LEESK , will it go to Wave 3? Can or not? TAYOR bro..Target W3 is RM1.15-1.22
The Company's segments are Investment holding, Foam and mattress related products, and Media. The Investment holding segment is engaged in investment holding. The Foam and mattress related products segment is engaged in the manufacturing, trading and distribution of mattresses, bedding accessories, laminated foam, polyurethane foam, natural latex foam and other related products. The Media segment is engaged in media advertising. Its subsidiaries include Lee Swee Kiat Holdings Sdn. Bhd., which is engaged in investment holding and management; LSK Napur Latex Sdn. Bhd., which is engaged in the manufacturing of natural latex foam and bedding accessories; LSK Mattressworld Sdn. Bhd., which is engaged in the manufacturing, branding, marketing and distribution of mattresses and bedding accessories, and LSK Lamifoam Sdn. Bhd.
LEESK trade ideas
LEESK INTRA-SWING OPPORTUNITY.Please look at the chart comment for detail.
Current Opinion:
Intra-swing can buy within the area.
Note:
Long Term- Holding for a yearly review (1 year up to 5 years or more)
Short Term- Holding for a monthly review(1 week up to a year or more)
Intra-swing - Holding for a weakly review(1day up to 12 weeks or more)
LEESK Target LONGTA
As we can see price currently making compression (cp) or falling wedge a continuation signal for long in this situation. It is a nice area to place order.
FA
For fundamental perspective overall is good for this counter
PE : 11.65
DY : 5.0
QR : 1.3M (reduce but still positif)
AR : 1.3M (reduce but still positif)
Lee Swee Kiat potential target1.15
Uptrend with target 1.15 at least
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SHORT/MEDIUM TERM TRADE - LEESK- POTENTIAL BREAKOUTLEESK is a profitable company, attempting the Resistance zone with strong volume signalling potential breakout might be inevitible.
If price manage too break resistance zone, price might be heading to R1 fibo projection of 1.628. Take profits regularly to avoid dissappointment.
Cut losses short if price went below S1.
Leesk: A possibiltyOn the daily chart , the stock still in uptrend as the price traded above the uptrend line. However, yesterday price plunged to the lowest of RM 0.73 indicates traders having a profit taking session after it climbed since 26/4/2018. Today, on the first 2.5 hours morning sessions, the stock price stand in a range of 50%-61.8% Fibonacci level and Psychology support level at RM 0.70. Rebound at 50%-61.8% Fib level or at RM 0.70 will trigger the uptrend and we expect the first target will be at the high of the red candle (2/5/20180) @ RM 0.79.
Disclaimer: This is for Technical Analysis study purposes.
LEEKSOn the daily chart, the stock still in uptrend as the price traded above the uptrend line. However, yesterday price plunged to the lowest of RM 0.73 indicates traders having a profit taking session after it climbed since 26/4/2018. Today, on the first 2 hours morning sessions, the stock price stand in a range of 50%-61.8% Fibonacci level and Psychology support level at RM 0.70. Rebound at 50%-61.8% Fib level or at RM 0.70 will trigger the uptrend and we expect the first target will be at the high of the red candle (2/5/20180) @ RM 0.79.
Disclaimer: This is for Technical Analysis study purposes.
