KUCHAI SWING TRADE SETUP - MOMENTUM TRADINGPros
1. Near 52 weeks new high, 7% below 52 weeks high
2. Price above 10 & 20MA, 10MA above 20MA
3. Low volume pullback to previous resistance
4. Previous resistance, 10 & 20 MA as support
5. Double bottom setup
Cons
1. Low volume stock, risk of gap
Buy on price and volume increase
AGX, below IPO price.Listed since February. Currently below IPO price.
>> Price below Hull MA
>> Oversold counter
Didn't see any strong reversal. Either skip or monitor if interested into this counter.
When a stock / index has gone up substantially, we must be more care if we decide to get involve in it...
monitor closely and be agile....
we cannot PREDICT what definitely will happen ~ we can only RESPONSE to what we see!
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein.
PRESTAR, protect downside >> Price blow Hull MA
>> Broken support and EMA 20.
>> Dropped more than -12% from 0.545
>> Stochastic oversold.
Collect cheap? Nope. I will wait for stronger reversal signal. Or else just let it find the bottom.
Beginner traders: Looking to buy at bottom and sell at top
Profitable traders: Looking for high probability moves while covering their bottom
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein.
PRICE IN RETRACEMENT, WAITING FOR A POSITIVE SIGNCurrently, the Moving Averages (9 and 21) maintain a downward slope, signaling a bearish trend. The price action in the H4 timeframe corresponds to the Fair Value Gap (FVG) zone, indicating a critical area for potential market movement. To initiate a bullish trajectory, a decisive breakthrough of the FVG zone is necessary.
Additionally, the strength indicator, ADX DI, suggests seller dominance in the market with moderate strength. Observing for a potential crossover of DI+ over DI- could offer further insight into market dynamics.
Disclaimer: Please note that the information provided herein is for educational and informational purposes only. It is not intended as financial advice, and no investment decision should be made solely based on this content. Any actions taken in the financial markets are undertaken at your own risk. Always consult with a qualified financial advisor or investment professional before making any investment decisions.
PMHLDG Rebound from ConsolidationWe can see from the chart the stock has fallen from 52wh and consolidate. Then, the price is contracted from 39.48% to 7.86% starting from 13 March 2024 until 18 April 2024 with low volume. Today (19 April 2024), the price break the resistance with a volume. This can be a sign of rebound for the stock.
CCK CONTINUE MARK UPMy previous hypothesis still remained valid
Latest price action, from my POV is that, it is re-accmulating (Step Stone)
I am attracted to the bar on 27/2/24
-this is what wyckoffian termed as CO Rotation (Changing of Hands)
Position Re- initiated as attached since last i sold it
-Absolute pure wyckoff-
PBA, this support area strong for rebound?>> currently at support area @ 1.81
>> Need to breakout 1.91 to go higher.
>> Qr around 24 May. Possible to push up before QR?
>> RSI at oversold with some movement.
When the market moves where, and how, and if - these are all unknown. The only thing which we can control is our risk. Focus on risk management!
Keep the long term vision.
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein.
EDUSPEC 2024 - Venturing into 5G TestingIt reached a high of RM0.150, now pulling back abit.
It won 2 consecutives 5G testing contracts (RM10 million & RM30million) from EG industries subsidiary (SMTT), and last few days it was announced that EG's boss Dato Alex Kang is now quite a substantial shareholder in Eduspec. (5.103% direct, 7.01% indirect holdings).
Wonder what will be the profit margin for those 5G contracts?? Hmm..anyone know?
Disclaimer:
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock.
ABLEGLOB SHORT TERMI bought this yesterday, my purpose for this post , is that i want to share & help especially to those newbies & amateur. I was so busy that i was unable to post it until today
(i am also a newbie+amateur. please do not believe anything i posted/share)
i decided to initiate the position in view of Absorption ( As attched)
Absorption is a term, in a way that the big boys AKA composite man , absorbing incoming supply from the weak money
Absolute pure wyckoff , nothing else
$KLSE-INFOTEC: Intrinsic Value (based on IMPEGFS) INDEX:KLSE -INFOTEC
Integrated Magic PEG Formula Scores (IMPEGFS) @ Quoted Stock Price RM 0.81 (the higher the better)
= √
= √
= 2.8400426922
Intrinsic Value (based on IMPEGFS)
= IMPEGFS × Quoted Stock Price
= 2.8400426922 × 0.81
= 2.8400426922 × 0.81
= RM 2.30
or
= √ × EPS
= √(58.85×32) × 0.053
= RM 2.30
$KLSE-INFOTEC: EV/EBIT ÷ EBIT Growth Ratio @ RM0.81 @ FYE2023 FRINDEX:KLSE -INFOTEC
EV/EBIT ÷ EBIT Growth Ratio @ RM0.81 @ FYE2023 FR Result
EV @ RM0.81
= 0.81×363,229+389+119+407+107-10,780-8,445
= 276,012.49
EBIT
= 25,792+38
= 25,830
EV/EBIT
= 276,012.49÷25,830
= 10.6857332559
EBIT Growth
= 100×(25,830÷16,683-1)
= 54.8282682971%
EV/EBIT ÷ EBIT Growth Ratio @ RM0.81 @ FYE2023 FR Result
= 10.6857332559÷54.8282682971
= 0.194894597 extremely undervalued
Thought on Joel Greenblatt's ROIC:E/P approachINDEX:KLSE -INFOTEC
youtu.be/GUV3GHUePRk?si=lHLAJSyDMlfbbbzb
Joel Greenblatt has decrypted the secret of valuation, that there are 2 ultimate variables in determining the intrinsic value, namely ROIC (Return on Invested Capital) and E/P (the inverse is P/E).
This insight is in line with the essences enshrined in Warren Buffett and Charlie Munger's valuation mental models :
1. “Investors should remember their scorecard isn't computed using the Olympic-diving method:
Degree-of-difficulty doesn’t count.
If you're right abt a business whose value is largely dependent on a single key factor that is both easy to understand & enduring, the payoff is the same as if you should correctly analyze an investment alternative characterized by many constantly shifting & complex variables.
- Warren Buffett -
2. “The higher return a business can earn on its capital, the more cash it can produce, the more value is created. Over time, it is hard for investors to earn returns that are much higher than the underlying business’ return on invested capital.”
- Warren Buffett -
3. “Over the long term, it’s hard for a stock to earn a much better return than the business which underlies it earns. If the business earns six percent on capital over forty years and you hold it for that forty years, you’re not going to make much difference than a six percent return – even if you originally buy it at a huge discount. Conversely, if a business earns eighteen percent on capital over twenty or thirty years, even if you pay an expensive looking price, you’ll end up with one hell of a result.”
- Charlie Munger -
Which approach do you prefer?
Joel Greenblatt's ROIC:E/P approach or Peter Lynch's PEG approach?
Is it possible to merge Joel Greenblatt's ROIC:E/P approach and Peter Lynch's PEG approach into a single formula?
Kindly figure it out, it's worth to do so.