This trading plan suitable for small capital player try to take advantage of bursa saham.
You can start from RM1000.. but will take time to grow account due to daily timeframe trading.
Trading plan :
1. Wait the MA crossover pink MA..
2. Wait for re-entry zone when price retest pink MA + oversold stochastic
3. Draw fibo extension for taking profit.. 1st TP can be 100% and furthermore above..sky is the limit ;)
but dont forget the exit plan..if anything goes wrong..
when the MA cross below pink MA and price reject pink MA become...
When I perform my trade, I will make sure that I do understand the business and its potential. Be clear on their vision and mission, understand their business (at least on the surface level), deep dive on their challenges faced, and any potential focus/prospectus ahead.
Trust me, its not rocket science. You just have to spend some time looking for the right info...
Refer chart for the GFM Trading idea
- GFM close price today close at .310, 1 bid below the nearest resistance at .315.
- GFM oday in a strong momentum and based on RSI, the momentum in climbing mode and expected to continue it rally tomorrow.
- Be monitor the move of the price and momentum trend.
- Need to break the downtrendline as it can be start of change...
1. Bankerchip (5%) vs Lockchip (60%) - Retailer still a majority hence stricter CL discipline needed
2. Double bottom pattern seems to tally the target price to reach the previously achieved price of 0.415. Entry suggested will be around 0.38 and above and following candle should at least close above 0.375 to confirm breakout. CL level will be based on the price...
![GFM: [stereobiru] GFM Trading Idea](https://s3.tradingview.com/f/FBuWnaul_mid.png "[stereobiru] GFM Trading Idea")
