Based on EWO, it is possible that CAB is going for the last leg of smaller W-5 to TP area in blue line. This is in sync with chicken price hike especially during festival. Next would be a retracement, it could be shallow or deep retracement and based on the current hype, it should be shallow. Happy Eid everyone
CAB in ABC formation. Rebounded at EMA100 and Fibo618 at 0.490. Probable EP is at 0.490 to retest EMA100 and Fibo618. Probable TP is 52wh at 0.565. Probable CL is below EMA200 and Fibo786 at 0.465. This is for study purposed only and not an investment call.
The position is ready to take off. Looking forward to hold for a long.
Based on the CAB stock chart, the stock should has completed its cup & handle pattern. If today price broke and stayed above 0.51, it further confirms the uptrend and signifies another buy trade signal. Happy trading!
Non-syariah counter Price around Bollinger mid band Entry Price: 0.370 Cut loss: 0.360 TP1: 0.390 TP2: 0.410
Ready to buy tomorrow. Best entry area 0.29-0.3. Hold until after raya
EP : 330 CL : 290 or MA20 touch red candle S : 300 R1 : 340 R2 : 375 TP : Follow MA20 Number of Share: 690.51m