Chart:
- Downtrend, attempt to break.
- Starting of markup phase after distribution phase since early 2019.
- Monitor this counter for 2020 opportunities.
Trade:
- Still under downtrend but looking at an attempt to break downtrend-line.
- Volume among the highest since Sept 2019.
- No sell signal yet.
- Breakout on 31st December 2019 after little pullback on 30th December 2019.
- Enter anywhere ranging 0.33 to 0.35.
- There might be strong resistance around 0.40 so be careful around there.
Invest:
- Fundamentally is not a good company to invest, but the performance has shown some improvement in the FY19.
- Net Profit at negative (red) area but possible turnaround in FY20.
- Wait until 0.40 resistance is broken. Then be friend with the trend line and the possibility to hit 100% return is quite promising given the company is improving in term of performance.
- Downtrend, attempt to break.
- Starting of markup phase after distribution phase since early 2019.
- Monitor this counter for 2020 opportunities.
Trade:
- Still under downtrend but looking at an attempt to break downtrend-line.
- Volume among the highest since Sept 2019.
- No sell signal yet.
- Breakout on 31st December 2019 after little pullback on 30th December 2019.
- Enter anywhere ranging 0.33 to 0.35.
- There might be strong resistance around 0.40 so be careful around there.
Invest:
- Fundamentally is not a good company to invest, but the performance has shown some improvement in the FY19.
- Net Profit at negative (red) area but possible turnaround in FY20.
- Wait until 0.40 resistance is broken. Then be friend with the trend line and the possibility to hit 100% return is quite promising given the company is improving in term of performance.
Chart point 2: Distribution - accumulation*