A Shakeout (Spring) near Support Level – Serba Dinamik (5279.KL)

10 באוק׳ 2018

Serba Dinamik still offering a good setup pattern despite KLSE dropped -2.2% today. Notice how smart money buy at the support level and tried to shakeout the weak-hand holders on 9 October 2018. We have spotted a Spring bar and subsequently price close high on the next day. This is an indication of a successful shakeout and removing the supply in the market.

Below are the signals based on the background of Serba Dinamik chart:

1. A strong background in the Mark-Up stages since Feb 2017

2. A long accumulation happened from Jan 2018 to July 2018 indicates smart money are absorbing the supply. This is confirm the Line Change bar on 25 July 2018 by locking up all the potential seller in the market.

3. 2 months of accumulation happened again (End of July to End of September 2018) with another confirmation of Line Change with high volume on 2 October 2018

4. Smart Money have locked up the seller with 2 Line Change bars

5. Lots of Sign of Strength in the background with Spring (SP) and Test (T) before the Line Change

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.