NATGATE : CURRENT PRICE : RM1.00 - RM1.02
NATGATE has been in a corrective phase and recently printed an 8-session low, which often signals selling exhaustion and opens the door for a technical rebound. (The record session topic is discussed by STEVE NISON in his book - BEYOND CANDLESTICK , PAGE 121 - 127)
A bullish piercing line appeared in Friday’s session, where buyers pushed price well into the prior bearish candle’s body. Stochastic oscillator is currently in the oversold zone, signalling a potential technical rebound.
ENTRY PRICE : RM1.00 - RM1.02
FIRST TARGET : RM1.10
SECOND TARGET : RM1.22 (near EMA 200) - The EMA 200 has capped price twice, acting as strong dynamic resistance, look at the green highlighted area.
SUPPORT : RM0.935
Notes : For reference, I’ve attached the link to my previous write-up related to this setup.
NATGATE has been in a corrective phase and recently printed an 8-session low, which often signals selling exhaustion and opens the door for a technical rebound. (The record session topic is discussed by STEVE NISON in his book - BEYOND CANDLESTICK , PAGE 121 - 127)
A bullish piercing line appeared in Friday’s session, where buyers pushed price well into the prior bearish candle’s body. Stochastic oscillator is currently in the oversold zone, signalling a potential technical rebound.
ENTRY PRICE : RM1.00 - RM1.02
FIRST TARGET : RM1.10
SECOND TARGET : RM1.22 (near EMA 200) - The EMA 200 has capped price twice, acting as strong dynamic resistance, look at the green highlighted area.
SUPPORT : RM0.935
Notes : For reference, I’ve attached the link to my previous write-up related to this setup.
Trade chiuso: stop raggiunto
Following the disappointing 4QFY2025 results announcement, the sharp decline triggered my stop-loss level, resulting in an exit from the position.
Pubblicazioni correlate
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.