ENTRY: 0.99 SL: 0.93 TP1: 1.02 TP2: 1.07 - ADX>20 - Daily RS -ve - Daily FFI +ve - Weekly RS +ve - Weekly FFI +ve - Moving averages are aligned. - Triangle pattern with buyers-in-control. - Narrow price range leading up to today's breakout with volume. - Entry today based on breakout and >3% rebound off 10EMA with volume
This is not a Trade Setup. Hong Fok have been a wide side way movement since 2014 from 0.530 - 1.020. There are strong demand coming in each time price dip to 0.650. Selling occurs around 0.890. Playing within this sideway movement is possible, however be sure to buy close to the lower end (0.550-0.650). Strong momentum can sometime push this counter above 0.900...
View On Hong Fok (28 Aug 2020) It has hit strong "support" region of $0.65 right now and we are seeing some bullish price action with it too. It may spill some bullish move in the near future and it can swing back up to $0.69 or even higher. Let's see. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank...
stock in narrow uptrend channel. likely due to better than expected result released on 28 Feb but overall market can down after that. After market recover, stock move upwards. Potential support line @ 0.7 and resistance line @ 0.84. Long position with stop-loss @ 0.7 and take profit @ 0.84
View On Hong Fok (6 APR 2020) After the huge fall in 2019, this little use-less counter is finding some value and it is making a comeback. We can say it is a short-covering rally. It can rise to 0.65 or even toward 0.69. Do not short as it may drift higher first (or) you can go in the LONG side with great caution. DYODD, all the best and read the...
View On Hong Fok (29 Apr 2019) Did you follow our BEAR view for the past month? Money in the bank. yo! It has moved to the swing level and it 'may' be able to do some rebound. But it is better to wait at a strong resistant level to SHORT it down instead. All the best. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" ...
View On Hong Fok (25 Mar 2019) We had a BIG UP recently and I expect we had a lot of retail traders are on board. And it might be in for a pull back. It should go to 0.9 to 0.92 range "easily" first. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading foreign exchange...