Short Term (Contra Trade) : Naim
1) Market Outlook - Global Market (green), KLCI (green), WTI (green), Brent (green) ~ Friday (12/4) closing
2) Sector Index - Construction (red), Energy (red), FMBSCAP (green) - Friday (12/4) closing
3) Technical Analysis - Consolidation is almost over from the reducing volume, I am aiming for a bounce off resistance 1.12 for a shorter term trade
4) Fundamental Analysis - Strong fundamentals w/ 2 consecutive profiting quarters and bullish sectors (oil + construction), mid term trade is feasible with next quarterly report in end of May 2019
Entry - 1.12 (risk to reward : 3.36)
Exit - 1.255 (12% gain)
Stop Loss - 1.08 w/ high volume (-3.57% loss)
2) Sector Index - Construction (red), Energy (red), FMBSCAP (green) - Friday (12/4) closing
3) Technical Analysis - Consolidation is almost over from the reducing volume, I am aiming for a bounce off resistance 1.12 for a shorter term trade
4) Fundamental Analysis - Strong fundamentals w/ 2 consecutive profiting quarters and bullish sectors (oil + construction), mid term trade is feasible with next quarterly report in end of May 2019
Entry - 1.12 (risk to reward : 3.36)
Exit - 1.255 (12% gain)
Stop Loss - 1.08 w/ high volume (-3.57% loss)
Dagangan ditutup: hentian tercapai:
Stop loss reached due to KLCI bearish