KGW is poised to extend its upside movement after climbing above the resistance level with strong volume. The counter has breached the MYR0.255 resistance to form a fresh “higher high” bullish candlestick. Volume is rising in tandem with the share price, suggesting that strong bullish momentum is underway. Based on the momentum, the counter is setting its sights on the next resistance at MYR0.30, followed by MYR0.34. However, a fall below the MYR0.215 support would negate the bullish setup.
@HosayLiu 'Smart move, necessity. Enter when there's a retracement ,rather than chasing it higher afterwards'
medium-term conditions improve, current share price for me a fair value, with global market retracement bringing the P/S back in line with expectations. most judgement based on bias of the previous Q (improved by the way). in fact some don't realized momentum of the business lately. trump win or not.. new tariff change the game. i am in for long game. wish u all the best and prosperity ahead..
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....
SuperTrump69
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Posted by SuperTrump69 > 2 weeks ago | Report Abuse
KGW is poised to extend its upside movement after climbing above the resistance level with strong volume. The counter has breached the MYR0.255 resistance to form a fresh “higher high” bullish candlestick. Volume is rising in tandem with the share price, suggesting that strong bullish momentum is underway. Based on the momentum, the counter is setting its sights on the next resistance at MYR0.30, followed by MYR0.34. However, a fall below the MYR0.215 support would negate the bullish setup.