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Author: Ooi Teik Bee | Latest post: Tue, 24 Dec 23:42
To educate investors the correct method to invest and trade stocks globally.
To educate investors to create a second income without having to quit their jobs. To educate investors to make money from stock market consistently month after month. | |
Hevea - Technical Analysis
Author: Ooi Teik Bee | Publish date: Tue, 24 Dec 23:42
Dear valued members,
Disclaimer : This article is meant for educational purpose only. Buy at your own risk, Final decision is yours.
| Hevea | ||||||
| My trading plan | ||||||
| I like the technical chart of this stock because it is a breakout chart. | ||||||
| Major resistance is 1.24, 1.54, 2.02 and 2.89. | ||||||
| Major support is 1.08 and 0.98. | ||||||
| Target price = 2.89 | ||||||
| Margin of safety = 57% | ||||||
| Potential profit gain = 135% | ||||||
| Cut loss at 0.965 = 21.5% | ||||||
| Risk reward ratio at 0.965 cut loss = 1 : 6.26 | ||||||
| SharesXPert - Probability to win is 5 against 2 i.e. 71% chance (back testing last 3 month data). | ||||||
| Feng Shui element = Wood | ||||||
| Buy Hevea at 1.23 (24/12/2013). Thank you. Ooi Teik Bee | ||||||
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