SIME DARBY PROPERTY BERHAD
Long
Updated

EASY123 Prediction @MYX: SIMEPROP

99
Life is simple...Trade with Simplicity!

*The trend direction: Uptrend (Green background, denote uptrend.)
*The bottom signal (white bar) sighted on 03-Dec.
*Price (Yellow bar) crosses the lifeline (red) to keep it alive!
*Bell alert signal appeared on 11-Dec, support the continuation of the momentum.

Prediction: a rally ahead for this ticker after correction.
Note
Target Price: 0.98-1.01
Cut Lost: 0.79-0.76
Note
After 4-5 days pullback of correction. Ready for the next rally? (*Break RM0.905 to rally)
Let see how it moves...Happy trading!
Note
SIMEPROP: It only rallies to RM0.94 near to our target RM0.98 trend ended on 20-Jan after it breaks our lifeline turn into a downtrend. *Do not catch a drooping knife.
We will do no action until it gives us a reversal signal.
Good luck & Happy trading!
Trade closed: stop reached
SIMEPROP: BREAK SUPPORT TURN INTO DOWNTREND
It hit near to our TP RM0.94 but strong pullback and breaks below our critical support (Lifeline) & turn it into Resistance.
No buying momentum, we are standing aside from this counter at this juncture.
Good luck & Happy trading!

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