Can try JAKS which is spotted today breaking out, with this proposed trade plan:
retracement ep at 0285. TP at fibo618 (0375) and CL below recent swing low (0255
JAKS seem like forming a bullish triangle..BUT there is possibility that the triangle is still "half-baked"? .. Maybe the Completed Power Plant in Vietnam will "take some time' to have "Good Revenue" for company?
JAKS in phase C of accumulation.
JAKS engaged in multiple sectors: construction, property and diversified into power-related sector.
Those 2 sectors consider in recovery-theme.
May it flourish ahead of the upcoming budget 2022.
My Prediction Using Ew + Fibo
If Jaks Successfully Maintain on Support 0.460, It Is Safe to Say That Jaks Is on to Wave 3 in the Making.
Triple Bottom Is Consider Valid Now ? We Will See if It Strongly Maintained Without Breaking the Support
This Would Be a Good Stocks to Swing or Position. Create Your Own Trading Plan Before Enter
Marking footprint into Sabah
Summary
• Jaks Resources Bhd’s (JAKS) wholly-owned subsidiary Jaks Solar Power Sdn Bhd (JSPSB) has entered into a memorandum of understanding (MoU) with Qhazanah Sabah Sdn Bhd (QSSB) to establish a formal collaboration and cooperation related to the preparation, development and implementation of solar power and hydro power plants in...
GOODLUCK TRADERS
TRADE AT YOUR OWN RISK !
“Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.” — Albert Einstein
Personally, what I learnt is there must be a Technical Analysis Strategic Plan in order to increase the risk-to-ratios favourable risks.
1. Draw Support & Resistance
2. Identify the stages (Accumulation, Advancing, Distribution, Declining)
3. Entry Triggers
4. Stop Loss
5. Exits
I have learnt during my past mistakes that we should let the stock price comes to...
JAKS - Recurring income speculative fundamental stock. After hitting a 52-Week high, strong selling pressure emerged after further boost from bad quarter reports. But investors of JAKS only choose this stock for its potential as a blackhorse due to their JHDP Vietnam Power Plant. Strong volume rebound after heavy selling, trend reversal or just a technical...
Very strong support at around 615~625 region and RSI is still heavily oversold even after strong technical rebound on last Friday. Need another bullish candle for short term trend reversal confirmation to upside which is high possibility. Overall on downtrend pattern since 30 March.
Resistance to break at 695 and 745.
Disclaimer: Trade at your own risk.
