Simple13 Trading Idea
Sector Update:
The plantation index has been the strongest performing sector recently, showing resilience and upward momentum.
Stock Pick:
From the plantation stocks, SOP (Sarawak Oil Palms) stands out. I’m waiting for a pullback to enter at an attractive price.
Current Price: RM 3.55
Trading Plan
Entry Area: RM 3.55 to RM 3.30
Plan to start accumulating if the price dips into this range, which aligns with a fair risk-reward setup.
Take Profit Area: RM 3.55 to RM 4.34
This target range offers potential upside. Gradual profit-taking is suggested if the price reaches this zone.
Cut-Loss Level: Below RM 3.30
If the price falls below RM 3.30 and drops under the 20 EMA, consider a cut-loss to limit potential downside, as the pullback may extend further than expected.
Summary
With SOP in an outperforming sector and a strong technical setup, I’m looking for an entry upon a pullback. This plan offers a favorable risk-to-reward ratio and a defined structure to manage risk.
SOP
Disclaimer:
This is for informational purposes only and not a recommendation to buy or sell. Please conduct your own research and assess your risk tolerance before investing.
The plantation index has been the strongest performing sector recently, showing resilience and upward momentum.
Stock Pick:
From the plantation stocks, SOP (Sarawak Oil Palms) stands out. I’m waiting for a pullback to enter at an attractive price.
Current Price: RM 3.55
Trading Plan
Entry Area: RM 3.55 to RM 3.30
Plan to start accumulating if the price dips into this range, which aligns with a fair risk-reward setup.
Take Profit Area: RM 3.55 to RM 4.34
This target range offers potential upside. Gradual profit-taking is suggested if the price reaches this zone.
Cut-Loss Level: Below RM 3.30
If the price falls below RM 3.30 and drops under the 20 EMA, consider a cut-loss to limit potential downside, as the pullback may extend further than expected.
Summary
With SOP in an outperforming sector and a strong technical setup, I’m looking for an entry upon a pullback. This plan offers a favorable risk-to-reward ratio and a defined structure to manage risk.
SOP Disclaimer:
This is for informational purposes only and not a recommendation to buy or sell. Please conduct your own research and assess your risk tolerance before investing.
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.