COM7 trade ideas
COM7 | Elliot Wave Correction Target Projection - EMA200WPrice action and chart pattern trading
> Possible making its uptrend to 4-wave of the 1st A-wave correction, expecting a retracement of 0.382 - 0.5 of 3-wave
> EMA100 W and EMA 200 W are the key dynamic support and resistance of the current movement.
> The final 5-wave of A could be retraced back at EMA200 W.
> Wait for daily timeframe reversal pattern near EMA200W support line for long entry
COM7 | Elliott Wave Projection | Target Inv. Cup&Handle BreakoutPrice action and chart pattern trading setup:
> A possible inverted cup&handle pattern ABC correction
> stock price once again testing its support and probably making another pullback one more time
> Target handle pullback @ 0.382 - 0.236 Fibonacci zone
> Target downtrend C wave @ inverted cup&handle breakout @ 0.786 - 1.0 fibonacci extension of A wave
> Stoploss can be placed at the upcoming pullback wave 4 correction -12%
> Risk reward ratio: 2.5:1
Always trade with affordable risk and respect your stoploss, nothing 100%
COM7| Target Elliott Wave 5th vs Powerful Three Drive HarmonicPrice Action & Chart Pattern Trading
> Estimated Target MINOR ELLIOTT WAVE 5TH based on Fibonacci 1.0 of wave 1 and 1.618 retracement of wave 4 vs the earlier powerful THREE DRIVE HARMONIC PATTERN of MAIN ELLIOTT WAVE 4TH correction
> Reversal pattern INVERTED HEAD & SHOULDERS in day timeframe.
Trade with affordable risk 3:1
Always respect your stoploss
Good Luck
COM7 position openedBanana Shop? Studio7? BKK? These are all COM7’s (also some TRUE shop, Samsung, Huawei, I-care). If you look at the chart it is growing every year. The price didn’t fall that much though but it still gives you a decent buying point. I mean the company is growing fast. The managers are smart. The balance sheet shows it all.