1) Market Outlook - Global Market (green), KLCI (green) ~ Friday (12/4) closing
2) Sector Index - Industrial Prod (red), FMBSCAP (green) - Friday (12/4) closing
3) Technical Analysis - Consolidation is almost over from the reducing volume, I am aiming for a bounce off resistance 0.36 and trend line with a doji formed for a shorter term trade
4) Fundamental Analysis - Strong fundamentals w/ 2 consecutive profiting quarters and with FBMSCAP bullish, mid term trade is feasible with next quarterly report in end of May 2019
Entry - 0.37 (risk to reward : 2)
Exit - 0.4 (8.1% gain)
Stop Loss - 0.355 w/ high volume (-4.05% loss)
2) Sector Index - Industrial Prod (red), FMBSCAP (green) - Friday (12/4) closing
3) Technical Analysis - Consolidation is almost over from the reducing volume, I am aiming for a bounce off resistance 0.36 and trend line with a doji formed for a shorter term trade
4) Fundamental Analysis - Strong fundamentals w/ 2 consecutive profiting quarters and with FBMSCAP bullish, mid term trade is feasible with next quarterly report in end of May 2019
Entry - 0.37 (risk to reward : 2)
Exit - 0.4 (8.1% gain)
Stop Loss - 0.355 w/ high volume (-4.05% loss)
Trading ditutup: stop tercapai:
KLCI bearish, stop loss reached