SCOPE trade ideas
SCOPE IN VOLATILTY REVERSAL AT EW'S ABC CORRECTIVE ZONECan try SCOPE in volatility reversal at Elliott Waves' ABC corrective zone in daily time-frame. If seen in weekly time-frame, SCOPE appears to be reversing up from fibo786.
SCOPE BOPrice above EMA 20 moving toward EMA 50.
Stock rebound toward new downtrend line.
If bo, TP1 is 0.280 and TP2 is 0.310.
CL at 0.250. Quaterly report on the way.
Hoping for good news.
Trade at you own risk. Comment if you have different idea. Thank you for your time
SCOPE REBOUNDS FROM IMPULSE PULLBACKFrom a low of 0.195 on 28 June 2021 to a high of 0.470 on 11-12 Nov 2021, SCOPE retraced, consolidated and rebounds from EMA200 and Fibo618. Probable EP would be 0.305 to retest Fibo618 and the anticipated TP would be at 0.360 daily pivot point. The probable CL would be 0.285 (ie below recent swing low) or at 0.265 ie below S1.
SCOPE 28-09-202152WH
TP = as per TP01 Line
Support = as per Support Line
Stop Loss = as per Stop Loss Line
Scope to continue is journeyAfter it made its triangle breakout on 20th Oct,
Scope looks ready to continue its uptrend journey.
Scope had been making its Higher Low starting from July '21. We can see at the lower band line.
Currently:
1) Stoch %K is at 85 higher - I believe it will create an upward momentum further.
2) CCI reading on 25 Oct had climb from near 0 to 123 indicate that potential uptrend is intact.
3) Stoch RSI is climbing and no sign of peak at this time being indicate that momentum is getting stronger.
4) Macd is making golden cross on 26 Oct.
I anticipate that the price will continue to move upward to Low High Band (LH-line) follow with a minor pullback to LL-line before making its final stretch to Higher High Band (HH-line).
Discclaimer:
This is not a BUY or SELL call. This material is for educational purpose. Trade at your own risk.
My SCOPEI will hold until my CRAB complete.
Im using trailing stop every major support : 0.275 - 0310
#TAYOR MYX:SCOPE
Gaining Uptrend Momentum!SCOPE is still gaining an uptrend momentum. And the price is still within the upper-level Bollinger Band. Hence a good choice for a long-term strategy. Put in your WL and watch out for a significant price and volume movement.
R 0.390
S 0.340
CHEAT SETUP SCOPESector : industrial product.Historical not a good fundamental company,however there are significant increasing sales and profit for past 5quater report consecutively.Could be a turnaround company.Technically,just broke pivot point of cheat setup,with high volume
Fake breakout If continue go up after this fake breakout and breakout stand still above the resistance it will continue breakout next resistance and make new high of this year
Short-term view on SCOPE INDUSTRIES BERHAD Another penny stock that gaining uptrend momentum.
Scope share price experiencing continuous uptrend since August, starting with quite artificial price manipulation on august and now getting more natural. We expect natural uptrend to continue to few more weeks.
Forming high low, contracting volume with correcting, both of the good signs showing possible set up for strong rally.
Proper shake out done last week and able to close high on Friday.
84,000 lot traded at RM0.325 showing strong collection.
Nevertheless, closing price RM0.335 only traded 25,000 lots and hence we should expect little churning before strong rally.
Watch closely for entry point set up RM0.345/RM0.35
The HUAT counter SCOPE, the next QES???TA
Brief explanation for the indicator in second panel 2,
RED bar = LONG
GREEN bar = SHORT
Purple line = LONG
GREEN line = SHORT
As of today (11th JULY 2021), RM0.255
Red bar able to stand above the Purple line = GOOD SIGN
FA
- Main nature of business involves = Electronic Manufacturing Services (EMS), Printed Circuit Board (PCB) =67% of group
- Major shareholder = INVENTEC APPLIANCES CORP (emerged during 2019)
- A Turnaround company. They have been recording profit since year 2021, due to better performance from their EMS Segment, with higher volume sold
- Net Cash Company with 2sen/share.
- Corporate Exercise: Subscription price = RM0.175. Tentative listing date for the subscribed rights share = 27 th July.
DISCLAIMER: This post serves as an educational analysis and is never meant to be a buy/sell call or recommendation. Please do not “don't ask, just enter” .Investors must always do their own due diligence before making any investment decisions. The author of this post is not liable in any way for any decisions made by any individual.
Break Out signal for SCOPE?With recent significant price and volume in yesterday, trading make SCOPE in Break Out (BO) signal where is close above the top BB. Now, can SCOPE continue the momentum this week? If the price is can hit R 0.375 then it will be the long position for everyone.
R 0.375
S 0.325
Trading Idea SCOPE (19/7/2021) Trading Idea SCOPE (19/7/2021)
- Potential upward with positive momentum towards next resistance.
- Support and resistance as drawn
Disclaimer: This trading idea is strictly intended for educational purposes only so please do your own analysis before making any investment decision.
Scope is ready to Breakout from pullbackScope had finished it's double bottom formation on 6th July 2021 after it had created 2nd bottom 29 June.
Currently it is in pullback situation when it reached back to its neckline.
I am anticipate that the pullback has finished today or will in next 2 days period. This has to be verifiy with when buying pressure to kicks into.
Currently:
1) Today had shown a bit of buying volume coming in.
2). Closed above MA20 line.
3) RSI also is pointing upward which inversed price moving trend previously.
There might be reversal starting today or in 2 days period.
Disclaimer: This is not a Buy / Sell call. This analysis is for learning purpose only.
Scope updated EW countingRetracement of intermediate wave 2 (ABC flat corrective wave) has reached 161% of wave A.
Scope - make new highBased on the trend line, scope has rebounded at the trendline and now will making new high. Volume entry was nice a 5 Feb 2021.
Red line = expected to Break previous Peak and making small Pullback before going up for a new high.
Green line = BO without making PB
SCOPE: Breakout!Break its key Resistance @0.220 and volume looks strong today. Just halfday, volume is much higher than previous volumes. Next UMA?
SCOPE: Will it head in the direction we want?After bouncing off the trend line seems like it is facing upwards again, possible might be heading for better heights as it's been bouncing off the strong trendline for some time.
