PENTAMASTER CORPORATION BHDDiupdate Possible breakout of the triangle?
BUY
- under 6.00 with a stoploss when it breaks the lower trendline
- average up if it breaks 6.10 and 6.25 with increasing volume
SELL
- there are multiple resistance from the previous bull cycle since last year
- nail some profits if it can't break the resistance
RATIONALE
- the recent sell-downs were because of the possible hike rate and overvaluation of tech-related stocks
- possible entry was around 5.70 with a stoploss around 5.50
- came back down with a long red candle WITH shadow which might indicate interest in the stock still - need time to monitor the possible future trend
- if the trend is still intact, there might be a breakout of the triangle when QR is out soon
- FPE might bring the valuation down albeit the overpriced scenario across the tech/industrial board in KLSE
**the analysis is solely for my own references and learning
- under 6.00 with a stoploss when it breaks the lower trendline
- average up if it breaks 6.10 and 6.25 with increasing volume
SELL
- there are multiple resistance from the previous bull cycle since last year
- nail some profits if it can't break the resistance
RATIONALE
- the recent sell-downs were because of the possible hike rate and overvaluation of tech-related stocks
- possible entry was around 5.70 with a stoploss around 5.50
- came back down with a long red candle WITH shadow which might indicate interest in the stock still - need time to monitor the possible future trend
- if the trend is still intact, there might be a breakout of the triangle when QR is out soon
- FPE might bring the valuation down albeit the overpriced scenario across the tech/industrial board in KLSE
**the analysis is solely for my own references and learning
Catatan
avoid tech
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.