ESCERAM trade ideas
{SWC} Esceram, Three White Soldiers?Thankyou for your continued support!:)
Strategy: Prive-Volume Analysis
Bias: Bullish. Healthcare stock was a hot sector today in klse. ESCERAM recorded a remarkable surge of stock price, with significant increase in volume. Currently trade at the price of 0.280. With the breakout of downtrend line, and the three white soldiers formation, SWC believes there will be a postive movement in near term if the momentum persist.
Resistance: 0.295, 0.315
Support: 0.265
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ESCERAM (0100)Current trading price at RM 0.190
Updated status for this counter as i think there is high upside potential.
I assume the previous high is wave 1, and current bottom as wave 2, so here we expecting the impulsive wave 3.
If wave 3 happened, there should be a strong event to trigger it, might be the superb financial results or corporate activity news.
Anyway, the previous idea posted on 22/05/2018, I still stand the same view as this is a bottom for this counter. Cut loss level quite far as we talking about 7X of investment return in future, and it does survive from current worst market situation. So I do expecting it will perform well from this level.
Lets go!
Target - RM 0.645, RM 1.00 and RM 1.55
Cut loss - RM 0.10
Disclaimer: Analysis or results above are solely based on personal opinions. Trade at your own risk.
ESCERAM (0100)MYX:0100
Currently trading at RM 0.200, Best entry around RM 0.170 while the immediate resistance is located around RM 0.260. Share price must breakout from the long term downtrend line and sustain around RM 0.260 to form a new uptrend. RM 0.160 should be last price of this downtrend. Don't fail me babe.
Selling is going to over, start to re-accumulate.
Target - RM 0.260, RM 0.340, RM 0.400, RM 0.460, RM 0.540, RM 0.640 and above
Cut loss - RM 0.140
Disclaimer: This is not a recommendation to buy or sell. Analysis or results above are solely based on personal opinions and for personal references. Please trade at your own risk.
