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KPOWER

KPOWER - shows Sign of Reversal Initial glance in daily chart shows this counter formed descending triangle chart pattern which is bad - continuous bearish trend. But in smaller time frame 1H chart, it actually formed symmetrical triangle to which it can potentially break out from its trend line resistance and thus reverse its bearish trend. Heightened banker activities started from 19 February 2021. This counter is rumoured to be involved in solar projects. Disclaimer: Trade at your own risk.
K
by jonshlim
5
KPOWER - bull flag pattern, waiting for retracementIn H1, we observed a bull flag pattern entering area of value 38.2%-61.8%. We expect a retracement would happen around this area and continue upside towards 3.05 or further. RSI, MACD, Stochastic still didn’t show any sign of tracement yet. This would be invalidated if price break support 2.47 (-8.5%) which indicates a stronger pullback. Speed: Fast with 124M shares float (27.5% float of 452M shares), Sentimen: Biden’s #Inauguration2021 TAYOR
KLong
by sothye
TREND EXPERIMENT: IS KPOWER A SUPER PERFORMANCE STOCK?Well, this is the very 1st time I'm posting here (also acting as my own practical notes). *Premium account tu sebab aku tersalah beli, cost me few millions, sekian. (No way a pro in this field, just yet!) Simple revision based on: 1) William J O'niel's How To Make Money In Stocks. 2) Mark Minervini's Trade Like A Stock Market Wizard. 3) Simply Wall St website: Do Subscribe although a bit expensive. This would give you a diagramatic presentations which is super simple to understand. 4) MalaysiaStock.Biz Why do I choose this particular counter? I have made 18% and pulled out too early knowing that if I still keep it till today, I could have easily made almost 50% gain in capital and made few billions like Bezzos within 30 days. Lesson learnt, be fear not if the company adheres strongly to the FA + TA + CA = "Trend is your friend" says the great investor Marty Zweig. FA: Fundamentals (CAN SLIM) C- Current QR reports have been showing super profitability for past 4Q. Yesterday's announcement 30/11/2020 of QR could be a huge catalyst. A- Annual Report shows outstanding profits YoY N- Previous business based on retail goods, which later ventured into Constructions and Clean Energy (now on huge trend globally) + New big boss appointed on last November 2019 + New Q121 profit + YoY profit 759% + secured multiple projects globally for past 1 year mainly on energy plants + Ex dividend date 8/12/2020 & Pay date on 23/12/2020. S- Supply Demands +++ L- Leader in its sectors? OTW I- Tokyo Marines, Allianz, AIA, NORGES BANK, UOB-OSK, Affin Hwang, Barklays Bank, Maybank Investment. LET EM' SHARKS IN! M- Market? Uptrend and following current global needs for green energy. TA; Finding a possible super performance stock criteria based on his "Trend Template". I find this company chart fits most of it. 1) Phase: In Stage 2/ Uptrend/ Accumulation Phase 2) Current stock price trading above MA50,150,200. GREAT! 3) Current stock price at least 30% above its 52WL (could be more before emerging as consolidation period) 4) Current stock price is at least within 25% of it's 52WH; in this case (on 12/1/2020) it's nearing peak! 5) 150MA >200MA 6) 200MA in uptrend for past 4-5 months (minimum 1 month) 7) Relative Strength is no less than 70, preferably 80s or 90s TRADING PLAN: 2 WEEKS SWING All seems good for this counter? cashed in on 30/11/2020 at EP: 4.830 x ????units COST: RM ?????.00 SL10%/ 4.35 / -RM??? TP8%/ 5.2 / +RM??? TP10%/ 5.3 / +RM???? TP15%/ 5.55 / +RM????? OR Follow trend for 2 weeks and take profit. EXTRAS: VALUATION (based on Simply Wall St) Fair value of the stock price is at RM10.22 compared to current price RM4.84.
K
by TH_K