NOW SHOWING: The Trilogy of FAST & FURIOUS Shows - PART 12 --
SEE_ RESEARCH introduce on Special Trading Buy / Technical Buy ---
S H Chan 4316
Author: SEE_Research | Publish date: 26 Aug 2021
S H Chan /4316 =
F O C U S
F = FOLLOW
O = ONE
C = COURSE
U = UNTIL
S = SUCCESSFUL
SPECIAL TECHNICAL CHART FOR TRADING BUY for 24 August 2021 onwards
(AAA) S H Chan /4316
This stock is in Plantation sector ,
The crude palm oil (CPO ) climbed to a high level on 6 May 2021 , RM 4,680.00 per tonne.
and some high level of focus will be directed to crude palm oil stocks.
SH Chan is the proxy of this palm oil stock right now.
This stock , with improving RSI, MACD indicators ,
*** has managed base building at RM 0.50 to RM0.55
*** to technically break out at RM 0. 56 with
*** high volume done 1,654 lots on 19 August 2021,
*** next immediate resistance
1 St Target Price -RM 0.68 done on 12 May 2021.
*** having done 2,194 lots on 13 August 2021 ,
*** having done 813 lots on 23 August 2021,
*** it has gather and accumulated positive momentum to charge
***and need to overcome the current high
2 nd Target Price : RM 0.82 , done on 10 May 2021 .
The past few trading days are very low , averaging 150 lots to 218 lots per day
( 1 lot = 1,000 shares )
Potentially, for this coming week ,starting from 25 , 26 , 27 August 2021 , onwards
(i)1st Target Price :
RM 0.68 level
( 17 % )
(ii) 2nd Target Price :
RM 0.82 level
Failure to hold on to the immediate support level of RM 0.50
may indicate weakness in the share price and hence is a cut loss signal,
The last stop loss is at RM 0.50 and has to exit.
Please view the 1 video clip on the oil palm plantation with their sustainable cultivation.