Short Term (Contra Trade) : Dayang
1) Market Outlook - Global Market (green), KLCI (green), WTI (green), Brent (green) ~ Friday (12/4) closing
2) Sector Index - Construction (red), Energy (red), FMBSCAP (green) - Friday (12/4) closing
3) Technical Analysis - Selling pressure reducing w/ volume , I am aiming for a bounce off resistance trend line and resistance at 1.38
4) Fundamental Analysis - Strong fundamentals w/ 2 consecutive profiting quarters and bullish sectors (oil), mid term trade is feasible with next quarterly report in end of May 2019
2 trades will be entered, one for long term holding and one for short term
Entry - 1.38 (risk to reward : 4.86)
Exit - 1.55 (12.32% gain - short term)
Stop Loss - 1.345 w/ high volume (-2.54%)
2) Sector Index - Construction (red), Energy (red), FMBSCAP (green) - Friday (12/4) closing
3) Technical Analysis - Selling pressure reducing w/ volume , I am aiming for a bounce off resistance trend line and resistance at 1.38
4) Fundamental Analysis - Strong fundamentals w/ 2 consecutive profiting quarters and bullish sectors (oil), mid term trade is feasible with next quarterly report in end of May 2019
2 trades will be entered, one for long term holding and one for short term
Entry - 1.38 (risk to reward : 4.86)
Exit - 1.55 (12.32% gain - short term)
Stop Loss - 1.345 w/ high volume (-2.54%)
Trade closed manually:
There is a change in fundamentals of the stock. Stock price is expected to fall in the coming weeks.