BPPLAS trade ideas
BPPLAS Support and resistThe chart show that the price broke the previous high and retreve and supported at the lower purple box area and start showing sign of support. In bigger picture, it's pretty much showing the start of 3rd wave. P&L chips also showing there are no loss chips at the moment which mean that the price is easier to rally higher in this case.
LONG FOR BP PLASTIC HOLDING BHDThe current structure is shown the price has broken the previous high of 1.760 with momentum. The next level I'm looking at is at 2.02 in order to archive the equal leg price around 2.42~2.45 Fibonacci level.
Looking at the current EPS of 0.175 & PE ratio of 10.765 (mean ratio 18) with steady QR on their financial report will give them value and reason to hold a long position much longer until the next price cycle. The next Earning report schedule on 17th Aug 2021 will be vital data for the next movement expectation with the current Covid-19 lockdown expected will give an impact to the company revenue.
MYX:BPPLAS
www.tradingview.com
Got pick from my friendJust a simple technical matter. the third retest which interesting to me. if on monday the price not break, so the price will find the support for the next retest and find to another resistence. The volume showing good lately, but still mixed up previously but still buyer volume still the winner to take the price to push up higher. For those found this stock here, dont buy now, wait for break or retrace to support line. In my opinion, this is not a good stock but a good to watch the price pattern then enter trade with proper risk and reward.
Bye for now
BPPLAS Jangka Masa Pendek, Sederhana & PanjangJangka Masa Pendek, Sederhana & Panjang
Sektor: Industri Produk & Servis ----> Buat jenis plastik yang balut botol minuman satu pak. (Contoh)
Trend: Baru patah trend menaik
Candle terakhir: Marubozu
Cara analisis:
Buat Market Structure High & Low ----> Support & Resistance sebanyak mungkin ikut sejarah chart
Garisan warna biru = S&R lebih dari 1 tahun (lama)
Garisan warna merah = S&R 1 tahun
Garisan warna pink = Harga lahir
Garisan warna hijau = Support terkini
Tetapan Indicator
Stoch RSI: baru mula = momentum ada, kasi RSI confirm naik atas 20
Zig Zag – untuk High & Low
Volume (5)
EP: 1.13
Support: 1.10
CL: 1.08 (1 bid dari support)
TP: 1.160/1.170 (kuat)/1.255/1.335