Rounding bottom formed, how far can XINHWA go?
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Strategy: Bullish Candlestick Chart Formation
Swing
Bias: Bullish. As the chart above shows the rounding bottom was formed in last three months. The stock price broke neckline at RM0.465 of the rounding bottom. An earlier signal was when the stock price broke RM0.435 sideway consolidation and at the same time made a Bollinger Band breakout.
Earlier, we had traded the short term opportunity from this counter, entry at RM0.435 and TP at RM0.480, based on Bollinger Band Breakout Strategy.
Time to look back for mid term opportunities.
The share price is expected to complete the cup reversal at RM0.55, potentially 12.7%, after the resistance of RM0.520 and psychological resistance of RM0.500
Stop-loss: 0.465
1st Target: 0.520
2nd Target: 0.550
Gentle Reminder: Plan your Trade, Trade your plan.
Kindly like and comment to support if you agree with this trading idea!
Strategy: Bullish Candlestick Chart Formation
Swing
Bias: Bullish. As the chart above shows the rounding bottom was formed in last three months. The stock price broke neckline at RM0.465 of the rounding bottom. An earlier signal was when the stock price broke RM0.435 sideway consolidation and at the same time made a Bollinger Band breakout.
Earlier, we had traded the short term opportunity from this counter, entry at RM0.435 and TP at RM0.480, based on Bollinger Band Breakout Strategy.
Time to look back for mid term opportunities.
The share price is expected to complete the cup reversal at RM0.55, potentially 12.7%, after the resistance of RM0.520 and psychological resistance of RM0.500
Stop-loss: 0.465
1st Target: 0.520
2nd Target: 0.550
Gentle Reminder: Plan your Trade, Trade your plan.
Kindly like and comment to support if you agree with this trading idea!
Trade closed: target reached:
Thank you for continue following us:)
Target reached RM0.520 :) Congrats on the profit!
Target reached RM0.520 :) Congrats on the profit!