increase profits in QOQ and YOY.Still in stage1 accumulation phase.Not a recommended phase by any of the market wizards out there.But,just postin this for a study
Sign of Strength in the chart:
1. Accumulation stages
2. Green Pentagon with NS in weekly chart
3. Holding above support with no Sign of Weakness
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
1. Uptrend market structure with waves 1,2,3 and now wave#4
2. Testing EMA200+EMA100
3. Analyst TP RM1.40 and now upgrade to RM1.75
4. FCPO in re-accumulation phase possible breakout ATH.
TSH
Theme: Palm oil
Rst: 1.23
Spp: 1.15
Dark cloud cover done yesterday being rejected, supported by healthy RSI, MACD and BB remains wide, likelihood to observe breakthrough from Fibo Ext first tier is high.
Operator is a human, human has certain behaviors, Same behavior applies to stocks , where we can study from the past history.
We can observe similar pattern in TSH
From my humbly opinion, upside potential is limited as resistance is just 2 sen ahead. Lets wait to observe further
FA - Impressive consequent 2xQR on net profit, can it achieve the same for 3rd QR?
TA - Forming a pivot above the previous resistant; yesterday was my enemy, today may become my best friend 🤞
Closed above resistance today for further upside move to Fibonacci target 1.618 coincides resistance in Dec 2019. Exit below 0.90
Disclaimer: Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment base on your own personal circumstances. The content on this...
Note/
- 3QFY20 net profit soar by nearly 300% to RM24.07 million from RM6.03 million in 3QFY19 on higher palm commodity prices. 3QFY20 revenue was up by 7.21% at RM194.17 million from RM181.12 million recorded in the previous corresponding financial quarter. For the nine months ended Sept 30, 2020 (9MFY20) net profit was 80.05% higher at RM46.14 million from the...
After a while following through TSH since it rebounded from lowest due to Covid 19, it already break the resistance a few times.
Generally TSH is exhibiting an ascending channel accumulation pattern.
Successful breakout from 91 sen is seen sustainable.
Trading Plan :
Accumulate during TR, sell partial at resistance before breakout and partial above...
Life is simple...Trade with Simplicity!
*Trend direction: UPTREND - Green background (Higher-High & Higher Low was observed)
*The price has break-up and hoover along our lifeline (Redline) on 20-May.
*Bottom signal (Green-upward triangle 19-Mar, followed by Yellow-Diamond "BT" on 25-Mar & 15-Apr) were sighted on our chart.
*Turning points (Purple-candle) have...
