Long
Short Term (Contra Trade) : Danco - WA
1) Market Outlook - Global Market (green), KLCI (green) ~ Friday (12/4) closing
2) Sector Index - Industrial Prod (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 0.36 and trend line with a doji formed for a shorter term trade
4) Fundamental Analysis - Strong fundamentals w/ 2 consecutive profiting quarters and with FBMSCAP bullish, mid term trade is feasible with next quarterly report in end of May 2019
Entry - 0.37 (risk to reward : 2)
Exit - 0.4 (8.1% gain)
Stop Loss - 0.355 w/ high volume (-4.05% loss)
2) Sector Index - Industrial Prod (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 0.36 and trend line with a doji formed for a shorter term trade
4) Fundamental Analysis - Strong fundamentals w/ 2 consecutive profiting quarters and with FBMSCAP bullish, mid term trade is feasible with next quarterly report in end of May 2019
Entry - 0.37 (risk to reward : 2)
Exit - 0.4 (8.1% gain)
Stop Loss - 0.355 w/ high volume (-4.05% loss)
Trade closed: stop reached
KLCI bearish, stop loss reached
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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.