Long period of base and filled the gap
- it went through a long period of consolidation - one could have swing traded this because of healthcare related investment
- 875 was the obvious entry for this stock with 855 as the cut lost point
- the gap up today filled the gap down in last November 2020
- closed above the box and give it a few more days to establish a stronger support
- long upper shadow indicates a strong profit taking from those who trapped last year
**the analysis is solely for my own references and learning
- 875 was the obvious entry for this stock with 855 as the cut lost point
- the gap up today filled the gap down in last November 2020
- closed above the box and give it a few more days to establish a stronger support
- long upper shadow indicates a strong profit taking from those who trapped last year
**the analysis is solely for my own references and learning
Comment:
fell back to base - avoid
- strong buying interest due to several news on the media about successful adoption of glove business
- on the way to challenge 1.16 and 1.24
- one can put this stock into the watchlist but property sector's earning remains a concern