Today, FIHB break the resistance with volume. Then, if we look on weekly chart, there is a crossover from oversold region as well as the price moving up from MA50. This is a good start for FIHB. Let's how it goes for tomorrow (ex-date).
Looking at the chart and using the Williams %R indicator, we can see that the stock is currently in the overbought territory, with a reading of -3.33. This suggests that the stock may be due for a correction or a pullback in the short-term.
However, we can also see that the stock has been on an uptrend, with the price breaking above its 52-week high of RM0.68....
Support: 0.61
CUTLOST 0.57
Resistance: 0.65/0.69
Federal Furniture Holdings (M) Berhad, an investment holding company, is engaged in manufacturing, trading, and exporting furniture primarily in Malaysia. It is also involved in the renovation and interior fit-outs of palaces, hotels, apartments, commercial spaces, corporate offices, and institutions. It is also...
FIHB breakout Triangle Pattern with extremely high volume
Potential target price 1 @ 0.690 (X1:X1)
Potential target price 2 @ 0.830 (X2:X2)
Disclaimer:
This is intended to be used and must be used for technical analysis education purposes only. Trade at your own risk.
Both green lines form a triangle squeeze
Monitor closely, if a strong green bar appear and crossing up, is a strong buy signal.
Suggest entry price 0.595
My first TP will be 0.72
Cut loss if anything go lower than 0.52
Risk reward ratio = 1.7
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Disclaimer
This information only...
FIHB is home furnishing company. Profit for last quarter is 4mio and also profit in the previous quarter.
seems to breakout at 0.65, however, the price is to retrace at 0.55 (good entry) with low support and continue retrace till the best entry at 0.50
good luck and happy trading
Kaunter FIHB telah pun berjaya menembusi DTL 4 Tahun dan juga telah berjaya memecahkan Overhead Resistance di 0.500 petang tadi. Di jangka esok FIHB akan menyambung kenaikan sekali lagi.
Persoalannya mempukan FIHB mencapai paras 0.635 sekali lagi pada esok? Sekiranya gagal menembusi harga 0.635, FIHB akan turun sekali lagi dan mengumpul kekuatan sebalum mencuba...
