It’s a classic case of a cup & handle pattern - pretty much straight out of a textbook.
If you’re a fan of Bulkowski’s C&H pattern trading strategy, you might want to wait for the price to break above RM0.270. That way, you can aim for RM0.285, using the handle low of RM0.240 as your stop loss.
But if you’re in it for the long haul, you might want to...
>> potential rebound at FVG area?
>> Hull MA is red ATM.
>> Still inside Parallel Channel.
Let see how it go.
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible for any losses or lost...
The new born baby (IPO), price was keep pushing down since the second day of its trading.
Question, shall we catch the red (falling knife 🔪)?
Personally won't do that, especially it trade below Hull MA (when it's red)
Base on 2h chart, Stochastics is OB and heading down. Better let it find the base before enter the market. A slightly premium price for uptrend is...
