Stock Max Value Demand % Jerung Price Total Buy CHGP RM103,000 10.17 71.34 1.03 RM729,397 #tayor
CHGP caught my attention when i study it's weekly chart. The base has been developed for 420 days. C1: -17% (224 days) C2: -12% C3: -4% The price and volume action is well developed. Let see if it will breakout the huge resistance at 0.960 or not. Disclaimer: Not buy call recommendation. My personal interest in technical analysis based on chart pattern and...
Consider to study and monitor CHGP where its current daily chart resembles that of a bearish bat harmonic pattern where a potential trade can be taken from fibo886 at Point C up to fibo886 extension at Point D. The chart also corresponds to a triangle formation. Potential EP, TP and CL are indicated in the trade plan.
Sectors: Industrial Products, Automotive, Transportation & Logistics, Transportation Equipment EP 545 SL 530 TP 600 SETUP BEAKOUT HI RISK
Both green lines are support resistant zone. The volume and price building up nicely and follow the uptrend tunnel nicely. Selling pressure towards 0.48 are gone. Risk reward ratio : 1.8
After the price break the resistence. Its good to take a buy and supported by very good buying percentage. IF break o.495, then will get another rise to push the price up, but I will look at the buying power before exit with nice profit.
high risk high return... please leave a comment .. all in?