On daily TF, after a phenomenal bull run, SAZEW has retraced Fib 25%.
Anchored Volume Profile has been used to identify the area of maximum participation (Volume).
Since Fib 30% and Fib 38% also coinciding with a big participation, therefore, it should test 1730 and then 1670. If price continues to go down then it will test Fib 55% to 60% zone.
Technically correct and very safe buying in expected bull run is 2075. However, buying at discounted level of 1645 or 1485~1500 are also very good.
However, buying at nearest support of 1720 may be a risky affair.
Although RSI suggest a small hidden bullish divergence which might take prices a bit up till 1890 where exists a strong resistance as well. Therefore, risking for mere 5% gain is not logical.
Anchored Volume Profile has been used to identify the area of maximum participation (Volume).
Since Fib 30% and Fib 38% also coinciding with a big participation, therefore, it should test 1730 and then 1670. If price continues to go down then it will test Fib 55% to 60% zone.
Technically correct and very safe buying in expected bull run is 2075. However, buying at discounted level of 1645 or 1485~1500 are also very good.
However, buying at nearest support of 1720 may be a risky affair.
Although RSI suggest a small hidden bullish divergence which might take prices a bit up till 1890 where exists a strong resistance as well. Therefore, risking for mere 5% gain is not logical.
Dagangan aktif
1673 is a good price to buy a little qty here. But I'm eying below 1645 to initiate my buy.Nota
Earlier the price retraced till 1610. However, I bought at 1630. Sold at TP-1 @ 2000 booking 22% profit. Now waiting for price to cross to previous HH of 2075 to initiate Buy-3 and will likely to book profit at TP-3 around 2500.
Dagangan ditutup: sasaran tercapai
TP-2 also reached. Although the SCRIPT has the potential to reach 2600 also, with slight modified TP-3 @ 2400 I booked out all profit. 
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.