Hmm, based on technical only
1) MACD bullish crossover.
2) Stochastic bullish crossover.
3) Volume still high and slightly increase back from Thursday (15/Dec)
4) Price climb back above 200MA
5) RiskReward ratio > 1
Tgt Entry = 1.94~1.97
Cut Loss < 1.83
Tgt Profit = 2.07~2.09
Well, lets see this trade is better than Ivory and faster than Kfima. :)
hi
ReplyDeletefor me, entry was 1.71-1.75, today is a sell as rm2 is the resistance. buying back if support at 1.83 or breaking rm2 level. Volume is low today, decreasing as many still holding to her. When press further down to 1.83-1.85, i shall look for reversal to ride to RM2 again. That is my analysis which i just wrote it today too.
cheers and merry christmas
TEH
Hi CP,
ReplyDeletegood to hear you profit at the early stage of rebound. BIMB was not in my watchlist initially , so I miss the initial turning point . Then, I decided to go for breakout play and walking the bollinger band. Let's see how this trade goes , if drop to my cut loss point , too bad , just another trade that din go as plan.
Btw , merry Xmas & happy new year
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