Marico: Heading towards Resistance

26 Jul 2020

This is a potential buy setup in this uptrend with SL 338.75 and targets 379 or higher towards 400 resistance zone.

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Regards

26 Jul 2020

Catatan

One of my old educational posts :)

27 Jul 2020

Catatan

Caution !!! Results today.

27 Jul 2020

Catatan

360 has been a resistance. So assuming that up trend is still intact, there could be two possible setups. Buy if price holds at A with small stop loss. OR let the stock break 360, pullback at B and then buy with a stop below the swing low.

If stock does not hold at A, then there is no buy.

28 Jul 2020

Catatan

Scenario B is working

31 Jul 2020

Catatan

370 has become a hurdle. But higher lows are still intact. Not a bad weekly close as well.

5 Agu 2020

Catatan

Trend is getting weaker.. stop to breakeven.

11 Agu 2020

Trading ditutup secara manual

at 376.5