JAG trade ideas
JAG half candle theory after a long bullish candle formationJAG trading day on 23/11/2020 opened at RM0.200. With high traded volume pushing the price upwards to highest of RM0.235. The day ended with the stock price closed at RM0.230.
Long bullish candle formation is a prerequisite for us to challenge the Half-Candle Theory.
If the price maintains above RM0.215 in the following days (as we will strongly expect correction price movement due to profit-taking), we shall expect the price to go RM0.255 in 1-2 weeks time.
Current Price: RM0.230
Entry Price: Anything above RM0.215
Target Price: RM0.255
Support Price: 1-RM0.215 2-RM0.200
JAG Target LONGTA
In technical perspective price already break nearest resistant and will try to climbing up to upper resistant. If price able to maintain the price and not making lower low structure can enter the market once there is reversal candle at HTF.
FA
P/E : -37.13 ( not very good as i prefer 0 to 15 for under value counter) .
DY : NA
QR : 1.5M
AR : 1.5M