1) Market Outlook - Global Market (green), KLCI (green), WTI (green), Brent (green) ~ Friday (12/4) closing
2) Sector Index - Construction (red), Energy (red), FMBSCAP (green) - Friday (12/4) closing
3) Technical Analysis - Consolidation is almost over from the reducing volume, I am aiming for a bounce off resistance 1.12 for a shorter term trade
4) Fundamental Analysis - Strong fundamentals w/ 2 consecutive profiting quarters and bullish sectors (oil + construction), mid term trade is feasible with next quarterly report in end of May 2019
Entry - 1.12 (risk to reward : 3.36)
Exit - 1.255 (12% gain)
Stop Loss - 1.08 w/ high volume (-3.57% loss)
2) Sector Index - Construction (red), Energy (red), FMBSCAP (green) - Friday (12/4) closing
3) Technical Analysis - Consolidation is almost over from the reducing volume, I am aiming for a bounce off resistance 1.12 for a shorter term trade
4) Fundamental Analysis - Strong fundamentals w/ 2 consecutive profiting quarters and bullish sectors (oil + construction), mid term trade is feasible with next quarterly report in end of May 2019
Entry - 1.12 (risk to reward : 3.36)
Exit - 1.255 (12% gain)
Stop Loss - 1.08 w/ high volume (-3.57% loss)
Trade closed: stop reached
Stop loss reached due to KLCI bearish
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.