KLSE11Batch

NLCS - One more resistance to break

Long
QSE:NLCS   NATIONAL LEASING HOLDING QPSC
NLCS re-attempt to break the ATH @ 1.19
The sky will be clear and price will rally to make new ATH .
Comment:
Comment: Today, NLCS established new all-time-highs at QR1.34
Trade closed: stop reached:
Good time to re-entry once the solid support is confirmed and it will mark the accumulation phase started. Target support is at 1.13

Comments

Any ideas for November December for Nat leasing... Ezdan?
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Alhamdulillah...it goes well as expected.
Reply
Well analyzed, indeed as mentioned.

@KLSE any suggestion until what price it will be an up-trend ? or Stop Loss?
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KLSE11Batch omar_shahbal
@omar_shahbal, I think there will be profit taking around opening tomorrow and price will retrace back to a previous low before resuming in the direction of its trend.
Potential good entry at the dip, but this strategy is only applicable for the short-term trader.
Reply
omar_shahbal KLSE11Batch
@KLSE11Batch, applause 👏🏼 Precisely as mentioned.

Took profit in first hour of opening at 1.356. Couldn’t catch the peak at 1.390-ish.

May you please suggest the potential entry level.
Many Thanks 🙏
Reply
KLSE11Batch omar_shahbal
Congrats @omar_shahbal.

Yes, it reached a new ATH of 1.39

I think the potential re-entry price would be around 1.29-1.30 as this is the nearest support.

Reply
omar_shahbal KLSE11Batch
@KLSE11Batch, your targets are amazingly in place.

Entered the trade in between of your suggested range at 1.295, and within the same day trended up to 1.325 approx.

Would you please recommend to take the pofit at last peak (1.390) or the stock will cross that price ?

Thank you
Reply
KLSE11Batch omar_shahbal
@omar_shahbal, hold your position if the closing price still above the 1.26
Selling momentum was strong today with bearish divergence.

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