DailyPriceActionGuru

Trading strategy for Hongkong Land

SGX:H78   HONGKONGLAND USD
1. Trend Analysis
Neutral

2.Pattern Analysis
Possible Inv H&S, 3.61 for right shoulder
Possbile Evening Star candlestick

3.Trendline Analysis
Primary Trendline @ yellow line for support

4. Indicator analysis (hourly chart)
Stoch Rsi and MACD seems to be losing some strength (bearish)
Volume is low Probably due to dividend payout
4h SMA 150 seems to goes well w this counter

Trading Plan
Wait for entry at 3.6~ 3.62
SL: daily close below 3.45
TP: 5.4

Pls DYODD
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