KOTRA trade ideas
VCP set up1. After 9 months down trend starts from Nov 2020, Kotra are setting up a nice classic VCP since Sept 2021.
2. Today making a nice breakout from VCP set up. Hope price can sustain above 3.18 and challenge 3.44.
3. Price volume from left indicated that no major resistant ahead. Easier to move north.
4. Resistant at 3.44. If successfully break, possible challenge ATH 4.50.
Cautious
1. Sustain above 3.18 will be nice. 3.07 can be 1st cut loss depends on personal risk profile.
Trade at your own risk. Information should not be considered as an offer or enticement to buy, sell or trade. You should seek appropriate advice from your broker, or licensed investment advisor, before taking any action. Past performance does not guarantee future results.
Kotra, moving in uptrend tunnelFollow the trend, that's simple. Dont make it so complicated.
If you like my chart, just give me a LIKE, follow me and share it to your friend. :)
Disclaimer: I am not Investment guru. Every stock analysis are purely for my personal learning and practice purpose.
It is not for any buy or sell call to anyone. Everyone are responsible at your own trades.
STOCK TRADING : 10) kotra industries- 20 jewels malaysia stocksTHIS IS TRADE 95) FRM HAIDOJO TRADING...
-top 20 jewels frm a very popular local bank...
-technical : let's look at some price action...
kotra industries has been in uptrend ever since 2012…so now it is still in uptrend and the trend is not broken yet…
recent move, kontra has shown a “sharp knife” top and now is under consolidation…might retest as low as RM2.45-2.20…the green region…
a breakout frm current RM2.80 resistance might trigger a new round of uptrend
current support : RM2.66
lower support : RM2.20-2.43
resistance : RM3.00-3.30 new high
Overall, kontra industries is still in tandem with its uptrend momentum…thr is no signal indicating the otherwise….so definitely worth looking at ….
WARNING : this is juz a trading idea...trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
