Rsawit, leader in plantation, will the journey continue?
Thank you for your continued support :)
Strategy: Pull Back Strategy
Short term trade.
Bias: Bullish. Retracement was observed on the pass 4 days. It then retraced and hit 0.375 before rebounded.
Interestingly, 0.375 is the uptrend line support, as well as the fibonancci 0.618 support. It opened high at 0.395 today with increasing volume. The uptrend was intact and with the theme of FCPO, the share price should have a reversal trend of short term retracement. It has broken the downtrend line today and indicating a strong momentum.
Potentially around 10% gain from RM0.410.
Support: 0.395
1st Target: 0.43
2nd Target: 0.45
Gentle Reminder: Plan your Trade, Trade your plan. Happy trading in 2020!
Like and comment to support yea!
Strategy: Pull Back Strategy
Short term trade.
Bias: Bullish. Retracement was observed on the pass 4 days. It then retraced and hit 0.375 before rebounded.
Interestingly, 0.375 is the uptrend line support, as well as the fibonancci 0.618 support. It opened high at 0.395 today with increasing volume. The uptrend was intact and with the theme of FCPO, the share price should have a reversal trend of short term retracement. It has broken the downtrend line today and indicating a strong momentum.
Potentially around 10% gain from RM0.410.
Support: 0.395
1st Target: 0.43
2nd Target: 0.45
Gentle Reminder: Plan your Trade, Trade your plan. Happy trading in 2020!
Like and comment to support yea!
Trade closed: stop reached:
Support at RM0.395 reached on 8/1/2020 due to unfavorable market condition. Cut loss is meant to be respected and to be followed.
:)
Let's continue to learn and earn!
:)
Let's continue to learn and earn!