Teoseng, the next CGB or CHINHIN?A so called sifu said it might be the next CGB then CHINCHIN?
Operator spend more than 400 days and pump it over 150% gained. You think they will continue grow the fruits or harvest?🤔🤔
If that particular sifu is good enough, why he didn't voice out at bottom? Or at RM1 maybe... 🤔
What is his motive? Time to think and do own research.
🐂 In bull runs, optimism lead us to believe that trees can grow to the sky.
🐻 In bear markets, pessimism lead us to believe that many things could go to zero.
💰 The key to successful investing is to remain Zen during both periods.
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.
TEOSENG trade ideas
TEOSENG Monitor for Entry at Strong SupportFundamental Analysis
Teoseng is under poultry sector in Malaysia. Malaysia currently under MCO 2.0 lockdown, and potentially an extension of lockdown.
Festivals seasons for Poultry Sector like Teoseng consider as Peak Seasons.
With MCO 2.0 lockdown in Malaysia, Restaurants & Business cannot operate as usual.
It will impact Teoseng Fundamentals Business Performance for the upcoming 2-3 quarters.
Therefore, fundamentally, the prospect of the sector will not be great!
Technical Analysis
Personally, what I learnt is there must be a Technical Analysis Strategic Plan in order to increase the risk-to-ratios favourable risks.
1. Draw Support & Resistance
2. Identify the stages (Accumulation, Advancing, Distribution, Declining)
3. Entry Triggers
4. Stop Loss
5. Exits
Good Favourable Risks-to-Reward for myself on Teoseng will be around Major Support area. Will Monitor and return to Teoseng if reach this Major Support Area .
I have learnt during my past mistakes that we should let the stock price comes to us, rather than us chasing the stock prices!
TEOSENG add into watchlistEgg price recovery showing good indicator for bullish market.
1. Bearish Volume diminished over 6 month period
2. Price cross up MA20 and MA100
3. MA20 cross up MA100
Wait for oversold stoch for entry.
Target price 1.25 and another target will further update along with the bullish trend build-up
TEOSENG: BULL IS ON THE WAY UPTEOSENG is on quiet long @ support zone. From the chart, we can see after retraced on Fibo, it show a signed that the bull already wakes up. Based on the 3M technical indicator, I think this counter will go higher in the midterm. I think it should test resistance level R1 @ 0.985 1st in the next day forward before it can go higher in the midterm to test R2 @1.250.
S: 0880
R: 0.985
<TradeVSA> CAB vs CCK vs Teo Seng1. CAB
a. High volume downbar
b. Test below LC bar
2. CCK
a. Good support with spring
b. Downbar but still closed above LC
3. Teo Seng
a. High volume Up-Thrust
b. High volume narrow spread bar
c. Downbar with high 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