MGC, general ipo's accum breakout
Updated
Well..., it's just a normal breakout. This stock got YoY +26.96%, ROE 7.20%, with huge amount of stocks still kept with the original shareholders with the free float of 25% for people outside their circle (seems like they really love their stock). Its business is a major seller of luxury automotives, yachts, Harley's stuffs (which could earn pretty lots of profits in the following quarters from now on due to many rich immigrants from China and Russia - run away from their countries' issues for good). As a newbie in technical analysis, I have got no idea what is the possible target price neither, but if it's not a stoploss (falls off from 9.15) I would just keep holding until it's cross down EMA15 (1/2 sell) and the rest until the Sell signal appeared. (As I have just recently tested on this system, so I'm not sure yet about its RR ratio, but definitely gonna update on this one after 1 year forward testing).
Note
Update: I've sold out 2/3 of the whole position at 10.10 thb today due to its possible ATH false break with high volume (note that Market momentum is still not looking good for SET, so better be more careful than usual). The rest to be hold until falls below 9.15 thb or else if it can continuous to rise, will sell all after off its uptrend.Note
Not quite a good trade, but still earned some profits... let's hunt for a new one ^^
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