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TeropongBursa
Jul 2, 2018 4:19 PM

SHORT/MEDIUM TERM - TECFAST - POTENTIAL BREAKOUT Long

FAST ENERGY HOLDINGS BERHADMYX

Description

TECFAST on the rise within ascending triangle pattern, If price break out T1, next target is set at T2 using X to X target projection. Take profit regularly along the way to T2 to avoid being trapped. I personally sell half at 50% target and sell all at 78.6% target. trailing stoploss should be exercise in case the price reverses more than 5% or based on personal preference.

If price fail to break T1, potential trading range play can be assumed. Price might trade sideways in range between S1 and S2.

Comment

large buying interest today. expect profit taking for few days before rally continue.
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