HEVEABOARD BHDLong
01/07/2020 HEVEA
*1st June Technical Idea*
HEVEABOARD BHD (Stock code: 5095)
Today we see that furniture sector was hot and may a new theme for next round rally.
we found out that HEVEA was react at demand zone but not move a lot yet. long bias & signal
combine with reverse candle pattern, entry confirmation
we think that HEVEA have opportunity to challenge last high (0.450)
*Risk: Moderate Risk*
*TP1: RM0.450*
*TP2: RM0.485*
*SL1: RM0.380*
*SL2: RM0.360*
*Risk Return Ratio:2.14x*
Strategy:
1)This was a technical play, trade with market flow and momentum
2)Value investor may accumulate at every new low prices or demand zone as long as fundamental remain.
HEVEABOARD BHD (Stock code: 5095)
Today we see that furniture sector was hot and may a new theme for next round rally.
we found out that HEVEA was react at demand zone but not move a lot yet. long bias & signal
combine with reverse candle pattern, entry confirmation
we think that HEVEA have opportunity to challenge last high (0.450)
*Risk: Moderate Risk*
*TP1: RM0.450*
*TP2: RM0.485*
*SL1: RM0.380*
*SL2: RM0.360*
*Risk Return Ratio:2.14x*
Strategy:
1)This was a technical play, trade with market flow and momentum
2)Value investor may accumulate at every new low prices or demand zone as long as fundamental remain.
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.
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.