Uptrend is back for the mid-termTWSE:3008 saw a strong bullish recovery after it remain supported above the steady uptrend line which started since May 2022. Above all, the stock has also cleared above the overhead resistance and recent elevation above the Ichimoku's kumo further cement the bullish trend. As such, we are looking at a potential continuation ahead beyond 2,800.
Momentum wise suggest a strong recovery in the long-term MACD and Mid-term stochastic. Directional movement index confirms the bullish strength.
Clear bullish rebound at the bottom, potential triple bottomTWSE:3037 is looking at a strong potential rebound to the upside after prices breaks and filled above the 2 bearish gap on two different occasion. With the ichimoku showing two out of three bullish crossover, the stock is poised to rise further. To add on, the rise today was supported by strong rising volume. Breaking above 170 in the near future will cement the strong upside to come.
Stochastic oscillator has shown an oversold crossover and 23-period ROC has risen above the zero line.
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Strong bullish reversal TWSE:3481
1. Innolux has been on a strong downtrend for 3 years but recent break out of the downtrend has halted the selling. Current mid to long-term trend remain rangebound. Short-term trend (2 months) is likely to see a comeback and continued upside as the stock has gapped up above the overhead resistance and the short-term range between 13.00-14.40.
2. Momentum indicator is showing strong bullish pressure and MACD is showing strong signs of reversal. Ichimoku is showing strong signs
Accumulation done, now is resuming the upsideTWSE:2883 China Development Financial Holdings has completed the accumulation from 21 Oct 22 to 14 Mar 24, a sign of bullish recovery. Current price action saw a strong break out of the ascending triangle with strong volume and is likely to continue higher. Prices are also trending above all ichimoku indicator. Long-term MACD remain bullish.
Hence, we are buying at 14.70 and 13.10 with a TP at 20.00
Largan precision - Early bullish reversal confirmedTWSE:3008 Largan Precision is looking at a potential continuation of the upside after Ichimoku shows 2 out of three bullish crossover and price action shows 1) Double bottom confirmed and 2) The breakout of the 3-wave corrective channel, which suggest larger bullish continuation.
Hence, we are long on Largan with a buy at 2,385 and 2nd buy limit at 2,205. Target price is at 2,915 over the mid-term. Long-term is at 3,000.
Buying on more more round of strong distribution up AKA UTADTPEX:3071 ADDA Corp is looking at a strong potential of upside after the stock forms a large cup and handle base. Furthermore, the stock is well intact within the long-term uptrend of 4 years. Traders could accumulate at spot at 41.40 or allocate some at 36.75 support level. Target over the long-term is 60.00























