*1st July Technical Idea (UPDATE)* POH HUAT Resources Holdings (Stock code: 7088) Today PO HUAT hit TP2 with huge volume traded. we move up our TP and SL (to book in profit) Risk: Moderate Risk* *TP1: RM1.285* *TP2: RM1.370* *SL1: RM1.150* *SL2: RM0.980* *Risk Return Ratio: 1.85x*
Strategy: 1)For those have cheap price can try to reduce exposure at new TP1. 2)For new position need remember SL at 1.15, as long as share price cann't maintain we will see some correction at 1.050 level. 2)Value investor may accumulate at every new low prices or demand zone as long as fundamental remain.
29th April Technical Idea POH HUAT Resources Holdings (Stock code: 7088) after 27th Mar shares price breakout (purple-line, 0.780) level and going into long-bias confirmation. after 2 news high created A , C, looking for 3rd waive rally. today shares price close above last high (C ,0.930). Potential rally to challenge next resistance Risk: Moderate Risk TP1: RM1.080 TP2: RM1.175 SL1: RM0.850 SL2: RM0.735 Risk Return Ratio: 1.82x