Here’s a **detailed analysis** of the Marine Electricals Ltd. chart you shared:
---
### **Chart Pattern & Setup:**
✅ **VCP Pattern**:
* Well-formed **VCP *218 ** level, as indicated.
---
### **Measured Move & Target:**
* Depth of cup = **78.78 ** (\~36.12% move).
* **Target after breakout:**
Breakout Level (218) + Depth (78.78) = 296.90
---
### **Volume Confirmation:**
✅ Huge surge in volume on breakout day, reinforcing the bullish breakout.
✅ Volume expansion is above moving average, a positive sign.
---
### **Key Technical Levels:**
* **Breakout level:** 218
* **Current price:** 236.17
* **Resistance/Target:** 296.90
* **Support:** 218 (former resistance now turned support).
---
### **Momentum & Indicators:**
✅ All key EMAs (8, 21, 55, 144) are upward sloping – confirming a **bullish trend**.
✅ Fundamental earnings data show significant YoY growth – another positive factor.
---
### **Trade Idea & Risk Management:**
📈 The breakout suggests a target of **\~296 **.
📉 A close below **218 ** would invalidate the pattern—consider this as a stop-loss level for risk management.
---
### **Chart Pattern & Setup:**
✅ **VCP Pattern**:
* Well-formed **VCP *218 ** level, as indicated.
---
### **Measured Move & Target:**
* Depth of cup = **78.78 ** (\~36.12% move).
* **Target after breakout:**
Breakout Level (218) + Depth (78.78) = 296.90
---
### **Volume Confirmation:**
✅ Huge surge in volume on breakout day, reinforcing the bullish breakout.
✅ Volume expansion is above moving average, a positive sign.
---
### **Key Technical Levels:**
* **Breakout level:** 218
* **Current price:** 236.17
* **Resistance/Target:** 296.90
* **Support:** 218 (former resistance now turned support).
---
### **Momentum & Indicators:**
✅ All key EMAs (8, 21, 55, 144) are upward sloping – confirming a **bullish trend**.
✅ Fundamental earnings data show significant YoY growth – another positive factor.
---
### **Trade Idea & Risk Management:**
📈 The breakout suggests a target of **\~296 **.
📉 A close below **218 ** would invalidate the pattern—consider this as a stop-loss level for risk management.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.