@keko789 - buy in batches and do risk management before report. see2 parkson pattern yeah - gap up, close gap, rest and up again. folo d pattern. Hehe. 0.3xx next. Gogogo.
Parkson may test the multi-month high, as a strong bullish momentum is in effect. The stock has broken past the MYR0.215 resistance on strong volume. While the share price is moving upwards, the trading volume is increasing in tandem as well. Riding on this momentum, the stock should travel towards the next reistance of MYR0.24, followed by MYR0.26. Breaching below the MYR0.20 support would dent market sentiment and kick off a correction phase.
Parkson may trend higher after it surged to a new 52-week high and closed above the RM0.20 resistance a few sessions ago. In view of the uncovered upside gap formed on 5 Jul and together with rising EMAs, bullish momentum is likely to pick up further. A bullish bias may emerge above the RM0.215 level, with stop-loss set at RM0.19, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM0.24, followed by RM0.26.
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....
Keko789
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Posted by Keko789 > 2023-07-05 15:26 | Report Abuse
is it to late now to enter?