Observation:
a) Market Stages:
- Stock is currently in the beginning of Stage 2 (Mark-Up).
b) Trend Line:
- Price traded sideways nearly 4 weeks before moving up, turning Resistance into Support.
c) Price & Volume:
- Price spread is small with very low volume during its sideway move.
- High vol. came when it broke the Resistance, currently turning it into support.
Based on observation, currently price is making a pullback with low volume.
Every trade is 50-50 since no one can predict market movement.
If entry is made, my trading plan would be as follows:
Entry Price: 63.5 sen
Stop Loss: 59.5 sen
Profit Target: 67.0 sen
a) Market Stages:
- Stock is currently in the beginning of Stage 2 (Mark-Up).
b) Trend Line:
- Price traded sideways nearly 4 weeks before moving up, turning Resistance into Support.
c) Price & Volume:
- Price spread is small with very low volume during its sideway move.
- High vol. came when it broke the Resistance, currently turning it into support.
Based on observation, currently price is making a pullback with low volume.
Every trade is 50-50 since no one can predict market movement.
If entry is made, my trading plan would be as follows:
Entry Price: 63.5 sen
Stop Loss: 59.5 sen
Profit Target: 67.0 sen
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.