OroticTrader

HWGB Analysis

Long
OroticTrader Updated   
MYX:HWGB   HO WAH GENTING BHD
Disclaimer: This is not a buy call but for learning purpose

Technical analysis
  • Price around resistance area and above 20 EMA
  • RSI above centerline and moving toward overbought area
  • MACD above centerline

    Trading idea (Resistance breakout)
  • Entry price: 0.915
  • Cut loss: 0.900
  • TP1: 0.960
  • TP2: 1.00
Trade closed: stop reached:
Cut loss reached
Comment:
Lesson learned: Should not entry if breakout with inverted hammer candle
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