Can or not? TAYOR bro..Target W3 is RM1.15-1.22
The Company's segments are Investment holding, Foam and mattress related products, and Media. The Investment holding segment is engaged in investment holding. The Foam and mattress related products segment is engaged in the manufacturing, trading and distribution of mattresses, bedding accessories, laminated foam,...
price has make a high after completed the AB=CD pattern "correction" and price currently making a retracement at fibo .618(0.825) and also MA50 as a support "new higher low".
am watching for trading opportunity.
LEESK VCP SETUP for 64 days with contraction below.
C1: ~16%
C2: ~9%
C3: ~9%
C4: ~3%
Volume super dry as well.
Beware of QR this month. Will only consider after QR released.
SWING: 2 DAYS TO 2 WEEKS
Breakout Downtrend Line
52 Weeks High Line
Fibbonaci Retracement
Candlestick Support & Resistant Zone
Trendline Support & Resistant
Please look at the chart comment for detail.
Current Opinion:
Intra-swing can buy within the area.
Note:
Long Term- Holding for a yearly review (1 year up to 5 years or more)
Short Term- Holding for a monthly review(1 week up to a year or more)
Intra-swing - Holding for a weakly review(1day up to 12 weeks or more)
TA
As we can see price currently making compression (cp) or falling wedge a continuation signal for long in this situation. It is a nice area to place order.
FA
For fundamental perspective overall is good for this counter
PE : 11.65
DY : 5.0
QR : 1.3M (reduce but still positif)
AR : 1.3M (reduce but still positif)
1.15
Uptrend with target 1.15 at least
***This shall not under any circumstances be considered or constitute offer or solicitation to sell, buy, give, take, issue, allot or transfer, or as the giving of any advice in respect of products or instruments of any jurisdiction.***
LEESK is a profitable company, attempting the Resistance zone with strong volume signalling potential breakout might be inevitible.
If price manage too break resistance zone, price might be heading to R1 fibo projection of 1.628. Take profits regularly to avoid dissappointment.
Cut losses short if price went below S1.
On the daily chart , the stock still in uptrend as the price traded above the uptrend line. However, yesterday price plunged to the lowest of RM 0.73 indicates traders having a profit taking session after it climbed since 26/4/2018. Today, on the first 2.5 hours morning sessions, the stock price stand in a range of 50%-61.8% Fibonacci level and Psychology support...
On the daily chart, the stock still in uptrend as the price traded above the uptrend line. However, yesterday price plunged to the lowest of RM 0.73 indicates traders having a profit taking session after it climbed since 26/4/2018. Today, on the first 2 hours morning sessions, the stock price stand in a range of 50%-61.8% Fibonacci level and Psychology support...
![LEESK: LEESK [30 December 2020] Buy On Resistant Zone Break Out](https://s3.tradingview.com/0/0QQjeGhV_mid.png "LEESK [30 December 2020] Buy On Resistant Zone Break Out")
