EKOVEST trade ideas
EKOVEST16th June Technical Idea
EKOVEST (Stock code: 8877)
After 19 May Ekovest fail to break last high (open high close low),
yesterday share price drop to demand zone, potential long bias
and today share price react as open high close higher, potential long entry signal.
Property and construction sector is slowly being notice by investor possible switching from glove counter.
we think that is a potential trade at the zone area (0.470 - 0.650)
Risk: Moderate Risk
TP1: RM0.620
TP2: RM0.715
SL1: RM0.490
SL2: RM0.470
Risk Return Ratio:2x
This trade is fully technical call and need sector catalyst to kick off the share price.
1) Aggressive trader can consider for contra trade
2) Conservative investor can accumulate at every demand zone as long as fundamental remain
3) if share price cant sustain at 0.490 will further test 0.470 level.
EKOVEST, Strong Breakout Followed by 3 Black CrowsBias: Bullish. After a strong breakout on the 13th Dec 2019, the next 3 trading days saw the price experiencing retracement with 3 black crow candles formation. #bulltrap
Stop-loss: 0.830
// This stop-loss point is really tight; please manage your risk expectations. Previous swing high and 50% price retracement zone.
1st target: 0.950
// Previous high as resistance.
2nd target: 1.09
// Fibonacci 1.618 extension .
Gentle reminder: Plan the trade and trade the plan. Trade at your own risk. Peace out!
Guys, if you like the idea, please "like" it, this will be the best thanks.
If you have any questions or trading ideas, please post them in comments!
Thank you for your support, we appreciate it.
Price Action of EKOVEST, brother of IWCITY! First of all, congrats to the students for all the analysis done in the Nov Trading Group. PM to join for Dec Trading Group!
EKOVEST: How did we catch EKOVEST before the majority at RM0.785 on Tuesday? EKOVEST had made a successful Triangle Consolidation Breakout when it broke RM0.785, which was the first signal triggered with increasing volume . Spot the signal and trade with plan!
ShareWorldConsulting had given the trading idea to the members in the private Nov Trading Group and public group on Tuesday. Congrats to those who followed!
When EKOVEST broke and stood firm above RM0.800, indicating a strong momentum was continued to be generated! We are looking forward for a targeted price of RM0.900 in a very near term, after the nearest resistance of RM0.885 to be broken.
Overall, this counter has given a return of 8.96% in 2 days and we are looking for a total return 14.36% .
#Ridetillmax
Obviously, the price action of EKOVEST is the same as IWCITY. Does anyone spot this? What's your opinion on this? Something might be brewing.
Trade on breakout will always generate a huge return if the direction is correct. Leveraging on warrant on breakout trade will provide even a higher return, together with a higher risk to be taken.
Gentle reminder: Plan the trade and trade the plan. Stay tune!
Guys, if you like the idea please put like button, this will be the best thanks.
If you have any questions or trading ideas you can post them in comments!
Thank you for your support, I appreciate it.
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EKOVEST - Bullish Breakout from Huge Symmetrical Triangle EKOVEST
Trend: Bullish breakout
Rst: 0.90
Spp: 0.84
Green candle pushed the stock above breakout zone with strong volume, indicators are rising which signals further upside shall roll in again, but please note as well 0.90 is very strong resistance level.
EKOVEST BHD Stay Long Towards 1.000 With weekly and daily price closure maintain above 21-Day Moving Average, its indicate price is intend to move further upward towards 1.00 per share price. However, the closure of the price need to be consistently above 0.7500 to support the bullish movement. Best buy price is around 0.730-0.750 with Stop below 0.700.
