Function of first time back / retest - To confirm that area is strong. After Retest, there are always decision point that hidden below that we need to observe and find at much smaller time frame.
The Long shadow i call it as Fail to return and usually happen on top of decision point. The longer shadow is much better. Usually price will break LOW of this shadow and...
Price nicely touch the breakout area and retest with long shadow. However, it is a not a good pinbar. Price come again and just wait at this 2 green zone. The lower zone is the precompression failed which is still fresh without retest.
Zone 1 -0.6
Zone 2- 0.565
Opportunity and Risk
DISCLAIMER: This analysis is for educational and informational purposes only. It is based on my personal view in the market from a technical standpoint. None of information posted in this page can be used as investment decisions except for educational purpose only. Do not trade solely on the information posted in this page. Trade at your own...
R1: 0.735, R2: 0.855
Broadening bottom chart pattern still showing sign of bullish potential for this counter. I'm expecting LKL to challenge the resistant and move higher in the next few days.
Trading pattern seem identical in last past month.
Price will be revised down in few days. Then, will be follow with 2 VCP adjustment in period of 2 weeks,
Then, the price will increased again.
Disclaimer: This published idea is for my own reference and learning purposes only. Trade at your own risk
LKL International Bhd
Sektor: Healthcare
No. of Share: 428.8m
4 Weeks Price Change: 0.285 - 0.740
*Sedang melakukan major retracement sejak kenaikan yang agak tinggi. Area untuk rebound mengikut Fibonacci Retracement:
38.2%: 0.495
50.0%: 0.415
61.8%: 0.340
*Area untuk TP mengikut Trend-Based Fibonacci Extension:
1) 0.57
2) 0.745
3) 1.07 (mid-term)
*Stochastic...
Kaunter dalam sektor healthcare ini sedang dalam fasa uptrend, dan mendapat tempias yang positif dalam fasa Covid 19.
Dari segi FA tidak berapa bagus tapi sesuai untuk short term trading sebab kaunter tengah hit.
Boleh monitor untuk startegi buy on dip dalam jangkaan tarikh 12-13 Mei 2020.
Support: 0.370
Resistance 1: 0.405
Resistance 2: 0.425 (52 weeks...
The chart in triangle pattern.
The volume starting high from Jan 2020 as from COVID and demanding facility from buyer.
To enter, let's wait it broke the resistant line.
TP: 0.295
CL: 0.240
Formation of higher high towards resistance is a sign of strength. Look for entry upon breakout of 0.265 level. Cutloss if fall below 0.245 with take profit target of 0.285.
