TradeVSA - Stock Trade Ideas

Guan Chong (5102.KL) Completed Pullback Pattern

TradeVSA
Publish date: Wed, 05 Dec 2018, 02:54 PM

 

Yesterday, we do share about how Pullback Pattern form using Revenue daily chart. You can refer to the URL link below for Revenue post on the Pullback Pattern:

https://klse.i3investor.com/blogs/tradevsa_stock_ideas/185165.jsp

 

Currently, Guan Chong is forming a similar pattern and the Pullback just completed on 4 December 2018. Notice there is no Sign of Weakness in the recent bars indicating Smart Money yet to distribute the stock. The confirmation from this Pullback gave traders another opportunity to trade with lower risk. Do note that the background based on the daily chart is still strong. Read the post below as we spotted Guan Chong in October 2018

https://klse.i3investor.com/blogs/tradevsa_stock_ideas/177965.jsp

 

Stop Loss = $2.74

1st Target = $3.15

2nd Target = $3.30

 

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Disclaimer

This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock.

 

Discussions
Be the first to like this. Showing 1 of 1 comments

ksng0307

Never buy near resistance, you buy you die

2018-12-05 15:32

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