Simple Breakout and Change of Trend Entry for Beginner Like Me.After a long period of downtrend line (DTL) since early of 2021, PARLO makes first breakout on 6 September 2021 and Volume start to increase. But, maybe got people that start to take profit (TP) until 0.300 then the price just stable on 0.210 as strong support.
Now, target the price to reach on 0.270 as resistance. If it can breaks the resistance, next target is on 0.370 but will takes time until next year.
Sorry if got any mistake because I'm newbie in this field. You all can correct me and sharing your knowledge about this, we learn together. Thank you.
PARLO
PARLO - new 52WH?The price has breakout from symmetrical triangle, and rallying uptrend towards the triangle opening (0.82). Volume is increasing gradually, MACD still showing momentum with overbought RSI.
EP 0.660
TP 0.735 (Fibo 1.272 +11%), 0.820 (Triangle opening +23%)
SL 0.585 (-11%)
Speed: Fast with only 131M shares float (36% of 364M shares)
Sentiment: Economic recovery theme (new hope for tourism industry)
TAYOR
PARLONo huge dumping of shares yet, am expecting Parlo to test recent support before reaching 0.595, we'll see. Am using 1 hour chart to find solid structure. Am using no indicators. * volume is the key
Could fail if :
*there is a huge dumping of shares
*no reversal candle supported with big volumes ( could be reversal or huge retracement )
*no interference of political matters
*no interference of other systemic factors
PARLO ESCOBARThis stock is worth to monitor. Why?
Let know a bit about the background of this stock, the sound of the named like a drug dealer pablo escobar. However this stock mainly business is travel & tourism . Everyone in Malaysia should realised today, that our MOH did a great job in handling Covid-19 case. At this moment, Covid-19 is now maintained single digit for local cases, as report in MOH . So in the process of Malaysia recovery, we are expecting more good news for Tourism sector.
and take your guess? if the government announce another next news regarding full operation in tourism sector, who will benefits?
I leave the question to you.