cut Loss: RM 0.90.
If the...
After previously breaking below the uptrend channel, the stock has shown resilience by rebounding back within the channel support. Despite heavy selling pressure over the past two weeks, the price has maintained a tight consolidation, indicating a potential rebound.
Trading Plan:
– Take Profit Area: RM 0.96 to RM 1.08 (within the upper range of the channel).
– Entry Area: RM 0.96 to RM 0.925 (near the lower channel support).
– Cut Loss: RM 0.90.
If the...
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After 44 days, the stock finally broke through my target price! 🎯 It's always rewarding to see patience paying off in the market. Here's a recap:
– Minimum Entry Price: RM 1.95
– Profit Achieved: Minimum 15%
– Fail Prediction: Faced a pullback of over 6% from the minimum entry price during the holding period.
While I’m happy with the result, it did take 44 days of waiting. What do you think?
👉 Is waiting 44 days for a minimum 15% profit worth it? Let me know your thou...
– Minimum Entry Price: RM 1.95
– Profit Achieved: Minimum 15%
– Fail Prediction: Faced a pullback of over 6% from the minimum entry price during the holding period.
While I’m happy with the result, it did take 44 days of waiting. What do you think?
👉 Is waiting 44 days for a minimum 15% profit worth it? Let me know your thou...
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Current Price: RM 3.01
The latest earnings report for this stock is solid, but the absence of a gap-up at market opening suggests the result was already priced in or met investor expectations.
Fundamental Strength:
PE Ratio: Less than 10 (indicating undervaluation).
ROE: More than 10 (reflecting strong efficiency in generating returns).
These financial ratios highlight the company's solid fundamentals, making it a potential candidate for accumulation.
Trading Plan:
Take P...
The latest earnings report for this stock is solid, but the absence of a gap-up at market opening suggests the result was already priced in or met investor expectations.
Fundamental Strength:
PE Ratio: Less than 10 (indicating undervaluation).
ROE: More than 10 (reflecting strong efficiency in generating returns).
These financial ratios highlight the company's solid fundamentals, making it a potential candidate for accumulation.
Trading Plan:
Take P...
Current Price: RM 6.44
I foresee a potential price correction for this stock based on two strong technical indicators, despite its low PE ratio (below 10).
Key Observations
Inverse Pin Bar with High Volume:
The inverse pin bar candle on the daily chart, coupled with high volume, indicates significant selling pressure, a bearish signal that the price might head lower.
RSI Divergence:
The RSI divergence on the daily chart adds another layer of bearish confirmation, showing...
I foresee a potential price correction for this stock based on two strong technical indicators, despite its low PE ratio (below 10).
Key Observations
Inverse Pin Bar with High Volume:
The inverse pin bar candle on the daily chart, coupled with high volume, indicates significant selling pressure, a bearish signal that the price might head lower.
RSI Divergence:
The RSI divergence on the daily chart adds another layer of bearish confirmation, showing...
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Current Price: RM 2.40 (+6.19% today)
Today’s quarterly earnings report showed revenue growth but a QoQ profit drop. Despite the profit decline, the stock opened with a gap up, indicating that the results were above market expectations.
Key Observations
Technical Breakout:
Today, the price broke above the 20 EMA on the daily chart.
If the upward momentum continues, the 10 EMA could cross above the 20 EMA on both the daily and weekly charts, signaling a strong bullish tre...
Today’s quarterly earnings report showed revenue growth but a QoQ profit drop. Despite the profit decline, the stock opened with a gap up, indicating that the results were above market expectations.
Key Observations
Technical Breakout:
Today, the price broke above the 20 EMA on the daily chart.
If the upward momentum continues, the 10 EMA could cross above the 20 EMA on both the daily and weekly charts, signaling a strong bullish tre...
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