FOCUSP 24/06/2020
*24 June Technical Idea*
Focus Point (Stock code: 0157)
we see that focus point downtrend was broke yesterday,it look like buy flow is coming, long bias
if share price can break 0.460 and maintain it increase the possibility to challenge next resistance 0.495 even 0.520, waiting the confirmation
if share price cannot sustain at 0.415 it will consider technical week and will test next support area.
*Risk: Moderate Risk*
*TP1: RM0.520*
*TP2: RM0.565*
*SL1: RM0.415*
*SL2: RM0.390*
*Risk Return Ratio:2.33x*
Strategy:
1)This was a limit trade to wait the momentum and buy flow come.
2)Value investor may accumulate at every new low prices or demand zone as long as fundamental remain.
Focus Point (Stock code: 0157)
we see that focus point downtrend was broke yesterday,it look like buy flow is coming, long bias
if share price can break 0.460 and maintain it increase the possibility to challenge next resistance 0.495 even 0.520, waiting the confirmation
if share price cannot sustain at 0.415 it will consider technical week and will test next support area.
*Risk: Moderate Risk*
*TP1: RM0.520*
*TP2: RM0.565*
*SL1: RM0.415*
*SL2: RM0.390*
*Risk Return Ratio:2.33x*
Strategy:
1)This was a limit trade to wait the momentum and buy flow come.
2)Value investor may accumulate at every new low prices or demand zone as long as fundamental remain.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.