S.S. Oil Mills Ltd.
Diupdate

Technical Analysis and Swing Trade Setup for SSOM

62
1-Hour Time Frame

Technical Overview

EMA 21 crossover EMA 50: Bullish crossover confirming short-term upside momentum.

Fibonacci Retracement: Price rebounded from the 0.618 golden zone, indicating a strong continuation setup.

MACD: Bullish crossover above the signal line — momentum shifting positive.

RSI: Trending upward around 66–70, still below overbought — supports further upside.

Volume: Noticeable increase on the breakout, confirming buying strength.

Swing Trade Plan

Buy Entry: Current market price ≈ PKR 376–378

Target Price (TP): PKR 445

Stop Loss (SL): PKR 372 (below recent swing-low and 0.618 retracement zone)

Risk-Reward Ratio: ~1 : 3 (good swing setup)

Trade Summary

Trend: Bullish short-term continuation

Pattern: EMA crossover + Fibonacci retracement rebound

Indicators: RSI and MACD both showing bullish signals

Confirmation: Volume breakout adds strength to the move
Trade aktif
Trading ditutup: target tercapai
SSOM trade update: Target price (TP) hit successfully!
Now using a trailing stop loss strategy — if price breaks down below EMA 9, I’ll close the trade.

Pernyataan Penyangkalan

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