I've been tracking GAMUDA closely on the 30-minute timeframe, and this setup caught my attention due to the confluence of technical signals pointing towards a potential short-term breakout continuation.
Trend Context:
Price is moving within a well-defined ascending parallel regression trend channel. Recently, it rebounded strongly off the lower channel boundary, respecting the channel support before accelerating toward the upper range.
Bollinger Band Action:
The price is currently riding along the upper Bollinger Band, a sign of a trend-strengthening move. This expansion typically signals momentum continuation, especially when supported by volume and broader trend alignment.
Momentum Signals:
RSI is pushing into overbought territory (>70), which in the context of a breakout and strong trend, may indicate strength rather than reversal.
MACD shows a bullish crossover with both lines trending upward, confirming ongoing momentum.
Volume Confirmation:
Volume has been gradually increasing on up candles—suggesting participation and interest in the bullish move.
Resistance & Breakout Area:
The price just cleared a minor horizontal resistance at 5.13, confirming a micro breakout within the channel.
Trade Idea:
Entry Zone: Between RM 5.26 – RM 5.30 (current market area, post breakout)
Profit Target 1: RM 5.38 (near upper channel resistance)
Profit Target 2: RM 5.45 (projected breakout extension)
Stop Loss: RM 5.13 (below recent structure support and mid-channel zone)
This setup offers a favorable RRR (Risk-Reward Ratio) if entered near the current breakout region and managed closely.
Key Takeaways:
Timeframe: 30-minute
Trade Type: Momentum breakout within ascending trend channel
Indicators Used: Bollinger Bands, RSI, MACD
Strategy: Buy on strength with tight stop-loss; ride the channel
Disclaimer: This analysis is shared for educational purposes and is a personal chartist idea. It is not a buy/sell recommendation. Please manage your own risk and do your due diligence.
Trend Context:
Price is moving within a well-defined ascending parallel regression trend channel. Recently, it rebounded strongly off the lower channel boundary, respecting the channel support before accelerating toward the upper range.
Bollinger Band Action:
The price is currently riding along the upper Bollinger Band, a sign of a trend-strengthening move. This expansion typically signals momentum continuation, especially when supported by volume and broader trend alignment.
Momentum Signals:
RSI is pushing into overbought territory (>70), which in the context of a breakout and strong trend, may indicate strength rather than reversal.
MACD shows a bullish crossover with both lines trending upward, confirming ongoing momentum.
Volume Confirmation:
Volume has been gradually increasing on up candles—suggesting participation and interest in the bullish move.
Resistance & Breakout Area:
The price just cleared a minor horizontal resistance at 5.13, confirming a micro breakout within the channel.
Trade Idea:
Entry Zone: Between RM 5.26 – RM 5.30 (current market area, post breakout)
Profit Target 1: RM 5.38 (near upper channel resistance)
Profit Target 2: RM 5.45 (projected breakout extension)
Stop Loss: RM 5.13 (below recent structure support and mid-channel zone)
This setup offers a favorable RRR (Risk-Reward Ratio) if entered near the current breakout region and managed closely.
Key Takeaways:
Timeframe: 30-minute
Trade Type: Momentum breakout within ascending trend channel
Indicators Used: Bollinger Bands, RSI, MACD
Strategy: Buy on strength with tight stop-loss; ride the channel
Disclaimer: This analysis is shared for educational purposes and is a personal chartist idea. It is not a buy/sell recommendation. Please manage your own risk and do your due diligence.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.