Mid Term Trade - DUFU
1) Market Outlook - Global Market (green), KLCI (green) ~ Friday (12/4) closing
2) Sector Index - Tech (red) - Friday (12/4) closing
3) Technical Analysis - Selling pressure reducing w/ volume , I am aiming for a bounce off resistance trend line and resistance at 1.75
4) Fundamental Analysis - Strong fundamentals w/ 2 consecutive profiting quarters and bullish sector (Tech), mid term trade is feasible with next quarterly report in end of May 2019
Entry - 1.75 (risk to reward : 4.86)
Exit - 2.4 (+37.14%)
Stop Loss - 1.65 w/ high volume (-5.71%)
2) Sector Index - Tech (red) - Friday (12/4) closing
3) Technical Analysis - Selling pressure reducing w/ volume , I am aiming for a bounce off resistance trend line and resistance at 1.75
4) Fundamental Analysis - Strong fundamentals w/ 2 consecutive profiting quarters and bullish sector (Tech), mid term trade is feasible with next quarterly report in end of May 2019
Entry - 1.75 (risk to reward : 4.86)
Exit - 2.4 (+37.14%)
Stop Loss - 1.65 w/ high volume (-5.71%)
Order cancelled
Did not reach entry priceTrade active
Entry - 1.88 pin bar with high seller volumeExit - 2.4
Stop Loss - 1.80 w/ high volume
Trade closed: stop reached
bad quarterly report and trade war started
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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.