SAPNRG trade ideas
Forecast MYX:ICONHarga bergerak di dalam ‘consolidation phase’ yang mana membentuk ‘bearish flag pattern’. Secara teori-nya, harga akan menuju ke bawah.
Walau bagaimanapun, ini adalah analisis peribadi penulis. Sila berdagang mengikut pelan dagangan anda.
Trade at your own risk .
SAPURA ENERGY DKaunter ini sesuai untuk dijadikan invest meskipun belum bergerak kerana terdapat sentimen covid19. Sekiranya vaksin sudah lulus dan selamat digunakan pasti kaunter ini dan kaunter2 minyak yang lain akan bergerak. Line putih boleh dijadikan TP.
HAKIMI SNR PRACTICE - SAPNRG Volume banyak 21/9/20. Meletupkah?Kita perhati rapat minggu ini (21-25 Sep 2020)
EP 0.115
SL : 0.100
TP : 0.145
TP : 0.175
THINK LIKE A BIG TRADER NOT PUBLIC PARTICIPANTAs expected, price already closed the gap and breakthrough ascending triangle pattern after a very long choppy market. We can see strong bullish momentum right now as the buyer starting to participate in the market. What we need to do is to wait the price retrace back to the previous breakout pattern as a confirmation to buy entry. I forecasted the price will continue with bullish momentum until it reach 2.618 Fibo level which the next significant support & resistance level. Just be patient and watch closely the price action to buy zone entry.
SAPNRG - Point of Control Aligned with Key Level SupportOpportunity and Risk
Green Arrow (Transparency = 0) = Representing Opportunity
Red Arrow (Transparency = 0) = Representing Risk
Green Arrow (Transparency = 30%) = Representing Secondary View for Opportunity, or less probable outcomes
Red Arrow (Transparency = 30%) = Representing Secondary View for Risk, or less probable outcomes
DISCLAIMER: This analysis is for educational and informational purposes only. It is based on my personal view in the market from a technical standpoint. None of information posted in this page can be used as investment decisions except for educational purpose only. Do not trade solely on the information posted in this page. 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.
PENAFIAN: Analysis ini hanyalah untuk tujuan pembelajaran & pendidikan sahaja dan bukan cadangan untuk membeli atau menjual stok atau apa jua jenis instrumen kewangan. Anda dinasihatkan untuk menghubungi remieser / dealer / bank pelaburan yang mempunyai lesen atau kelayakan yang sah untuk bertanyakan pendapat dan menguruskan pelaburan anda. Pelaburan dan perdagangan mempunyai risiko tinggi, dan ianya adalah Risiko Anda Sendiri.
QUICK REVIEWMarket still ranging and consolidate. However, if the price break the support level, might be it will drop to previous lowest low @ RM 0.06. We can see this counter is not so favorable at the moment as the volatility very low for the past few weeks. I'm watching closely to entry buy if the price break the next resistance level. For now, we just need to be patient and monitor the price action. Happy trading!
SAPURA ENERGY BERHADExpected market will continue bearish for this week and retest the previous lower low and expected will will rebound at support zone before start bullish until end of this month.
Need to wait for confirmation this week
WAITING FOR BREAKOUT CONFIRMATIONJust a simple analysis for this oil counter. I'm still bullish with this counter because on the technical side we can see the price compressing to complete Ascending Triangle pattern. On top of that, we have the internal pattern of Double Bottom which I think strong signal for price reversal. I just roughly forecast the movement of the price by using Fibonacci, however, it is not quite accurate for now since we still waiting for candle to breakout at resistance line. It is not recommended to place an entry now since we don't have any confirmation. In addition on the fundamental side, Sapura Energy recently has been awarded new contracts for its Engineering and Construction (E&C) division, with a combined value of approximately RM766 million. Even though the company struggling to combat with the pandemic which most affected in O&G industry, yet they still secures new wins contract worth millions.
Sapura Energy - Playing the Oil ReboundI don't really care about Sapura going back to above 1 Ringgit, I am very skeptical. Regardless, going to play in this oil rebound.
Only short term, I don't have high expectations on oil and gas.
I am expecting it to fill the gap and go to maybe around 20 cent ish.
Target LONGTarget long for Sapura as prince unable to break lower low previously , and aim for long until nearest resistant at H4 tf
SAPNRG - Long (T+2 trade)With Break up volume
(Disclaimer: for demonstrate planned trade records study only, not for recommend to buy or sell)
POTENTIAL LONG FOR OIL COUNTER (MYX:SAPRNG)Potential double bottom and might be close the gap if break resistance level MYR 0.115. We can chip in long or wait until the price break the resistance and make pullback to the breakout pattern.
SAPURA ENERGYPrice is above middle bollinger band and suggested an uptrend. Is't the bottom price have been reached? We will wait and see some fundamental aspect for oil and gas this week to ensure this forecasting will move according to plan for next few months.
Weekly Resistant: 0.125
Weekly Support: 0.085
Pivot point: 0.1
