*1st June Technical Idea*
HEVEABOARD BHD (Stock code: 5095)
Today we see that furniture sector was hot and may a new theme for next round rally.
we found out that HEVEA was react at demand zone but not move a lot yet. long bias & signal
combine with reverse candle pattern, entry confirmation
we think that HEVEA have opportunity to challenge last high (0.450)
*Risk: Moderate Risk*
*TP1: RM0.450*
*TP2: RM0.485*
*SL1: RM0.380*
*SL2: RM0.360*
*Risk Return Ratio:2.14x*
Strategy:
1)This was a technical play, trade with market flow and momentum
2)Value investor may accumulate at every new low prices or demand zone as long as fundamental remain.
HEVEABOARD BHD (Stock code: 5095)
Today we see that furniture sector was hot and may a new theme for next round rally.
we found out that HEVEA was react at demand zone but not move a lot yet. long bias & signal
combine with reverse candle pattern, entry confirmation
we think that HEVEA have opportunity to challenge last high (0.450)
*Risk: Moderate Risk*
*TP1: RM0.450*
*TP2: RM0.485*
*SL1: RM0.380*
*SL2: RM0.360*
*Risk Return Ratio:2.14x*
Strategy:
1)This was a technical play, trade with market flow and momentum
2)Value investor may accumulate at every new low prices or demand zone as long as fundamental remain.