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THE ORGANIC MEAT CO LIMITEDTHE ORGANIC MEAT CO LIMITEDTHE ORGANIC MEAT CO LIMITED

THE ORGANIC MEAT CO LIMITED

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TOMCL trade ideas

TOMCL.PSX - LONG Buy Trade CallTechnically after a Bull Run market went into Distribution Phase. The Distribution Phase is about to end as a Triangle pattern has formed which is very likely to cause price chart to enter into Advancing Phase that will trigger a bull run once again. Seeing the Pole & Flag pattern (Yellow lines) the Bull run may go up to PKR 66~70 zone. Earnings will be announced on 27 Nov which will further pump the price and then one can exit by booking profits. Fundamentally, the company is looking promising as recently it has got a deal with a Chinese company for providing meat to Chinese consumers. The company's share can be held for long term as well. LONG Buy Trade Call Entry 1: 41.40 Entry 2: 40.00 SL: 34.40 TP1: 46.75 TP2: 56.00
PSX:TOMCLLong
by Golden_Spur
5
TOMCLThe price has been observed to move within a parallel channel, with recent closings nearing the lower trend line of this channel around 35.06. Notably, this level coincides with a test of the 50-day Simple Moving Average (SMA). Based on this analysis, a potential pullback is anticipated from this region. Consideration may be given to establishing long positions around the 35 mark, accompanied by a stop loss set at 32.50. The primary target for this trade is set at 40.
PSX:TOMCLLong
by mbaberhanif
Tomcl Analysis.(Buy)Analysis: 📈 Tomcl forms a bullish flag pattern, indicating potential upward movement. However, recent RSI divergence caused a temporary fall to form a higher low (HL), aligning RSI with the price action. The price is currently at the channel top, encountering resistance. Crossing this level with substantial volumes could trigger a bullish momentum. Strategy: 🎯 Consider buying Tomcl above 34.50 or ideally above 38.50, targeting initial gains at 40.60 and then aiming for 45.00. Ensure volume confirmation for sustained bullishness. Keep an eye on price action near the channel top for breakout signals. Happy trading! 🚀
PSX:TOMCLLong
by Earn_withHassaan
TOMCL Train has started Leaving Rest Area.The Organic Meat Company, after hitting the bottom rock started surfacing again. After crossing the price level of Rs. 23 it retraced to 0.38 level. For the last two days it has been printing the green candles which is a good sign for bulls. Yet another point in bull's favor is the crossing of RSI over its MA. We are expecting some intraday pressure, otherwise closing price may be considered as entry point. For your convenience SL & TP has been marked on the chart. Have a profitable trading.
PSX:TOMCLLong
by usufgul
TOMCL - Testing Break Down LevelTOMCL - Testing Break Down Level TOMCL Technical Analysis Overview: TOMCL is currently undergoing a critical testing phase, as it grapples with a bearish trend spanning nearly two years. Investors are advised to exercise caution and remain vigilant regarding key price levels. Immediate Support at 21.40: It's important to note that a sustained trading position above the 21.40 mark is essential for potential positive momentum. Investors should closely monitor this level. Inner Channel Vulnerability at 19.77: Should TOMCL breach the inner channel support at 19.77, there is a likelihood of a price test at the 18.00 level, which aligns with the parallel channel support. Further Downside Risk: A breach of the 18.00 level may open the door to a significant downward correction, with potential targets at 15.20 and 14.60. Bearish Divergence in Indicators: It's worth noting that indicators are displaying a bearish divergence, further underscoring the cautious sentiment surrounding TOMCL's current trajectory. In summary, TOMCL is facing a critical juncture in its price action, and investors should closely monitor the key support and resistance levels outlined here. Prudent risk management and vigilance are advisable in light of the prevailing bearish trend and bearish divergence in indicators.
PSX:TOMCL
by tradeflowadvisors