HARNLEN trade ideas
A Breakout Signal!A significant price movement on recent trading makes a breakout signal with price candlestick closed above MA20. MACD and OBV charts indicate a positive uptrend. High possibility of a long trade position. To place your bid, it is best practice to use the VWAP indicator as a guide and place your bid below the VWAP line. Put HARNLEN in your WL and watch out for more price movement with volume.
R 1.020
S 0.895
HARNLEN - momentum built upWe observed cup and handle pattern in the stock at daily timeframe, giving a potential of +41% upside. It would be safe to enter after it breaks the 0.785 resistance.
EP 0.790
TP 0.945, 1.000, 1.05
SL 0.665
RRR 1:2.25
In weekly timeframe, MACD confirms a breakout bias, therefore we believe on breakout to happen next.
HARNLEN is a light stock with very little float (10% of 192M shares) compared to its competitor MHC (34% of 196M of shares). The sentiment of high palm oil price could have push the stock price further. With this sentiment continues, we could see bull movement of the stock.
TAYOR
HARNLEN - Neutral with Bullish Bias
Please consider your own interpretation of Opportunity & Risk:
NO BUY CALLS OR INVESTMENT ADVISED ARE PROVIDED.
DISCLAIMER: This analysis is for reference and learning purposes only. It is based on my personal view in the market from a technical analysis standpoint. None of information posted in this chart can be used as investment decisions or investment advises to any parties. Do not trade solely on the information posted in this page. Trade at your own risk and judgement. A trader could potentially lose all money. Only risk capital that can be lost without jeopardizing ones financial security of lifestyle. Please seek licensed professional guidance if you plan to invest your capital seriously.
PENAFIAN: Analysis ini hanyalah untuk tujuan rujukkan dan pembelajaran sahaja dan bukan cadangan untuk membeli atau menjual stok atau apa jua jenis instrumen kewangan. Anda dinasihatkan untuk menghubungi remieser / dealer / bank pelaburan yang mempunyai lesen atau kelayakan yang sah untuk bertanyakan pendapat dan menguruskan pelaburan anda. Pelaburan dan perdagangan mempunyai risiko tinggi, dan ianya adalah Risiko Anda Sendiri.
