ESCERAM (0100)
Current trading price at RM 0.190
Updated status for this counter as i think there is high upside potential.
I assume the previous high is wave 1, and current bottom as wave 2, so here we expecting the impulsive wave 3.
If wave 3 happened, there should be a strong event to trigger it, might be the superb financial results or corporate activity news.
Anyway, the previous idea posted on 22/05/2018, I still stand the same view as this is a bottom for this counter. Cut loss level quite far as we talking about 7X of investment return in future, and it does survive from current worst market situation. So I do expecting it will perform well from this level.
Lets go!
Target - RM 0.645, RM 1.00 and RM 1.55
Cut loss - RM 0.10
Disclaimer: Analysis or results above are solely based on personal opinions. Trade at your own risk.
Updated status for this counter as i think there is high upside potential.
I assume the previous high is wave 1, and current bottom as wave 2, so here we expecting the impulsive wave 3.
If wave 3 happened, there should be a strong event to trigger it, might be the superb financial results or corporate activity news.
Anyway, the previous idea posted on 22/05/2018, I still stand the same view as this is a bottom for this counter. Cut loss level quite far as we talking about 7X of investment return in future, and it does survive from current worst market situation. So I do expecting it will perform well from this level.
Lets go!
Target - RM 0.645, RM 1.00 and RM 1.55
Cut loss - RM 0.10
Disclaimer: Analysis or results above are solely based on personal opinions. Trade at your own risk.
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