There are a lot of bullish movements going on in the market since Jan 2017 such as JHM, SENDAI, SIME, MIECO, HIBISCSC, AWC, ARANK, PENTA, etc...A few of them might have reached the initial target price but the majority are still in the incipient phase of the bullish movement, suitable for scale in or second chance entry.
Do monitor your stocks for entry trigger or scale in and have proper trade management for each stock.
Alright, enough for the recap and let's start with MKH weekly chart first.
As seen above, MKH just broke out from the rounding bottom last week and it is on its way to test the 4.0 resistance, which is also its first target price, as indicated on the daily chart below based on the projection of the rounding bottom pattern.
If you are looking for some leverage, MKH has a warrant WB (expire in Dec 2017) for your consideration, with an exercise price of 1.89, which is deep in the money. Hence there is a slight discount. Its gearing is 2.5, which is pretty decent for trading purpose.
Should MKH hit 4.0, MKH-WB should become 2.1, which is another 65% upside.
I am bullish on MKH when the neckline is holding up.
Leave me a comment below and let me know what you think. If you have any queries or want to share the next big stock with me, feel free to contact me via my email or FB page below.
How to determine the "bullishness" of the patterns- https://www.facebook.com/BursaSGXcandlestick/videos/378260995905662/
The Trade Management Technique You Need To Know - http://klse.i3investor.com/blogs/candlestick/114496.jsp
Best Way To Learn To Trade Without A Mentor - http://klse.i3investor.com/blogs/candlestick/113821.jsp
Entry Setup Illustration - http://klse.i3investor.com/blogs/candlestick/113605.jsp
Stop Loss & Safe Trading - http://klse.i3investor.com/blogs/candlestick/113510.jsp
Position Sizing - http://klse.i3investor.com/blogs/candlestick/113061.jsp
Come Up With Trading Ideas & Turn Them Into Investing Ideas - http://klse.i3investor.com/blogs/candlestick/114110.jsp
Cheers,
Ming Jong
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Created by Ming Jong Tey | Jun 29, 2017
Created by Ming Jong Tey | May 25, 2017
Created by Ming Jong Tey | May 21, 2017
Obviously the writer has loaded up at 3.0 - 3.1. Now trying to entice some sorchais to push it up some more for him to unload.
2017-02-05 18:32
there is 3.4 and 3.7 resistance to break, before come to 4.00.
and never mention cut loss point.
maybe as beary sifu mentioned, he wants to unload mother and son
2017-02-05 22:15
@cubic7117 The shape looks good to me, haha...Anyway, focus on its bullish intent
2017-02-06 11:10
@Apollo Ang The upside is there...There are various entries trigger for people to take...A backtest of the neckline is one of them...Else, you can refer back to my previous posts, there are a couple pending breakout.
2017-02-06 11:14
@Beary Is that really obvious? haha. I wish I have the influence power to push up the stocks by simply writing a post here, lol...
2017-02-06 11:16
sctan If you are looking for stop loss topic, refer http://klse.i3investor.com/blogs/candlestick/114496.jsp
http://klse.i3investor.com/blogs/candlestick/113605.jsp
http://klse.i3investor.com/blogs/candlestick/113510.jsp
The liquidity of MKH is enough for a retailer like me to trade. Don't really need to post here to attract some volume.
2017-02-06 11:24
u are the only trader I see, only got one direction. so I really doubt yr intention. anyway, it is up to others to trust your story or not.
2017-02-06 11:44
cubic7117
brother round bottom dont look like that lor
2017-02-05 18:12