BIMB Short Selling at 2.67It will fall below 2.63. Profit fall for 3 conservative years. PE at 10.34. Volume drop indicated.
Bank Islam Malaysia Bhd.
No trades
Market insights
BIMB, undervalue in valuationSeveral indicators within my algorithmic system are signaling a potential uptrend. These include:
- Increased volume: Activity is picking up, suggesting growing interest and potential momentum.
- Mid- to long-term uptrend: Both the 50-day and 150-day exponential moving averages are pointing upward, indicating a sustained positive trajectory.
These factors collectively point towards the possibility of an upward movement in the near future.
A Divergence Pattern!The candlestick pattern indicates a divergence signal due to effort from new buyers in the stock with results in the volume. Where the volume is continuously above the MA line.
MACD and RSI indicators are positive signals, hence, confirming the price towards the next peak resistance.
The resistance and support channel is useful as a guideline for entering the price.
Let's save BIMB in WL and watch out for signification price movement with results in volume.
R 2.05, 2.25,
S 1.70
BIMB. Chart tell everything not fundamental/news. 31/May/23Beside price. Chart consists of time + plus “speed = force”..Chart’s price “moved” based on “imbalance” of supply/demand where supply/demand “triggered” due to each stock’s “popularity” “shifts” according to Cycle/time and how “hi/Lo” the price.. “fundamental factors ”. ONLY came after "policy maker." adjust their "products/service/policy" according to market "supply/demand"...
BIMB SPOTTED IN RECTAGLE FORMATIONBIMB spotted in rectangle for formation with berish bat harmonic pattern. Potential swing trade as per chart.
Bimb share placement impactPrice potential retrace at fibo 0.5. To monitor for entry. Good company for invest
BIMB - DESCENDING TRIANGLEBIMB just recently made a breakout of descending triangle.
Please leave a like and comment if this helpful to you :)
BIMBFighting between two strong hands. The winner will be the one with the most shares in their hands.
Successful tertiary test will confirm possible phase C for accumulation phase.
Banking Theme: MYX:BIMB Retraced at 0.382 Fibonacci LevelBIMB retraced at both 0.382 Fibonacci level and support of EMA 50. 14-day positive DMI crossed over negative 14-day DMI with ADX level above 20
#TAYOR
Bullish BreakoutBIMB has recently closed above resistance at 3.80 preceded by a Golden cross, significant move above downtrend line and a valid double bottom which confirmed a trend change from May 2019 collapse. Technically, it will continue rising higher to the next resistance, coincide Fibonacci target 1.618 at 4.45.
Minimum target 4.45
Exit - Close below 3.0
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
BIMB ready to breakout?BIMB seems to be coming out of sideway range. Let's see what the market says.
bimb dilihat mampu membuat kenaikan yang baikmoving averange 20 telah menyentuh dah mempunyai support yg dilihat stabil mampu memberi pulangan yang optimal
Riding up the trending up turning point?price is on the support level..good risk and reward ration. anticipating a move up to retest high of previous umpulse leg.
BIMB retraces to previous neckline DBExpecting a pull back to previous neckline. PO buy limit at neckline area
