Strategy
-Short Term Trade.
-Price entry at 2.32 or below with Stop Loss set at 2.15.
-Attractive Risk Reward.
-Malaysia MCO expected to end on 09th June 2020.
-Prime Minister expected to announce the by coming week (1st week of June).
-Genting Malaysia expected to reopen its business upon announcement by PM.
-Details of MCO announcement whether it allow to reopen the business is crucial in determine the share price.
-If the news is positive, the price is most likely to break resistance level of 2.41.
-Its for short term trade as the coming quarter result will be even worst than the 1st quarter of 2020.
Technical Analysis
-Resistance level at 2.41.
-Support level at 2.23.
-Consolidating price movement (many are collecting).
-Price bearish percentage are keep on thinning showing the sellers are reducing.
-Short Term Trade.
-Price entry at 2.32 or below with Stop Loss set at 2.15.
-Attractive Risk Reward.
-Malaysia MCO expected to end on 09th June 2020.
-Prime Minister expected to announce the by coming week (1st week of June).
-Genting Malaysia expected to reopen its business upon announcement by PM.
-Details of MCO announcement whether it allow to reopen the business is crucial in determine the share price.
-If the news is positive, the price is most likely to break resistance level of 2.41.
-Its for short term trade as the coming quarter result will be even worst than the 1st quarter of 2020.
Technical Analysis
-Resistance level at 2.41.
-Support level at 2.23.
-Consolidating price movement (many are collecting).
-Price bearish percentage are keep on thinning showing the sellers are reducing.
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.