WCEHB, how far can it go in short term?
First of all, congrats to the students for FPGROUP which hit the first TP on Friday. Looking forward for the next! Kindly refer to the "idea" of FPGROUP analysis done in Tradingview for next direction.
WCEHB: How did we catch WCEHB before the majority at RM0.365 on Friday? Uptrend line acts as the support and the downtrend line acts as the resistance. WCEHB had made a successful BreakOut DownTrendLine (BODTL) when it broke RM0.365, which was the first signal triggered with increasing volume.
When WCEHB broke and stood firm above RM0.370, indicating a strong momentum was continued to be generated! We are looking forward for a targeted price of RM0.440 in the very near term, after the psychological resistance of RM0.400 & second resistance of RM0.420.
Overall, this counter is potentially given a 15% upside, expecting the target to be done within a week.
Gentle reminder: Plan the trade and trade the plan. Stay tune!
WCEHB: How did we catch WCEHB before the majority at RM0.365 on Friday? Uptrend line acts as the support and the downtrend line acts as the resistance. WCEHB had made a successful BreakOut DownTrendLine (BODTL) when it broke RM0.365, which was the first signal triggered with increasing volume.
When WCEHB broke and stood firm above RM0.370, indicating a strong momentum was continued to be generated! We are looking forward for a targeted price of RM0.440 in the very near term, after the psychological resistance of RM0.400 & second resistance of RM0.420.
Overall, this counter is potentially given a 15% upside, expecting the target to be done within a week.
Gentle reminder: Plan the trade and trade the plan. Stay tune!
As mentioned earlier, "Buy On Breakout Strategy" last Friday, at RM0.365.
Again, in one day time, generated a total return of 20% by holding one day. This is the power of Technical Analysis!
Congrats everyone who followed!
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