OCR trade ideas
OCR -Buying oppurtunity at retracementTrading ranges observed in 2H chart.
Waiting for another round supply>demand
Entry range in FIBO 61.8 ~ 78.6
Confirmation = Volume at SPRING (Blue Box). Demand Increase.
BE (Best Entry) ; Bullish CS Reversal Pattern at Key Level 61.8% + Volume +
SL: 0.335 and below
OCR 26/6/2020 (Fibonicci 61.8%)Short term:
Adakah OCR memerlukan sedikit masa lagi untuk berjumpa titik rebound yang sebenarnya (0.618)? Atau apakah trend sudah patah? Keadaan market yang tidak menentu memungkinkan apa sahaja boleh berlaku.
Jangkaan 1-2 minggu untuk penentuan titik rebound atau berlaku kebocoran support.
BB daily masih menuju ke atas dengan bukaan yang luas (uptrend). Stoch RSI keadaan oversold.
*Kajian untuk belajar je.....
Long in OCR 1DLatest news from this company, the "OCR’s 40%-owned associate company Landasan Surimas Sdn Bhd has inked an agreement with Perbadanan Kemajuan Negeri Pahang to set up a 70:30 joint venture named Taraf Raya to provide mechanical and civil works relating to the East Coast Rail Link (ECRL) project within Pahang".
This indicate a good news for this company to get trust from buyer to push the price higher from resistant.
<TradeVSA> Trading Setup in Dialog, Supermax & OCRStrength in the chart:
1. Accumulation stage
2. Upbar low volume
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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
