which stock to buy?

BEST WORLD (CGN-SES)


Best world (CGN-SES)


Stock is now on high and consolidating on chart and may bounce if it break the level of 1.21-1.22. If we analyze daily chart of stock it has consolidation, immediate resistance was placed at 1.22 if it manages to sustain above this level we can expect further targets of 1.28

Suggest midterm investors to pick stock at 1.22 . Stock has a major support of 1.17.

Overlays:
Bollinger Band: Stock has crossed the mid band on 1.28 & now trading @ 1.25

Indicator & Oscillator
MACD- MACD momentum above Signal line which is indicating bullish signal.
RSI –Relative strength Index is near 40 and sustaining above this level giving confirmation to positive trend.

Stochastic: K% Crossed D% which indicates bounce from bottom.

BUY BEST WORLD (CGN-SES) @ 1.21 WITH SL OF 1.17 TP 1.26


Happy Trading..... :)

Keep reading for more updates...

Thank you :)




Comments

Post a Comment

Popular posts from this blog

Weekly Update on OLAM INTl (032)

Image
OLAM INTL (O32) COMPANY DESCRIPTION Olam International Limited engages in sourcing, processing, packaging, and merchandising agricultural products and food ingredients worldwide. The company operates in five segments: Edible Nuts, Spices & Vegetable Ingredients; Confectionery & Beverage Ingredients; Food Staples & Packaged Foods; Industrial Raw Materials, Ag Logistics & Infrastructure; and Commodity Financial Services. The Edible Nuts, Spices & Vegetable Ingredients segment offers cashews, peanuts, almonds, hazelnuts, and sesame. This segment also provides spices and vegetable ingredients, including pepper, onion, garlic, capsicums, and tomato. The Confectionery and Beverage Ingredients segment provides cocoa and coffee products. The Industrial Raw Materials segment offers cotton, wood products, and rubber products, as well as agri inputs, such as fertilizers. This segment also engages in the development of agricultural logistics and infrastructure soluti...
Read more

KLCI Stock Update

Image
KLCI ( Kuala Lumpur Stock Exchange Composite Index)  KLCI ( Kuala Lumpur Stock Exchange Composite Index)  on daily chart is forming a H&S  pattern on daily chart & also it near to a very important support level of fibonacci retracement level of 1753, we may see a bouce back prior to that level. Traders can expect short covering rally in it & continue to remain in uptrend. we can expect the target of 1772 & 1780 levels. https://www.777trades.com/ Happy Trading.....  Keep reading for more updates... Thank you :) ☺
Read more