BN4.SGX_Bullish Breakout Trade_LongENTRY: 7.08
SL: 6.90
TP1: 7.22
TP2: 7.51
- ADX>25
- Daily RS +ve
- Daily FFI +ve
- Weekly RS +ve
- Weekly FFI +ve
- Moving averages are aligned.
- Cup and handle pattern from Jun 2022. Today looks like breakout from handle.
- Entry today based on breakout and >3% rebound off 10EMA with volume.
BN4
BN4 (SGX) - Still in Bearish TrendGreetings
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Strategy
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Analysis
GBN4 (SGX) - Still in Bearish Trend
Keppel Corp will continue to be bearish to S$4.00Hmm what's my train of thought on this ticker SGX:BN4 , at first glance, it's bearish .
Just a quick one, I would like to split into two style of trades:
For a scalper :
Mark the area $4.76 to $4.90, that is our waiting zone area.
Once the price break either Support and Resistance, then you know what to do.
If break the Resistance, our TP is at $5.20
If break the Support, our TP is at $4.00
For a swing trader :
Here is my trade opinion:
Sell Limit at $5.20
Stop Loss at $5.46
Take Profit at $4.00
Our Risk Reward Ratio is 4.8R
As usual, disclaimer :
The above is for our discussion and education purposes only. You may follow the opinion above but at your own risks.
When your trade is on the profit zone, move your Stop Loss to your Entry. Always protect your risk and you will be trading with a risk free.