(5095) HEVEA
- Newly formed uptrend stock.
- Maintain sideways trend movement.
- Sideways resistant high at RM0.555.
- Sideways support at RM0.485.
- Midpoint at RM0.495.
- Trade set up allowed at within the sideways range.
- Execute Stop Loss (SL) when price action breaks down sideways support at RM0.485.
- Holding power on trade set up towards a breakout...
Disclaimer: Past performance is not a guarantee of future return, nor it is necessarily indicative of future performance. Keep in mind investing involves risk. The value of your investment will fluctuate over time and you may gain or lose money.
Higher High and Higher Low
*1st June Technical Idea*
HEVEABOARD BHD (Stock code: 5095)
Today we see that furniture sector was hot and may a new theme for next round rally.
we found out that HEVEA was react at demand zone but not move a lot yet. long bias & signal
combine with reverse candle pattern, entry confirmation
we think that HEVEA have opportunity to challenge last high...
My view on this counter. 3-drive pattern formed @ weekly TF and price bounce from the 3rd drive.. Now price seems to retrace. Expect price to retrace until 0.32 where decision point/ entry point will be made. - Entry at Inside bar . Min SL and Good Rewards
Life is simple...Trade with Simplicity!
BUY Signal = (BT-Yellow-Diamond), (White-Candle), (Green-Upward-Triangle), (White-Star)
SELL Signal = (Red-Dot), Red-Downward-Triangle)
*The trend direction: Extended (Green background) Uptrend. (Must not break the S2 to maintain the trend)
*The Bottom signal (BT) was sighted on 10-Dec.
*Price tested the lifeline (Redline)...
HEVEA potentially have made a cup & handle pattern. The handle briefly break the resistance line. A push beyond this top would potentially gave us a minimum price target towards 0.63 level with stop loss just below the low of the handle pattern.
We found a lots of stocks with potential breakout in KLSE . Below are the stocks in this review:
1. Syarikat Takaful
2. Superlon
3. Inari
4. GTronic
5. Heveaboard
Which are the best?
Send us your preference stock to review based on TradeVSA chart by comment at below.
Disclaimer
This information only serves as reference information and does not constitute a...
