*1st July Technical Idea (UPDATE)*
POH HUAT Resources Holdings (Stock code: 7088)
Today PO HUAT hit TP2 with huge volume traded.
we move up our TP and SL (to book in profit)
Risk: Moderate Risk*
*TP1: RM1.285*
*TP2: RM1.370*
*SL1: RM1.150*
*SL2: RM0.980*
*Risk Return Ratio: 1.85x*
Strategy:
1)For those have cheap price can try to reduce exposure at new TP1.
2)For new position need remember SL at 1.15, as long as share price cann't maintain we will see some correction at 1.050 level.
2)Value investor may accumulate at every new low prices or demand zone as long as fundamental remain.
29th April Technical Idea
POH HUAT Resources Holdings (Stock code: 7088)
after 27th Mar shares price breakout (purple-line, 0.780) level and going into long-bias confirmation.
after 2 news high created A , C, looking for 3rd waive rally.
today shares price close above last high (C ,0.930).
Potential rally to challenge next resistance
Risk: Moderate Risk
TP1: RM1.080
TP2: RM1.175
SL1: RM0.850
SL2: RM0.735
Risk Return Ratio: 1.82x
POH HUAT Resources Holdings (Stock code: 7088)
Today PO HUAT hit TP2 with huge volume traded.
we move up our TP and SL (to book in profit)
Risk: Moderate Risk*
*TP1: RM1.285*
*TP2: RM1.370*
*SL1: RM1.150*
*SL2: RM0.980*
*Risk Return Ratio: 1.85x*
Strategy:
1)For those have cheap price can try to reduce exposure at new TP1.
2)For new position need remember SL at 1.15, as long as share price cann't maintain we will see some correction at 1.050 level.
2)Value investor may accumulate at every new low prices or demand zone as long as fundamental remain.
29th April Technical Idea
POH HUAT Resources Holdings (Stock code: 7088)
after 27th Mar shares price breakout (purple-line, 0.780) level and going into long-bias confirmation.
after 2 news high created A , C, looking for 3rd waive rally.
today shares price close above last high (C ,0.930).
Potential rally to challenge next resistance
Risk: Moderate Risk
TP1: RM1.080
TP2: RM1.175
SL1: RM0.850
SL2: RM0.735
Risk Return Ratio: 1.82x