E&O trade ideas
Time to awake?There are several reasons why picking this stock.
Fundamental analyzing it, I dont think this is the best in property sector, but if the worst is over, then this is the undervalued company.
As this stock in in property sector, it is a sector not to be missed, although it grows pretty slow.
Moreover, this stock has been sideways for 337days. Which I think the lowest price has come to limit.
It has 2 green gradient to beat, the first steepest gradient is successfully break, following by 2nd one.
Once these gradients are broken, hoola. Bottom Flat breakout.
This stock may not skyrocketing, but the risk is far lower, just that it takes much more time to have the trend changed.
{SWC}--E&O, W-Shaped Bottom Forming?Thank you for your continued support ! :)
Strategy: Candlestick Bullish Chart Pattern Formation
E&O, Breakout with volume today, will this momentum can keep going? We don't know, let the market decides. However, E&O breakout from short term downtrend line and forming double bottom (W-shaped) chart pattern. If the formation has to be done, neckline at RM0.635 should be the next direction E&O go with immediate support at RM0.595.
Support: 0.595, 0.570
Resistance: 0.635, 0.670
E&O - Pullback in Downtrend1. Opportunity to trade in short term
2. Sell-Off at the background
3. Short accumulation with strength (better use hourly chart)
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
