Enter above RM 4.05 TP 1 RM 4.55 TP 2 RM 5.16 CL RM 3.75 Hello Traders, I am currently learning Technical Analysis , and the ideas I post are what I call ("Learning Notes"). Comments on my analysis are very much welcome and will be greatly appreciated. If you like my analysis, kindly drop a like and follow me! :) Let us learn together, and grow together to...
Fundamentally : For Gloves Sector, Kossan we look at previous historical PE 2015 PE : 29.37 2016 PE : 25.03 2017 PE : 28.42 2018 PE : 27.63 2019 PE : 23.68 2020 FPE (Forward PE) prediction is roughly 6, current PE at 17. No doubt, fundamentally at this price, and upcoming 2-3 quarters of expected breaking historical highs PAT for Kossan. The risks to reward...
Swing Trading Kossan The idea of swing trading is to capture ‘one move’ in the markets before the price reverse against you. This is done by entering your trades from an area of value and exiting it before opposing pressure steps in. Swing Trading Checklist : 1. Are you entering from an area of value? a. Kossan : YES (Major Support Area) 2. Do you have a...
Open gapped down and closed low. seeing potential go to support zone 4.00-4.50 overall still in bear mode. No bull Price action , No Entry.
Daily Chart 1. Green Pentagon with Change of trend - cross above 20 / 40 MA 2. Cluster of Closes with NS signal Hourly Chart 3. Pullback with Spring and NS Take note on Kossan-C13 Hit the "LIKE" button to support us :) Disclaimer This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and...
SHORT TERM LONG. STOCK MOVEMENT STILL FOLLOWING UPTREND TRENDLINE & MOVING AVERAGE EXPONENTIAL STILL ON BULLISH CROSS. POTENTIAL TESING R1 & R2 ON SHORT TERM. TAYOR!
Kossan 11/9/2020 12.300 first Resistant area after this support rebound at 9.000 Kossan 10/9/2020 hit the support area already , 9.000 is the support area here
The support and resistance level of Kossan are 12.32 and 17.1 respectively. It is observed that the MACD line of KOSSAN is above the centreline indicating some degree of strength in the price movement. Resistance 1 : 17.1 (4.46%) Resistance 2 : 17.46 Support 1 : 12.32 (-24.58%) Support 2 : 11.96 Descending Triangle prediction at 21 Aug 2020. Possible bearish...
Expected the stocks will go higher to 19.40 and will go higher if breakout the trendline...
Awal separuh Julai 2020, RSI Overbought. Akhir separuh Julai 2020, RSI consolidate dan sedang menuju Oversold. Jangkaan Ogos 2020, RSI Oversold.
Just like most glove counters, Kossan was caught by the heavy sell down this few days. As for as the major trend is concerned, it seems that KOSSAN is just resting on the uptrend support line. Will need to observe and see if it can bounce back up in the next few days.
MYX:KOSSAN FOR STUDY PURPOSE ONLY TRADE AT YOUR RSIK AND JUDGEMENT AUG - JUL 2020
KOSSAN 1 Hour Chart: 7/12/2020 Support : 9.60, 10.90 Resistance : Higher average volume than mid-end June Momentum swung between positive(mostly)/neutral side since 29-Jun Currently it is above support uptrend line 1 (similar with SPMX) At least hold on support line 2 to maintain the current uptrend The highest uptrend line could be potential target...