SDS trade ideas
SDS Group BerhadMy view for this counter.
Price in uptrend but now in retracement period. Price already touch the swap base area.
2 EP point here. Buy zone 1 and buy zone 2.
Buy zone 1 is a bit risky since the way the price retrace into the zone.
Buy zone 2 is more favourable since your SL will be tighter.
TAYOR
SDS Bakery & Cafe26.07.20
Index:
FBMKLCI / SPX / IXIC > MA20 > MA50 > MA200
DJI > MA200 > MA20 > MA50
Volume: 2.02M / avg 2.212M
Price/MA:
(D) > MA20 > MA50 > MA200
(W) > MA20 > MA50
ML - no ML line
Stage 2
Pattern: ascending triangle (uptrend)
Candle & tail: UT on 27.07.20
Strategy:
rebound at MA20
DUT BO at 0.265
all time high FBO at 0.280
FA: all 3 QR positive
Trading Plan
1. when to buy
BO DUT line: 0.265
2. when to sell
cross below MA50 (0.200)
3. when to not buy
if CP < DUT / MA20
4. when to not sell (when to hold)
as long CP / MA20 maintain above MA50
EP 0.265
CL1 0.255 (<MA20)
CL2 0.24 (-10%)
CL2 0.200 (<MA50)
SDS target LONGFA
This counter still new so not much history we can depend on. But currently it is already break the last resistant and price failed to break nearest HL. So now it is good opportunities to enter this counter. TP ? don't know just follow the flow or take based on ratio 1 :1 , 1:2 etc.
TA
P:E 27.01
DY : N/A
QR : 1.2M
AR : 4.1M