sothye

CARIMIN - breaking out from rounding bottom?

Long
MYX:CARIMIN   CARIMIN PETROLEUM BERHAD
Moving towards the neckline, stock is making a good run now. MACD+RSI+Stochastic gives good signal for momentum. Do observe the gap zone 0.890-0.995 which is waiting to be filled fast. A safer entry is to entry after its breakout the neckline (0.755)

EP 0.760
TP 0.820 (+7%), 0.930 (+22%), 1.0 (+32% physocological support) , 1.07 (+41%)
SL 0.705 (+7%)

Speed: Super fast with only 57M shares float (24% of 238M shares)
Sentiment: Economic recovery theme & bullish oil price

TAYOR

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