I would like to buy call ANCOM because of various technical indicator below:
1) Up trend stock based on daily chart MA50 above MA200. And the price currently also above MA50 trend line.
2) VCP pattern observed as well. The 1st contraction is huge which are around 50% follow by 2nd, 3rd, 4th, 5th and 6th contraction that are getting smaller contraction (<10%).
3) BREAKOUT SOON at 0.750.
When contraction is getting smaller, it mean people tends to hold the ticket more. Follow back my previous review in Carepls, Supermx and Rubberex, you see how the price go once the breakout in VCP. (so delicious)
My Strategy: Enter at 0.730 or 0.740. Support at 0.680. (~ 7% RISK only) but the return might be 15-20%.
Let's see how the price go this week and I will provide an update next week.
Just my humble analysis, kindly buy at your own risk. :)
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This week momentum not that good and the weekly chart candle formed a shooting star. Need to aware if still holding. Set your support max at 10%.
This is flawed analysis...