MTOUCHE trade ideas
GO MTOUCHE GO !Hello everyone. As far as we know, many people still putting some hope for this counter. This is my view for Mtouche. What probability i can conclude....
1. Harmonic pattern which indicates the reversal price at the blue line.
2. The best decision to buy is at the blue line.
3. Let say it doesnt work, i will cut loss at the red line.
4. However, if it works, i will take profit at the green line at TP1 (Dont be greedy guys !)
Anyways, this is not a buy call. Just some knowledge to share with you guys. If you guys have some thoughts or if u have any other view on this, never hesitate to drop it on the comment box below !
Lastly ofcourse, this is just for a knowledge purposes. Trade at your own risk !
All the best traders !
Above MA20MTOUCHE has been trading above its upward sloping 20-Day Moving Average which is a good sign.
It is important to calculate the risk/reward as the recent upward movement has pushed the price to be quite far from support level of 0.0885.
Stop Loss : 0.105
MTOUCHE (0092)Currently trading at RM0.095, short term potential to 20%.
Target - RM 0.130, RM 0.170 and above
Cut loss - Below RM 0.075
Disclaimer: Analysis or results above are solely based on personal opinions. Trade at your own risk.
