PENTA VCP Development Long

PENTAMASTER CORPORATION BHDMYX

Description

⋅ Jan 13, 2021 1:46 AM

Penta is developing volatility contraction pattern for almost 3 months with contraction % below:

C1: ~18%
C2: ~8%
C3: ~5%
C4: ~4%

Breakout happened yesterday with strong volume.
Immediate support at RM4.90 with ~6% risk.

Disclaimer:
For technical analysis sharing purpose. Please seek advice from your financial planner if you would like to get any stock recommendation.

Comment

⋅ Jan 17, 2021 2:03 AM

Price breakout, can move the support up to 5.17.

Comments

kkzaii

⋅ Jan 15, 2021 6:40 AM

good catch!

adamkhoosk

⋅ Jan 17, 2021 2:02 AM

@kkk_2008, Thanks bro!

amirulirfan22

⋅ Jan 13, 2021 2:04 AM

How much is the target price

adamkhoosk

⋅ Jan 13, 2021 2:07 AM

@amirulirfan22, bro, i wouldn't limit myself with target price. normally when the profit reach 2x of my risk i will sell half and the remaining will hold longer see how far it can go.

adamkhoosk

⋅ Jan 17, 2021 2:03 AM

@amirulirfan22, Bro, you manage to enter that day?

amirulirfan22

⋅ Jan 17, 2021 6:41 AM

@adamkhoosk, no ..i didn't....but good analysis bro...you are expert in this vcp development thing..👍👍💪..i always follow your always..hope to have the chance to enter after this

adamkhoosk

⋅ Jan 18, 2021 1:20 AM

@amirulirfan22, Thanks bro,, i got a public telegram channel. always win system.. can follow me there.

amirulirfan22

⋅ Jan 18, 2021 1:25 AM

@adamkhoosk, sure bro..what is the telegram channel name?..