If you guys follow on my previous chart on UWC, you can find the similarity between UWC and KERJAYA. In the 1h timeframe, the selling by the big play is there. We are waiting when this is going to over. Plus this is a profitable company. Kerjaya currently trading at PE of 18.5. I can say it's medium. Not too expensive or cheap. Watch for the falling
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
I have learnt during my past mistakes that we should let the...