PRG trade ideas
PRG - Pre Consolidation BreakoutTHIS IS NOT AN INVESTMENT ADVICE. TRADE CALLS ARE NOT PROVIDED. INFORMATION SHOWN ARE FOR TECHNICAL ANALYSIS PURPOSE.
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Please consider your own interpretation of Opportunity & Risk. The author of this post strictly follows the Malaysian Security Commission ( SC ) Guidelines on the prohibition of Investment Advice by unlicensed parties. Any examples shall use historical charts without any recommendations and not to cause inducement to the public to take action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives. The author will never provide any investment or trading advice as the activity of giving investment advice is likely to be considered as a regulated activity under the Capital Markets and Services Act 2007 ( CMSA ). All posts made in Tradingview do not include any communications involving providing recommendations or opinions or includes any material, content or any statement which are likely to induce a person to take any action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives that is likely to be considered as “advising others concerning securities or derivatives”. The author will not recklessly make any statement, promise or forecast that is misleading, false or deceptive to induce or attempt to induce another person to deal in securities or derivatives. None of information posted in post can be used as investment decisions. Do not trade solely on the information posted. 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.
Enter First, Fly LaterCorporate Name : PRG HOLDINGS BERHAD
Symbol & Code : PRG (7168)
Board : MAIN
Shariah : Compliant
Sector : Consumer Products & Services
Sub-Sector : Personal Goods
• Weekly: PRG has been in accumulation phase since April last year. It’s a comeback after a massive price drop last year.
• Daily: Volume is increasing and there is a gradual climb in price
• EP: 0.2-0.25
PRG WILL BREAKOUT IF PRICE MAINTAIN ABOVE 0.180 ON 12.10.2020TP After breakout
FIRST TP 0.19
SECOND TP 0.195
THIRD TP 0.200
FOURTH TP 0.210
FIFTH TP 0.235
FIRST SUPPORT 0.185
SECOND SUPPORT 0.18
THIRD SUPPORT 0.175
FOURTH SUPPORT 0.17
FIFTH SUPPORT 0.165
SIXTH SUPPORT 0.16
LAST SUPPORT 0.155
IF BREAK LAST SUPPORT, MOST PROBABLY WILL GO DOWN MORE
CONTRA PLAY SETUP! DEFINITELY A BUY SIGNALPRG reported profit for this QR, and from technical wise, i say it definitely a buy signal. From what i see, if you want to entry. You can que 0.205 for the best price. I think you can get the price tomorrow (10/7/2020). From the setup itself shown that you can hold atleast the price is touching EMA200. So your first Target price is 0.355.
However trader at you own risk. I personally think PRG can go above 0.400sen. But you need to hold and be patience.
