{SWC}—— Pelikan, Uptrend Continuation ?
Thank you for your continued support :)
Strategy: Price Volume Analysis
Bias: Bullish, Pelikan was hot stock traded in the past two weeks where it recorded a sharp rise. After a correction with diminished volume in past 2 days, today Pelikan was once again traded actively with significant volume, momentum generated brought price back to recent high 0.535.
#Pelikan was first given to private group student as early as RM0.305 and follow up was done at RM0.375, 10 Jan 2020, right before the gap up big spike. Today private group students were informed when Pelikan broke above immediate resistance RM0.515 and up to RM0.535 intraday :) Congrats
#Do take note that the Share Price has surge a lot. Remeber to take care of the risk before the return :)
With the regain of significant volume and surge in price, SWC believes there will be a positive movement of share price if the momentum and volume sustained.
Immediate resistance: 0.535
Immediate support: 0.495
#It needs to break above immediate resistance in order to have more potential.
If you find this idea helpful, kindly drop us a like and leave your comment! Happy trading, Happy Chinese New Year :)
Strategy: Price Volume Analysis
Bias: Bullish, Pelikan was hot stock traded in the past two weeks where it recorded a sharp rise. After a correction with diminished volume in past 2 days, today Pelikan was once again traded actively with significant volume, momentum generated brought price back to recent high 0.535.
#Pelikan was first given to private group student as early as RM0.305 and follow up was done at RM0.375, 10 Jan 2020, right before the gap up big spike. Today private group students were informed when Pelikan broke above immediate resistance RM0.515 and up to RM0.535 intraday :) Congrats
#Do take note that the Share Price has surge a lot. Remeber to take care of the risk before the return :)
With the regain of significant volume and surge in price, SWC believes there will be a positive movement of share price if the momentum and volume sustained.
Immediate resistance: 0.535
Immediate support: 0.495
#It needs to break above immediate resistance in order to have more potential.
If you find this idea helpful, kindly drop us a like and leave your comment! Happy trading, Happy Chinese New Year :)
Trade closed: target reached:
Done breakout immediate resistance and targeted RM0.550 in one day time. Congrats members who followed and profited :)