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CARIMIN PETROLEUM BERHADCARIMIN PETROLEUM BERHADCARIMIN PETROLEUM BERHAD

CARIMIN PETROLEUM BERHAD

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CARIMIN trade ideas

CARIMIN Fast Turtle Buy - Potential Breakout above 0.775+Fast Turtle Buy with strong volume forming Bullish Morning Star Pattern + Near TRENDLINE support and bouncing off from Fibo retracement 0.382. +Managed to stay ABOVE ema50. (Bullish) +FiFT spike indicating BULL is recharge. +ATOM Buy pops-up for the first time after 1+ month. Plan :- Buy at pullback or around 0.725. Price need to stay above 0.725 Further buy if price breaks 0.775 Cut if price breaks TrendLine (Pink Line)
MYX:CARIMINLong
by kgiap123
CARIMIN trying to complete Cup & Handle PatternAfter complete "Cup shape" on 06 April 2020, CARIMIN make a long retrace which is most likely Falling Wedge as it's Handle. On First week of May 2020, CARIMIN already breakout it's Cup & Handle Pattern with strong gap-up movement and it is happen twice showing that CARIMIN will make come back. USOIL price also closed high on last Friday (08 May 2020) which is a good reason for CARIMIN to break a strong resistance point at 0.765cent. Once break this resistance, CARIMIN will fly to test next resistance at 0.955cent
MYX:CARIMINLong
by hasbullah1982
Oil news is out !Stocks that are going to focus on 12 May 2020, will be on the oil counter stocks which is CARIMIN is one of the favourable counter for me. Besides, there are a lot of the counter ; 1. Dayang 2. Hibiscus (Most active) 3. Uzma 4. Penergy 5. Serbadk ( So far i would not recommend this counter, wait for the pullback because of undervalue at current position. Need the price correction) The oil news it out ! It is showtime for the KLCI tommorow...Best of luck ! The oil price just hit highest prices for past of the months...means what ? Take a look of the price before month of April and compare to the current with the brent oil is $30/barrel ! Resistance 0.735 Support 0.69 TP1 = RM0.76 TP2 = RM0.82 Goodluck traders !
MYX:CARIMINShort
by Izzat_Azmi
Another opportunity for quick trade? Carimin (5257.kl)Stock code: 5257 Stock name: Carimin Petroleum Bhd Screener: 18LC for 4 Feb 2019 (www.tradevsa.com) Observation date: 5 Feb 2019 Section A Observation: a) Price & Volume: - Price: Narrow spread. - Volume: Low. b) Market Stage: - Accumulation stage (S1) between early Mar'18 - end Nov'18 (34 weeks). c) Trading Range: - Price trade within between 22sen & 35.5sen (Support 1 & 2). d) Resistance & Support: - Price tried to break Support 2 (then was Resistance) 2 times. - In Peak B (early Oct'18), vol. is higher than the Peak A (mid Apr'18). Remarks: - Based on the above observation, price is ready to enter into Markup stage (S2). Section B Observation: a) Price & Volume: - Price: Wide spread. - Volume: High (not climatic). b) Market Stage: - Markup stage (S2) from early Dec'18. c) Resistance & Support: - In Peak C (early Dec'18), price broke Support 2 (then was Resistance) with vol. higher than Peak B. - After that, price make a pullback above the Support 2 with low vol. This is a good SOS. - Price encounter UT and fall back to Support 2 line. Notice 2B reversal on 21 Dec'18. - Price eventually move up and make new high. This process repeat itself when it hit Support 4 (then Resistance). Remarks: - Based on the above observation, price already in full gear for S2. - Currently, price is retracing (pullback). If the pullback succeed, we will make an entry.
MYX:CARIMINEducation
by mdalifalwi
Looking for the next Buy Signal in Carimin Using 30 Minute ChartSmart Money still testing with low volume after high volume breakout bar in 30 minute. Low volume test bar is an action by Smart Money to ensure the supply is remove from the market before mark-up Send us your preference stock to review based on TradeVSA chart by comment at below. 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
MYX:CARIMINLong
by MartinTFWong
Carimin Break Above Resistance with High VolumeA 18 Line Change bar is a powerful signal that indicates the trend will reverse or continue in Mark-Up stage. High volume 18 Line Change bar show Smart Money ready to absorb the supply at the resistance and pushes the price above the resistance to lock the weak-hand holders from the left. Based on Carimin daily chart, Smart Money have re-accumulate during the pullback and ready to mark the price higher. The chart come with strong background with accumulation stage follow by mark-up. Looks for the next Sign of Strength near support to trade with lower risk. Based on hourly chart, Carimin formed a classic Volume Spread Analysis pattern with 4 narrow spread bars low volume just above support level. This is a good potential entry as the narrow bars after Line Change indicates Smart Money are testing the potential supply. If the bar come with low volume, mean it is a successful test. Send us your preference stock to review based on TradeVSA chart by comment at below. 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
MYX:CARIMINLong
by MartinTFWong
Carimin (5257.KL) to Form Re-Accumulation with Failed Up-ThrustCarimin daily chart shown 1st Sign of Weakness on 12 December 2018 after the breakout (18 Line Change signal) with +43% gained. We are expecting the stock to reverse after the Up-Thrust with high volume. The subsequent bars didn’t close lower and forming a narrow spread with low volume. Narrow spread bars with low volume is a sign of strength according to Volume Spread Analysis. Based on the current chart pattern, we notice Carimin is forming a re-accumulation stage. Smart Money tend to test potential seller or supply in this period. We’re expecting the price for Carimin to move sideways and form a shakeout bar (Spring) at the support level. Send us your preference stock to review based on TradeVSA chart by comment at below. 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
MYX:CARIMINLong
by MartinTFWong
Carimin (5257.KL) Showing Sign of Weakness with Up-ThrustThe Up-Thrust from Volume Spread Analysis is a money-making manoeuvre by the Smart Money to trap the unwary into buying. Prices are marked up at the open. High volume shows selling by the Smart Money while low volume shows their lack of interest in the upside. After you witnessed a sign of weakness (SOW), the next 2 to 3 bars are important as a confirmation of this weakness. Example of SoW we spotted in Carimin after a gained of +32% since the beginning of Mark-Up stage. The daily chart show there are distribution at the top with high volume. Lookout for Sell-Off bar with high volume as this is the confirmation of distribution by the Smart Money. Send us your preference stock to review based on TradeVSA chart by comment at below. 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
MYX:CARIMINEducation
by MartinTFWong