EMICO Time Frame Daily
EMICO TIme Frame Daily
Hai Traders
Interesting to note
Only suitable for long term
Need to close above RBS first before making a decision
Need waiting more confirmation break this accumulation
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EMICO trade ideas
Break Out signal!A significant price movement makes EMICO in a Break Out (BO) signal with high volume confirmed the price. EMICO also hits a new 52 weeks high price. MACD and OBV charts confirmed the Uptrend Pattern (UP). Is the price will be pushed down towards Bollinger Band (BB) upper limit? If yes, you might want to consider placing your bid below Bollinger Band (BB) upper limit or using Volume-Weighted Average Price (VWAP) .
R 0.700
S 0.495
EMICO (9091)Last trading price at RM 0.195.
Take caution on this counter as it is a VERY low volatility / activity counter. You are easy to get spot by operator. This is very well control counter and is not easy to buy some entry ticket,just wait for the momentum kick in.
Easily can push up to RM 0.350 level as first target.
Target - RM 0.350, RM 0.450 and RM 0.640 and above.
Cut loss - below RM 0.140
Disclaimer: Analysis or results above are solely based on personal opinions. Trade at your own risk.