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GREATEC: Initial Stages of an Impulse Cycle, Eyeing Wave 1The Big Picture Based on the daily chart of GREATEC, one of my absolute favorite tickers is showing early signs of a fresh, long-term bullish structural shift. Current Phase: The price action is in the foundational stages of a new 5-Wave Impulse sequence, currently carving out the initial Wave 1 momentum. Key Triggers: After clearing previous heavy local resistance zones (now turned support around RM2.34) and stabilizing nicely along the ascending support line, buyers are clearly stepping back into the driver's seat. What's Next: We are watching for the structure to mature. The hope is for the price action to respect all Elliott Wave rules, stay above the invalidation lows, and eventually fly through the local highs to trigger the explosive Wave 3 and Wave 5 extension targets. Educational Disclaimer: This chart is for educational purposes and purely based on technical analysis, not a buy/sell call. All entries, stop-loss setups, and RRR are entirely subject to your own risk evaluation. The author assumes no responsibility for market volatility or potential third-party manipulation/pump-and-dump anomalies. Always DYOR.
MYX:GREATECLong
by sipuutseduut
Riding the Motive Waves, Mapping the 5-Wave Impulse StructureBased on the daily chart of MNHLDG, the price action is carving out a highly Impulse Wave (Motive Wave) structure according to Elliott Wave Theory. Following the completion of Wave 1 and a healthy Wave 2 correction that held firmly above the critical RM1.46 support, the market is currently accelerating within a powerful Wave 3. Backed by Fibonacci extension levels, this dominant wave is currently eyeing a primary target around the RM3.30 region. Identifying these Motive Waves (Waves 1, 3, and 5) is essential for trend followers, as Wave 3 typically represents the strongest and most extended part of the cycle. Looking ahead, once Wave 3 peaks near RM3.30, we anticipate a temporary Wave 4 retracement before a final Wave 5 push towards the long-term target of RM3.81. This analysis focuses strictly on highlighting the motive sequence. Detailed updates regarding the subsequent corrective structures will only be provided once Wave 5 satisfies the end of its cycle and exhibits clear momentum divergence. Educational Disclaimer: This chart is for educational purposes and purely based on technical analysis, not a buy/sell call. All entries, stop-loss setups, and RRR are entirely subject to your own risk evaluation. The author assumes no responsibility for market volatility or potential third-party manipulation/pump-and-dump anomalies. Always DYOR.
MYX:MNHLDGLong
by sipuutseduut
SAMAIDEN - Looking for potential bullish momentumPrice currently close at 1.25 and above but near to Kumo. The cloud ahead looks slightly supportive, so the stock is in a transition zone, not a strong trend yet. Tenkan/Kijun appear compressed, which usually means consolidation and a potential breakout setup. The blue lines suggest a descending channel / bullish flag-like correction after the prior rise. Price is currently coiling near 1.25 inside the structure. This is a classic decision area: Break above channel resistance → continuation higher Break below channel support → pullback toward lower support Resistance: 1.28–1.30 Near-term support: 1.22–1.23 Deeper support: 1.15–1.16 Upside target if breakout holds: 1.35–1.40 Bullish setup Trigger: daily close above the descending channel / 1.28 Target 1: 1.32 Target 2: 1.35–1.40 Stop: below 1.22 Bearish / caution setup If price loses 1.22, the pattern weakens. Then watch for a move back toward 1.15 or the lower channel boundary. The chart is in a consolidation phase after a strong rebound, and sentiment remains cautiously bullish as long as RM1.15–1.20 support holds and price can eventually break above RM1.28–1.30. Notes: 1. Analysis for education purposes only 2. Trade at your own risk
MYX:SAMAIDENLong
by mg6112