Accumulation on critical support ( since may) seems like completed . Recent pullback around 18%.
Trade ideas for this counter. Price reacted to SSR - Significant support resistant at weekly TF. Double S - S1 and S2 act as fakeout area where price always break this level to fill order below. Happy Trading TAYOR
Pantech testing resistance at .495 . Next resistance at .535 level.. Rising short term and long term MA & EMA suggest strong upward rising trend on the daily chart. Vaccine is arriving and economy is expected to recover and hence driving commodities including oil higher, the sentiment towards long beaten down stock has improved and this would fuel the further...
TA Major trend overall still downtrend if refer to HTF, as we can see price already test demand and now try to push for long. Looking for long as long as price able to maintain above LL 0.245. Best buy area demand when there is reversal candle or bullish structure form at that area. FA PE : 14.33 DY : 4.11 QR : -5.6M AR : -5.6M
Price consolidation around d.355- .385. Success breakout from .385 which turn into support. Has tested resistance at 0.41 and going to test resistance zone form along trend line and previous resistance resistance around .40-0.41 .. Opportunity to long once stay above .41 for few trading days.
Trade ideas for this counter. Price react at inverted left shoulder level and become right shoulder. Start moving up from here.
Look for breakout above 0.615 Resistance : 0.650, 0.700 Support : 0.600 Cutloss : 0.595 Risk Reward Ratio : 1.8x
Escalating US-China trade war to have negative effect on manufacturing segment. To suspend all carbon steel exports to US. Cut FY19-20 earnings due to unexpected preliminary circumvention. Downgrade to HOLD with TP of RM0.60. Based on Valuation TP of RM0.60 is based on 12x CY18 EPS. This is in line with +1SD of its historical mean PE. Key Risks - Escalating...