Looking at past weeks' trends, it will likely do. Reasons being:
1) Buyers have been controlling the direction for the last four weeks
2) Good Results with the good decision to sell an aged-care business
3) Year-end enthusiasm relating to this Johor corporation-owned business
4) Increase in the need for hospital beds and its green-field and brown-field...
KPJ
Based on bigger picture, it looks like latest price action succesfully penetrated the Upper Boundary which signify JAC & BUEC
If this is truly Re-Accumulation , then from here onward, price should be trending upward
POsition initiated
DCA on going
moderate term swing
KPJ Healthcare (5878) settled at RM1.09 on Friday. Most importantly it closed above the RM1.07 level in the daily timeframe. Hence there is a possibility of a rally as long as its trading above this critical level. Resistance is located at RM1.17. Downside support is located at RM1.01. A break below this level could trigger further sells off.
KPJ spotted in Elliot Wave ABC corrective zone retest which happens to be a fibo886 of a bearish bat harmonic pattern where a potential swing trade can be taken up to fibo886 extension as per proposed trade plan. Proposed CL is below Point A.
Support: 1.16
CUTLOST 1.11
Resistance: 1.21/1.27
KPJ Healthcare Berhad, through its subsidiaries, operates specialist hospitals primarily in Malaysia. The company provides medical and specialist healthcare services focusing on cardiology, orthopedic, oncology, and plastic and reconstructive surgery. It also provides various support services, which include...
KPJ hit resistance level at 1.10, hence avoid new long position
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
The study is based upon VPSA meaning Volume Price Spread Analysis and Momentum
After almost 3 months sudden interest is shown.
Close: 1.05
EP: 1.07-1.02
SL:0.92
TP: 1.15/1.30
Disclaimer: This study does not constitutes Buy/Sell per say. Please consult your financial advisor before making any trading/investing decision.
KPJ -Forecast earning recovery and grow
Note: For Interested to subscribe the VT MCDX Smart Money Plus and learn Victor Trade System, and kindly contact owner
(Disclaimer: for demonstrate own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk)
KPJ is edging higher above resistance at 0.93. The price could potentially rise to Fibonacci target 2.618 at 1.10, coincide strong resistance level in 2019. It may meet resistance level at 1.03 and we will see the price action on this level.
TP: 1.10
Exit: 0.83
Disclaimer: The content on this analysis is subject to change at any time without notice, and is...
KPJ a profitable company, has started wave 5 leg after a sharp correction. Potential price might attempt R1. If price break above R1, there is potential to reach R2 with sustained momentum on wave 5 with an optimistic Fibonacci projection 1.618. use trailing stoploss based on personal preference to protect your profits.
If price failed to break R1, possible it...
