ULICORP trade ideas
EASY123 Prediction @MYX ULICORPLife is simple...Trade with Simplicity!
BUY Signal = (BT-Yellow-Diamond), (White-Candle), (Green-Upward-Triangle), (White-Star)
SELL Signal = (Red-Dot), Red-Downward-Triangle)
*The trend direction: Reversal (Green background Uptrend signal observed)
*The Bottom signal (BT) was sighted on 24-Dec.
*Price tested the lifeline (Redline) & close above it on 14-Jan.
*The Momentum signal (White-Star) sighted on 13-Jan, an indication of the strong buying momentum.
*The Bell Alert was triggered on 27-Dec, an indication of a coming signal.
Prediction: The current price just break out the BOX. This will result in the pullback/correction to/nearby the lifeline (Red-line) area. After correction likely will be a new rally.
Preference Strategy: Swing trading (Follow the BUY/SELL Signal respectively.)
Target Price: RM0.58-60 & RM0.63-0.66
Cut Loss: If broke below S1 Support RM0.48
*Reminder TP & CL is an individual preference & decision. No fix rule or guideline for it...Trade at your own risk.
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18. United Uli
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
UNITED U-LI CORPORATION BHDThe price is showing retracement, but before the market closed on Tuesday, the price suddenly went up at after 4pm. This could means that there are someone who is supporting the price from being drop further. You may consider to enter at about 0.66 if there is another green candle on Thursday. But for safer traders, can monitor first before enter, if the price drop further, there is another entry point at 0.61- 0.62. Cut loss we can set at the previous support which is at 0.57. We can consider to take profit at 0.7 which is also the previous resistance.
*Trade at your own risk*
Possible Rally for ULICORPULICORP:
Background
1) Cable Support Systems and Electrical Lighting & Fittings
2) Higher Revenue in operation but lower profit before tax (Details in Report)
3) Outlook for 2019 (Extremely Challenging)
4) Quarter Results on 31/05/2019"
Technical
1) High volume Breakout
2) Nice low volume pullback on support level
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Send us your preference stock to review based on TradeVSA chart by comment at below.
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock