PCHEM
Big cap company
Supported by institution
Consistent dividend payer
Collect more of share when drop to the rectangle zone
TAYOR
PCHEM trade ideas
PCHEM - Bullish pennantMYX:PCHEM is forming bullish pennant .
Could PCHEM price continues going up after 2-months of retracement?
Potential entry:
Upon pennant breakout at RM8.78
(Best scenario when the body of the candlestick closes above RM8.78)
Resistance:
RM9.13 / RM9.26
Support:
RM8.48
Disclaimer: This trading idea is for education purpose only. This is not a buy call nor a stock recommendation. Please trade at your own responsibility.
PCHEM - FORMING CUP AND HANDLE PATTERNIMO, CUP AND HANDLE PATTERN WAS FORMED ON H4 PCHEM CHART
BASED ON THIS FORMATION, MY TARGET IS AT 8.90 AND 11.80
STOP LOSS AT 3.80
PCHEM 79 days VCP SetupPCHEM developed VCP in 79 days with 3 contraction below:
C1: 15%
C2: 6%
C3: 5%
Attempt to breakout soon!
Disclaimer:
The content provided is my personal experience sharing through technical and fundamental analysis point of view. The content can only be used for education purposes and NOT any recommendation for buying or selling stock. Please ask your remiser/dealer for making decision. Trade at Your Own Risk.
PCHEM - Upside Space RemainsPCHEM
Rst: 8.31
Spp: 7.80
Hammer candle emerged above Fibo Ext 61.8%, positive move and no sign of softening observable from RSI, MACD. Reaching Fibo 100% is possible.
PCHEM might not able to make a reversal upLLLH
Y1<Y2
strong downtrend
BHOG @ 3
assuming X1 = X2
Weak Pattern A at support.
There is no reversal up signal at all.
Unless it goes pass 5.80 (closest W&R line) or break immediate resistance.
TP @ 4.930
PCHEM - Bullish Metrics Strengthened!PCHEM
Rst: 6.63
Spp: MA200
Bullish island reversal formation with new candle pierced through both MA200 strong resistance trendline again with above Fibo Extension 50% as well, further upside possible.
PCHEM - Cup & Handle FormationPCHEM
Rst: 6.03
Spp: 5.65
Bearish candle pulled back below upper BB, no major threat from indicators, still right above C&H breakout level. Chance to visit MA200 remains.
PCHEM - Long (T+2 trade)May test new higher
(Disclaimer: for demonstrate planned trade records study only, not for recommend to buy or sell)
