SWKPLNT trade ideas
DARVAS BOX SWKPLNTStrong fundamental company,lots of institution there.Price has just make a huge movement in high volume.Looks for breakout of the box
SWKPLNT near support MA50 with volumeSupport = 2.36
Resistance = 2.63
This stock looks uptrend and near support at MA50 with volume more than average.
Monitor price close above 2.40Currently, price close above R1. If price close above 2.40, TP = 2.48 / 2.59.
TF: 2-4 weeks.
Disclaimer: TAYOR.
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-top 20 jewels frm a very popular local bank...
-technical : let's look at some price action...
Swkplnt has been in DOWNTREND since 2012…until recently, the price still hasn’t broken abv the downward trendline…so, technically, it is still in downtrend…
current support : RM1.50
strong support : RM1.36
resistance : RM1.74-2.00
higher resistance : RM2.10 (critical and break abv this indicates breakout frm the downward trendline
Overall, Swkplnt is in a downward trendline…uhm…wait for a breakout first, ok? then we wait for buying opportunity…
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds…DON’T LOSE MONEY THAT YOU CANNOT AFFORD…any idea(s) of trading in this episode shall not be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
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