LONG TRADE.. INVESTMENT CALL. PSAR BULLISH
2021 STOCK PICK FROM EXPERTS PURPLE LINE = STRONGER SUPPORT RED LINE = MINOR SUPPORT Disclaimer: Please be informed that above analysis are solely for education purpose; it is neither a trading advice nor an invitation to trade. For trading advice, please speak to your remisier or dealer representative. You are responsible for your own risk management Do...
Harta - drop to Support Zone level (Disclaimer: for demonstrate own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk)
TODAY open gapped down to break below MYR13. seeing it might test next support zone MYR11-12.. 11-12 fail to break will dive down lower... 9.40 level do nothing and wait for a strong bull Price Action.
In this week ahead, the glove stocks are poised to receive shocks from the Malaysia's Parliamentary tabled response on the take of Malaysia 2021's Budget Reform. This reform entails high fundamental risks to not only glove stocks but also other relevant stocks such as "The Renewable Energy Sector" as the budget pursues a wide variety of efforts to spearhead a...
price gap up with volume, good sign.
LLLH It is a downtrend for now. However, it might make reversal up if W&R @ 18; or continue going down if W&R down @ 15.4. There is a strong Pattern A up at support. So higher chance at going up. It may remain sideway too.
HARTA Rst: 16,47 Spp: 15.76 Last minute fake move but today's weak candle already telling further weakness may spell since it violated MA50 trendline. Likelihood to plunge towards Fibo Ext 50% is there.
Focus on Indecision Areas to confirm another uptrend or downtrend
POTENTIAL TESTING RM18.315, BEFORE TESTING BREAKOUT LEVEL 19.975. EXPECTED TO REACH RM25.
Stay away. If you know head and shoulder pattern, you know this is not looking good. Perhaps one of the ugliest looking top tier glove chart at the moment. If things really go south for glove counters amid the vaccine discovery, harta may experience larger-than-peer drop.
Monitor the Rebound Areas, Price Action Momentum and Support. Look for small rebound.
Recently, the Glove sector is a popular and famous sector in Malaysia. Be careful of this stock, left shoulder and head have been formed. For those who still want to invest in this stock, please be aware of this structure. Trend king indicator is indicated green means it's price is in a bullish trend in the short-term
First SL HUnting had taken place. market will slide even lower to a bargain price.