Waiting for Mr Wong

9 thg 6, 2021

Wong Engineering Corporation was in my watchlist for past few days to see if the breakout was successful. However, it was a bad candle on 9th June to close with bearish engulfing, Let's monitor how the trade goes for this counter over the next few days and see if Wong can still breakout from the neckline of RM1.04. I am very keen on this because of the depth of the cup that is projecting a "possible" price objective of RM1.50 if the cup with handle pattern breakout is successful. Please do remember price objective for depth of cup is always a guideline, as traders we have to monitor the market changes and the trend to help us decide entry and exit points. Always remember this: TREND IS MY BEST FRIEND.

Dislaimer:
This is by no means a recommendation to buy/sell. The ideas shared here are mainly for educational purpose only. Please consult your financial advisor prior to any investment decision.