TCS trade ideas
Cut loss point for HammerBuy on yesterday hammer.
Today price break below the yesterday low.
How to positioning yourself?
When stock break the low point, sell your stock .. if it bounce back above the low .. buy back again. (Spring strategy)
You can wait for end of the day just decide, but the price may continue to going way lower. Therefore it is preferable to cut now and buy back later.
TCX (MYX) - Potential to bounceGreetings
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Strategy
- Please care for Money Management
- Have a good psychology
- Do not be hurry to open position
- Evaluate and upgrade your trading plan
TCX (MYX) - Potential to bounce
Hit TP1, remains Bullish for TP2We noticed TCS has made a significant breakout above a downtrend channel which could be a bullish Measured Move formation. Hence, the next movement to the upside could be duplication the first leg (AB) to point D, coincide Fibonacci level 2.618 at 0.73. On the flipside, a price movement below S1 at 0.50 will negate this Bullish outlook.
Earlier post:
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
TCS BreakoutTcs Analysis:
1- Fresh breakout, just break 52 weeks high and the Darvas Box with sufficient volumes.
2- Price above 20 SMA and 50 SMA, showing an uptrend in Stage 2.
Entry:
1- Can enter now for breakout trader.
2- Can enter when price rebound on 20 SMA or 50 SMA for conservative trader.
Exit:
1- Price fall below 20 SMA and 50 SMA.
2- 20 SMA fall below 50 SMA
Bullish Newly-ShariahWe are optimistic for more bullish movement to 0.57 after penetration above resistance R1 preceded by a V-shape reversal pattern and a Golden cross on Nov. Movement below 0.4 would change our view.
FA looks good.
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
1/12/2020 Trading IdeaConstruction Theme on strong rebound trend
EP 1: 0.485-0.505
EP 2: After Breakout 0.59
Cutloss Point: below 0.44
TP 1: 0.59
Fundamental:
TCS Group Holdings (TGH) entered into a conditional share sale agreement (SSA) with Super Advantage Property SB (SAP) for the acquisition of 25% equity interest in Southern Score SB (SSSB) for RM30m. The acquisition will be satisfied via issuance of 60 million new shares in TGH at RM0.50 per ordinary share.
and Profit After Tax Guarantee 20m of each financial year from 2021-2023.