August stock market has been really frustrating for most of us. Nevertheless, it's easier to spot potential stock during bad market sentiment. We notice there is accumulation activity in ENCORP BHD. ENCORP has been heading downtrend since it made it peak in 2014. Stock price seems like hit bottom in 2020 during COVID-19 pandemic. Stock price has been hanging around RM0.30-0.35 for quite some time. Really attractive uptrend stock with proper VCP set up. Watch closely for price break out. RM0.35 could be a good entry point.
*Buy at your own risk*
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There are more and more trading activity in this counter. Keep an eye for pivital entry level.
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Very beautiful breakout from RM0.35 We don't see any reason to sell yet. We should average up when more strong uptrend momentum signals discovered. Party is just started.
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Good profit captured. time to sell when everybody chasing high
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We should expect 2~3days or longer for big boy to shake out others.