Cup and Handle Pattern. Sign of Bullish Price Formations ??
Formation of cup and handle pattern can be clearly notice on larger time frame (weekly/monthly).
If price able to break 1.6 and breakout, then confirmation of bullish formations.
Can trade warrant counter as alternative for bigger returns.
KERJAYA-WB
Warrant info (as per 2/5/2021) :
Expiry = 28/02/2023
Exercise/Strike Price = 1.6
Gearing = 7.11
Premium = 33%
Entry confirmation : Low RSI, MACD cross
TP : Price exceed Bollinger bands, Fibo extension
Cut Loss : Fail breakout, Break support handle
This is just my trading idea. Please do your own study before entering any trade.
Any comments or suggestions are welcome.
If price able to break 1.6 and breakout, then confirmation of bullish formations.
Can trade warrant counter as alternative for bigger returns.
KERJAYA-WB
Warrant info (as per 2/5/2021) :
Expiry = 28/02/2023
Exercise/Strike Price = 1.6
Gearing = 7.11
Premium = 33%
Entry confirmation : Low RSI, MACD cross
TP : Price exceed Bollinger bands, Fibo extension
Cut Loss : Fail breakout, Break support handle
This is just my trading idea. Please do your own study before entering any trade.
Any comments or suggestions are welcome.