LKL - Dead Cat Bounce?LKL
Rst: 0.60
Spp: 0.545
Bullish piercing formation but not healthy, strong rejection at Fibo Ext 100%, potential dead cat bounce.
Trade ideas
Just my opinion on "LKL"MYX:LKL
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 risk and judgement. A trader could potentially lose all money. Only risk capital that can be lost without jeopardizing ones financial security of lifestyle. Please seek licensed professional guidance if you plan to invest your capital seriously.
LKL - Breakaway Gap & Return Move to Retest Broken ResistanceOpportunity 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 risk and judgement. A trader could potentially lose all money. Only risk capital that can be lost without jeopardizing ones financial security of lifestyle. Please seek licensed professional guidance if you plan to invest your capital seriously.
PENAFIAN: Analysis ini hanyalah untuk tujuan pembelajaran & pendidikan sahaja dan bukan cadangan untuk membeli atau menjual stok atau apa jua jenis instrumen kewangan. Anda dinasihatkan untuk menghubungi remieser / dealer / bank pelaburan yang mempunyai lesen atau kelayakan yang sah untuk bertanyakan pendapat dan menguruskan pelaburan anda. Pelaburan dan perdagangan mempunyai risiko tinggi, dan ianya adalah Risiko Anda Sendiri.
LKL- For studyFunction 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 going down until decision point of entry.
LKL - HOLD/ BUY BACKPrice 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
LKL - Strong BearishOpportunity 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 risk and judgement. A trader could potentially lose all money. Only risk capital that can be lost without jeopardizing ones financial security of lifestyle. Please seek licensed professional guidance if you plan to invest your capital seriously.
PENAFIAN: Analysis ini hanyalah untuk tujuan pembelajaran & pendidikan sahaja dan bukan cadangan untuk membeli atau menjual stok atau apa jua jenis instrumen kewangan. Anda dinasihatkan untuk menghubungi remieser / dealer / bank pelaburan yang mempunyai lesen atau kelayakan yang sah untuk bertanyakan pendapat dan menguruskan pelaburan anda. Pelaburan dan perdagangan mempunyai risiko tinggi, dan ianya adalah Risiko Anda Sendiri.
LKL: BROADENING BOTTOMR1: 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.
Past Trade - LKLStrategy Enter on Uptrend Breakout
Improvements: Cut Loss execution
Enter only after confusion period has cleared, unless obvious uptrend
VCP Analysis for LKL BhdTrading 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
LKLLKL 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 RSI juga menarik - almost oversold
LKL-Strategi Buy on Dip/PullbackKaunter 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 high)
Resistance 3: 0.445 (kalau berjaya capai akan jadi new 52 week high dan all time high)
LKL @ 52 Weeks HighGetting more demand from COVID-19.
Closing the ascending triangle and going to ATH
LKL 1DThe 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
LKL: Potential BuyFormation 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.
