PARKSON buy signal based on MRV1 setup on 3 Jan 24 at RM0.285This is actually a repeated signal, as it was previously triggered on 29 Dec 2023 at a similar price of RM0.275.
The support area could be set at RM0.245, or at the equilibrium price of RM0.240. Either way would still adhere to the minimum 10% risk based on the price.
The target price is RM0.335, to maintain a risk/reward ratio of 1:2. However, you may choose to adjust this to 1:1.5 or 1:1 based on your preference.
The expected holding period is 2-3 months, as the signal is derived from the daily chart.
Price pattern shows that this counter quite recently broke away from a symmetrical triangle and now retesting the resistance. There is a possibility that price would fail to break the resistance signal was triggered at an uptick candle near the diagonal support of a rising price channel.
The immediate resistance is at RM0.300 and the next resistance is at RM0.355.
The support zone is at RM0.240.
**Only for discussion purposes. Not a buy / sell call**
PARKSON trade ideas
PARKSON, time for shopping?Dropped almost 18% within a week.
Price below Hull MA, which not a good sign at this moment.
There is a shooting start candlestick formed at week chart, which is a bearish sign.
Personally won't trade until see a reversal signal. For those holder above price 0310, do execute own trading plan without hesitation / protect downside.
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein.
REBOUNCE 200MA PARKSONYep!currently we are going to phase 2 MCO.Some of shops and retailers are back to bussiness.Not to be missed,Parkson included.Latest 3quarters also shows consecutively increasing in sales and profits.I believe Parkson will be turnaround company later on.
As per technical analysis,Price just rebounce on its 200MA with marobouzu candle + above average volume.Continue its uptrend movement.Weekly MACD is about to cross,perhaps later
PARKSON KAJIAN KAUNTER 05042021 (TECHNICAL RAYA)KAJIAN TEKNIKAL,VOL,TREND, BREAKOUT
-SILA RUJUK CARTA
-INTRADAY BREAKOUT TP1 WITH VOL CAN HOLD FOR NEXT TP
-BREAKOUT DENGAN VOL
-RESISTANCE > SUPPORT
-SUPPORT > RESISTANCE
#BUKAN BUY CALL
#KONGSI PENDAPAT
#MAJU BERSAMA
#TAYOR
#INSHAAALLAH UPTREND
#IKAN BILIS HALUS
PARKSON - accumulating in ascending trianglePreparing to breakout from ascending triangle pattern. Safe entry is to wait for breakout @ 0.175
EP 0.175
TP 0.205 (+17%), 0.260 (+48%)
SL 0.145 (-17%)
Speed: Fast with only 327M shares float (30% of 1.09B shares)
Sentiment: Economic recovery theme
Seems price will back to its pre-covid time - good for long term.
TAYOR
<TradeVSA> Re-Test at Support with Spring in Parkson HoldingStrength in the chart:
1. Accumulation stage with high volume
2. Shakeout follow by Spring
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
