MY_Bursa_Journal

IOIPG ( Possible Inverse Head and Shoulders ? )

Long
MY_Bursa_Journal Updated   
MYX:IOIPG   IOI PROPERTIES GROUP BERHAD
Entry reason:
1. Base platform with volume accumulated. (Check Volume Profile )
2. 2B Reversal Setup ( Possible forming Inverse Head and Shoulders )
3. Low risk entry with tight stop.

Target: 1.10 - 1.20 (≈ 12%)
Stop: Around 0.965

Disclaimer:
For discussion and sharing purpose only. NOT entry recommendation. Trade at your own risk.
#TAYOR
Trade closed: stop reached:
Stop Loss Initiated.

Closed at 0.95 at 29/09/2022.

Recorded sell price at 0.945. (open price - 30/09/2022)

Result: -4.10%
Comment:
Should have the reentry on 17.10.2022 upon double bottom neckline breakout.
Lessons learnt:
- Over tighten SL might cause lost of opportunity.
- Monitor closely previous watchlist for reentry opportunity.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.