Swing Trading Kossan
The idea of swing trading is to capture ‘one move’ in the markets before the price reverse against you.
This is done by entering your trades from an area of value and exiting it before opposing pressure steps in.
Swing Trading Checklist :
1. Are you entering from an area of value?
a. Kossan : YES (Major Support Area)
2. Do you have a valid entry trigger?
a. Yes, Personally I will average buy in few trades in Major Support Area
3. Is your stop loss away from market structure?
a. Yes Low of the Major Support Line – 1 ATR
4. Is target profits within reasonable reach?
a. Yes, Good Risk to Reward Ratio
Area of Value can be Support & Resistance, Moving Average or Trend Line etc.
Entry Trigger can be Engulfing Pattern, Hammer, Shooting Star, False Break etc.
Target Profit can be at swing high, Support and Resistance area drawn on Kossan Chart.
Fundamentally :
For Gloves Sector, Kossan we look at previous historical PE
2015 PE : 29.37
2016 PE : 25.03
2017 PE : 28.42
2018 PE : 27.63
2019 PE : 23.68
2020 FPE (Forward PE) prediction is roughly 7, current PE at 19.
No doubt, fundamentally at this price, and upcoming 2-3 quarters of expected breaking historical highs PAT for Kossan.
The risks to reward now to trade at these prices now is a no brainer~
The idea of swing trading is to capture ‘one move’ in the markets before the price reverse against you.
This is done by entering your trades from an area of value and exiting it before opposing pressure steps in.
Swing Trading Checklist :
1. Are you entering from an area of value?
a. Kossan : YES (Major Support Area)
2. Do you have a valid entry trigger?
a. Yes, Personally I will average buy in few trades in Major Support Area
3. Is your stop loss away from market structure?
a. Yes Low of the Major Support Line – 1 ATR
4. Is target profits within reasonable reach?
a. Yes, Good Risk to Reward Ratio
Area of Value can be Support & Resistance, Moving Average or Trend Line etc.
Entry Trigger can be Engulfing Pattern, Hammer, Shooting Star, False Break etc.
Target Profit can be at swing high, Support and Resistance area drawn on Kossan Chart.
Fundamentally :
For Gloves Sector, Kossan we look at previous historical PE
2015 PE : 29.37
2016 PE : 25.03
2017 PE : 28.42
2018 PE : 27.63
2019 PE : 23.68
2020 FPE (Forward PE) prediction is roughly 7, current PE at 19.
No doubt, fundamentally at this price, and upcoming 2-3 quarters of expected breaking historical highs PAT for Kossan.
The risks to reward now to trade at these prices now is a no brainer~