PUC trade ideas
PUC - Opportunity to enter long (Learning Notes #6)Hello Traders around the World and Malaysia,
I am currently learning Technical Analysis, and the ideas I post are what I call ("Learning Notes").
Comments on my analysis are very much welcome and will be greatly appreciated.
Let us learn together, and grow together to be a better trader!
Sincerely,
Kenneth Lee
This is not a buy/sell recommendation. Trade at your own risk.
BEARISH ABCD, SUPPORT LINE & THROW UNDER ELLIOT WAVETerdapat pattern BEARISH ABCD menunjukkan price boleh menuju ke fibo 1.618 sebelum membuat reversal semula kebawah. Ada kemungkinan price akan stagnent sebelum melonjak keatas.
Namun, harga telah break support line short term. Boleh ke menuju ke line support weekly kat bawah ? Atupun dia cuma melakukan throw-under dan akan masuk semula kedalam line support daily ?
Tayor....
PUC (0007)Currently trading at RM 0.160.
In the optimistic situation the price can push up to RM 0.220 level without resistance.
In opposite view, price can retrace back to RM 0.13 before another short term push up.
Short term Target - RM 0.220
Cut loss - RM 0.120
Disclaimer: Analysis or results above are solely based on personal opinions. Trade at your own risk.