Thanks to the CPO tax Cut, most of the plantation counters fair much better
Indicators
1 ) Trendline - Broke back above the uptrendline the (Bullish )
2) Support/Resistance - Formed higher Low (Bullish ). If break above 5.03 will formed a higher high which will indicate further stronger bullish attack
3) MACD - Positive Region and Bull signal above the bearish signal (Bullish )
4) RSI - Rebound from 50% and inclining (Bullish ) .If break the 70% it will indicate more bullish
5) STO - Broke above 80% and formed bullish crossover (Bullish )
6) Ichimoku - a) Below resistance cloud (Bearish). If break above it will indicate stronger bullish
b) Conversion line above the base line (Bullish).
c) Price above the baseline ( Bullish)
7) Candlestick BUllish Engulfing( Bullish).
Conclusion:
Bullish - If remain above the uptrend line
Previous buy call on 4 October
Entry Price at 5.05
Stop Loss at 4.7
Take Profit at 5.37
Risk to Reward Ration ( RRR) = 0.94 (Slightly Below Average)
Kulim is now at the very top of the Ascending triangle.
ReplyDeleteAbout to take of . Unless High volume is seen.
Hopefully 4R1G anytime.