HEIM - Break MA200 with forecast earning will recover slowlyHEIM - Break MA200 with forecast earning will recover slowly
Long term investor and high dividend investor call
(Disclaimer: for demonstrate own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk)
HEIM trade ideas
HEIM 21/06/2020*21st June Technical Idea*
HEINEKEN MALAYSIA BERHAD (Stock code: 3255)
After new high created at 20 April, we see that HEINEKEN was drop back and react at demand zone on last Friday. Long bias
if share price can trade above 22.315 we will consider is long confirmation and riding the trend to break last high.
Under RMCO we see that some restaurant and bar are getting back food traffic. for consumer recovery play HEINEKEN may a potential name.
*Risk: Moderate Risk*
*TP1: RM23.22*
*TP2: RM24.235*
*SL1: RM20.990*
*SL2: RM17.810*
*Risk Return Ratio:1.43x*
Strategy:
1)This was a limit trade to wait the momentum and buy flow come.
2)Value investor may accumulate at every new low prices or demand zone as long as fundamental remain.
Candlestick analysis in Heineken chart
Stock: 3255 Heineken
Chart: Daily
Period: June - July 2018
Hanging Man appears on June 7, indicating an end to the bullish trend. This is further confirmed with the next day red candlestick close which is lower than the Hanging Man close. Trend then changed to bearish until June 26, which a hammer appeared. This indicates an end to the bearish trend. The bullish confirmation is given when the next day's green candlestick closed higher than the bullish hammer.
If you've long right after the hammer you would have profited handsomely.