LKL
LKL Massive Accumulation by Bank!!LKL has dropped a lot since most of the supply for Covid-19 was sufficient.
People forget about this and jerung2 takes a chance to accumulate their shares little buy little like no one knows. We see massive accumulation happen at the current price level.
An early sign of the trend we see in 1H TF where price decrease but the stochastic increase. This indicates buying pressure is high causing Bullish Divergence .
Today 16 Mac 2021, buyers show their strength by bringing the price close outside BB+EMA50 indicate the sign of strength (SOS)
When the best time to enter?
1. After bullish divergence confirmation (dah terlepas)
2. After MidBB close above EMA50.
3. When MidBB above EMA50 and price retest midBB with oversold stochastic. This is the best chance to enter.
Cutloss? If price closes below starting divergence.
TP? when you feel enough... But for me... I will close when the price when Daily TF closes below EMA6.
LKL - Analysis by MFA @ 04-Oct-2020Demonstration & Ilustration For Analysis Tools by MFA.
Trading Style: Swing
Estimated Holding Period: 0-2 month
Checklist For Bullish Setup:~
1. Candlestick: The price has closed with a strong Bullish Candle. Yes/No?
2. MFA S&R Line: The price is still at Support Zone area. Yes/No?
3. MFA Trend Line: The price has started to break downtrend line. Yes/No?
4. MFA Bullish Indicator: The stock is still in Bullish Momentum (green). Yes/No?
Disclaimer:~
The writing purpose is for demonstration & ilustration of Analysis Tools only.
Training 3/8/2020 - LKL; PART 2TP today for LKL at 10% profit (1.020) before seeing LKL further closed at 1.170. Either you follow your trading plan TP all the way, or you settle at ROI 10% as per your risk calculation.
Any input @ feedback for me to improves in drawing the chart and writing down my trading plan is really appreciated. Btw, be nice please.. Thank you and have a great trading