Read article here
Chart wise, it has broke out of its bearish trend line and looks set to go higher.
Go to smaller time frame and initiate your long position.
ENTRY: 1.30
TP: 1.41
SL: 1.22
- RSI>60
- Would like ADX to be >25
- 10MA and 40MA cut above 100MA
- 100MA still pointing down
- 200MA flattening
- Break-up with decent volume
- Higher lows
- Good volume today
Trade Plan,
1st Target price @ S$1.28 (Net HVN)
Stop loss a@ S$1.13 (Below current HVN)
Risk/Reward Ratio: 2.75x
Technically,
Stock is displaying bullish character (rally on increase vol and consolidates on reduced vol). Thus we have expectations of the breakout to materialise. Next HVN level gives us a RR Ratio of 2.75x with stop below current...
stock is losing its uptrend momentum and trading sideways. It is near the mid-point of the channel. To wait and see if it will break the upper bound of channel or break the lower bound. Potential action depends on further movement.
