VCP SETUP CBIPStrong fundamental company.Last quarter shows significantly increase in earnings.Price has just breakout horizontal line with high volume.I think this might be the Leader of the group
CB Industrial Product Holding Bhd.
No trades
Market insights
CBIP Bullish Chart PatternFormed rounding bottom chart pattern and Breakout past the neckline area 1.45 with heavy volume. Potentially testing the next R 1.63 and 1.74 based on fibonacci projection and chart pattern x-to-x target.
Disclaimer: This is merely a study and not a buycall.
CBIPEntry Point support 1.31
Profit Target min 1.37
Stop Loss 1.28
#JerungDetector #DeepagiScreener #TAYOR
CBIP - Pre Consolidation BreakoutNO INVESTMENT ADVICE IS PROVIDED
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Please consider your own interpretation of Opportunity & Risk. The author of this post strictly follows the Malaysian Security Commission ( SC ) Guidelines on the prohibition of Investment Advice by unlicensed parties. Any examples shall use historical charts without any recommendations and not to cause inducement to the public to take action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives. The author will never provide any investment or trading advice as the activity of giving investment advice is likely to be considered as a regulated activity under the Capital Markets and Services Act 2007 ( CMSA ). All posts made in Tradingview do not include any communications involving providing recommendations or opinions or includes any material, content or any statement which are likely to induce a person to take any action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives that is likely to be considered as “advising others concerning securities or derivatives”. The author will not recklessly make any statement, promise or forecast that is misleading, false or deceptive to induce or attempt to induce another person to deal in securities or derivatives. None of information posted in post can be used as investment decisions. Do not trade solely on the information posted. Trade at your own risk and judgement. A trader could potentially lose all money. Only risk capital that can be lost without jeopardizing ones financial security of lifestyle. Please seek licensed professional guidance if you plan to invest your capital seriously.
CBIP- Recovery mode with rising on Chart PatternCBIP in recovery mode with nice double W shape and nice Cup & Handle pattern formed on weekly chart .
Moving average lines up nicely with short term MA trending up above the long term MA. RSI trending up and stochastic is bouncing off the oversold region.
Resistance level at 1.25 from confluence of MA corresponding to previous Support & Resistance
Next Resistance around 1.5 level
CBIP -Testing Up Trend Support line1. Price swing within up-trending channel.
2. Currently testing up-trending support lines
3. Potential renounce at support lines to test down-trending resistance.
4. Once break out- will test following resistances.
R1 - 0.97
R2 - 1.00
R3 - 1.10
CB Industrial ProductTrade ideas for this counter.
Entry when price return back to green zone with min SL and high reward.
TAYOR
CBIP 7076 - Downtrend breakout & cup and handleBreakout from major downtrend resistance line
Two consecutive higher lows
Recent completion of cup and handle formation will see further upside in near term
