We will be expecting a price breakout from SALCON this week putting our 1st target price resistant at RM0.700 to test before eyeing for a higher target price resistant. Started its uptrend since May and has been well supported at its EMA90days. We will take the EMA90days as the cut loss point @RM0.638 shall there be any price reversal. Trend Followers always know how to manage your downside and let your profits run.
Key support at its EMA200days and we will set it as our cut loss point shall there be any price reversal. We will 1st need to see SALCON-WA breaking above its RM0.185 resistant level in order to eye at a higher target price resistant.
JAKS is currently flirting at its resistant point and we will be expecting a price breakout this week. Formed its bullish uptrend since July and has been well supported above its EMA90days. Set your cut loss point at RM0.515 shall there be any price reversal.
*We would love to hear more opinions from your precious point of views on these stocks shall you have any please share with us*
(Position Trend Trader, Financial Speaker)