ATAIMS - Good risk/reward trade.ATAIMS has a peak of 1.355 and gradually down to 1.21 and got supported at 1.250 without further sell down.
1) It is now breakout from recent downtrend.
2) Got chance to complete a AB=CD pattern at 1.64 level.
3) Good risk to reward ratio. Risk 9 sens for 35 sens gain or more.
4) ATAIMS is good fundamental company.
5) only draw back is vol is still low.
ATAIMS trade ideas
<TradeVSA> No Weakness Yet in ATAIMSStrength Signal in the Chart:
1. Green pentagon
2. High volume
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
ATA IMS poised to breakout with a 14% upside?ATA IMS is a contract manufacturer in Malaysia and it is often viewed as a proxy to Dyson Ltd, a British technology company founded by James Dyson in 1991, focusing on design and manufacturing of household appliances.
The share has been in consolidation mode since early April this year and it has been trading above the 52 weeks EMA. It is facing a strong resistance at 1.65. A buy order should be placed at 1.66 with a 3-5% stop loss below. It will have a PT of 1.9 which translate into a potential gain of 14%