This is the first signal following the retracement due to a sudden spike in both price and volume.
The support area could be established at the equilibrium support area of RM0.200.
Suggested stop loss at RM0.195 to comply with the minimum risk of 10% based on the price.
Consider setting the stop loss around the next equilibrium support area at RM0.165 due...
3 Drive has been formed, so there is a possibility that the price will drop before continuing the uptrend / rally.
Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider....
Sealink saw 61 million shares changed hands on Monday 23 November. A very clear sign of buying interest from the big funds. Don't lose the opportunity to enter at 0.16 and sell at 0.20. Cut loss by 0.15.
Good luck!
SEALINK - Green candle confirms the stock bullish breakout from 0.485, BB widens and strong volume continues to flush in. This stock has all the factors to support further upside. Of course you just need to hold now.
SEALINK - Highlighted this afternoon, the stock is completing rounding bottom formation and it's on the verge of breaking out from 0.485. Bullish engulfing candle and widening BB suggest the stock has chance to do so. Support level at 0.46 (corrected); resistance at 0.565 if breakout attempt success.
