Last closing price: RM0.865 / as at 5.00 pm ., 23 July 2021
Potential return: 13 %, 26 %
Stop Loss: RM0.70
Possible for further positive recovery.
KSSC is recovering from its technical retracement phase, with anticipation of continuous improvement in both momentum and trend in the near term. Should the immediate resistance level of RM0.94 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM 1.05
However, failure to hold on to support level of RM0.70 may indicate weakness in the share price and hence, a cut-loss signal.
Just like the escalator at the bottom , sooner or later ,it will move to the top.
Just remember to record down this report before the big move on the prices ,
that will be surging even before we notice.
Thanks for reading and see you in the next post.
THE ABOVE IS NOT A BUY OR SELL CALL AND IS ONLY A PERSONAL OPINION , WRITTEN AS ARTICLE FOR SHARING PURPOSES TO KLSE COMMUNITY MEMBERS.
DISCLAIMER : Investment involves risks, including possible loss of investment and other losses.
This article and charts are provided for information only and should not be construed as a solicitation to buy or sell any of the instruments mentioned herein. The author may have positions in some of these instruments. The author shall not be responsible for any losses or profits resulting from investment decisions based on the use of the information contained herein. If investments and other professional advice are required, the services of a licensed professional person should be sought.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....