OKA breakout the large base VCP on 4 Oct with volume follow through. After the breakout, it spend around 1 month to form a short base VCP where indicate supply/demand once again stabilize. Can the price surge again? Let's monitor. Disclaimer: Not a buy call recommendation. Just a my personal opinion in technical analysis through chart pattern and technical...
Support: 0.86 CUTLOST 0.81 Resistance: 0.91/0.96 OKA Corporation Bhd, an investment holding company, is engaged in the manufacture and sale of pre-cast concrete products and readymixed concrete in Malaysia. It also provides construction and related services, and transportation and other related services. The company's products include concrete porous pipes,...
price rebound look likes rebound above support level and ema20days, possible to rebound from this level to continue uptrend movement
Sector : industrial product.Fundamentally sound company.Increasing quarter YOY sales and profit.I missed to post this counter yesterday,today price already go higher.Im still posting today,just for study purpose only,not a buy call.
My Trading Plan : Resistance : 0.710 Entry Price : 0.715 Target Price : 0.815/0.840 Cut Loss : 0.700
Disclaimer: This is not a buy call but for learning purpose Technical analysis Large volume spike for few days Testing next resistance and in accumulation/distribution phase. RSI & ZL-MACD above centerline Trading idea (Buy on support) Entry price: 0.680 Cut loss: 0.670 TP1: 0.710 TP2: 0.730 Trading idea (Buy on breakout) Entry price: 0.720 ...
1. Monitoring for good entry 2. Mid term target 0.80-0.90 3. Potential profit 30%-50% 4. Hold for long term is recommended