KRETAM - Potential Buy on Breakout (BOB) - 17 August 2020
Technically, Price just crossed up MA20 and breaks from the consolidation box in daily time frame.
In my opinion, KRETAM will breaks the descending upper trendline and reach RM0.50 ( psychological level ) for the third time.
If buying interest is higher than the selling pressure (successful breakout), the stock has potential to reach RM0.56.
The best entry price for BOB is RM0.49 and the price MUST maintain above the decending upper trendline or else it is a false breakout.
For swing traders, the best entry is last week when the price was consolidated between RM0.455 until RM0.475.
The next best entry is between RM0.480 until 0.490 with cutloss price when the price move back into the consolidation box (RM0.475 and below)
In my opinion, KRETAM will breaks the descending upper trendline and reach RM0.50 ( psychological level ) for the third time.
If buying interest is higher than the selling pressure (successful breakout), the stock has potential to reach RM0.56.
The best entry price for BOB is RM0.49 and the price MUST maintain above the decending upper trendline or else it is a false breakout.
For swing traders, the best entry is last week when the price was consolidated between RM0.455 until RM0.475.
The next best entry is between RM0.480 until 0.490 with cutloss price when the price move back into the consolidation box (RM0.475 and below)