Candlestick & Breakout Patterns
AEMULUS Symmetrical Triangle Breakout With Volume Analysis
Ming Jong Tey
Publish date: Wed, 05 Jul 2017, 04:14 PM
Ming Jong Tey
0 68
Understand the psychology behind the candlestick & breakout pattern will give you an edge to realize why the market does what it does and anticipate opportunities before they happen!
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AEMULUS (0181): Bullish
Pattern: Symmetrical Triangle Breakout
As seen on AEMULUS's daily chart above, AEMULUS has formed a nice uptrend since mid of December 2016. It shot to 0.55 in May and since then consolidated via a triangle pattern. It is worth to note that AEMULUS's volume has been decreasing when consolidating within the triangle, which represents a healthy consolidation.
In the afternoon today, AEMULUS broke out from the triangle with strong volume. Though profit taking activities are seen after the breakout, the volume flow is healthy. Hence it is expected bullish up legs are intact for AEMULUS.
Based on the pattern projection, the immediate target prices for AEMULUS are 0.61 and 0.65.
I am bullish on AEMULUS when it is above 0.46.
Leave me a comment below and let me know what you think. If you have any queries or want to share the next big stock with me, feel free to contact me via my email or FB page below.
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Ming Jong
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Discussions
Be the first to like this. Showing 11 of 11 comments
@musangfoxking lol...not my call. Do your own due diligence. Make sure you have a trading plan (i.e. when to get out when it goes against you) and are comfortable with the reward/risk
2017-07-05 17:00
if i buy now, it will be my 2nd transaction!!! few mths ago, bot at 0.265 n sold at 0.35!!!! thinking of buying back n hold longer!!! will see can get ard < 0.50!!!!
2017-07-05 20:10
@musangfoxking Congratulation! Nice ROI for your first round. If you trail your stop for your first round will increase your ROI :)
2017-07-05 20:27
Musang u lombak来, lombak 去
How can be a billionaire 哦
Better like me, staying put and play my Rooster EGgs ..kikiki
2017-07-05 20:32
@musangfoxking Yes for Khazanah (15%), second largest shareholder. Not sure about Danahartanah.
2017-07-05 20:44
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musangfoxking
Mr Min, shud i buy?
2017-07-05 16:49