Q &A : SKP Resources 7155

by Tom Ek
(KL)

hi sifu ,

1st want to thank you for your TA on ocncash. i hv learned alot from your stock market course also.

Pls comment on skpres, i spot the bottoming tail on weekly chart but no buy signal on daily or hourly. How should i decide on buying.

I like this stock as it a uptrending & good fundamental. The strenghtening ringgit will benefit the co as well.

Thank you very much

Tom Ek

Comments for Q &A : SKP Resources 7155

Average Rating starstarstarstarstar

Click here to add your own comments

Jan 20, 2018
Rating
starstarstarstarstar 		Cup And Handle In 60 Min Charts Might Be Developing
by: Stephen

Hi,

I think I will do an in depth analysis on it like the rest of the stocks soon.

At the moment, I am filled with other requests from Telegram Group.

But to answer your question, the stock has broken a nice uptrend and cut through the 50 MA. Therefore, the daily uptrend is in question.

I do not know whether the sell off has finished and whether it will rebound higher to the old highs yet.

So, I look at the 60 min chart and saw some kind of cup and handle pattern.

It would be great if the stock can go back above the 60 min 50 MA and above 2.06.

That is also where it will break a longer trend line.

If stock drops below 1.95 it might continue lower.

To buy this stock right now will require a trading strategy that captures the volatility of the stock. Some kind of hit and run trading strategy instead of a trending type of strategy.

Hope this helps.

I will try and do an indepth analysis on it soon.

Stephen

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Ask Me A Question Regarding Stocks.

  • If you like this article, consider starting the Stock Market Course. It is free and jam packed with great information for newbies.
  • Want to have updates on the financial markets? Join my Telegram Channel. Dstockmarket.com Channel.
  • Help support this page and press the Facebook Like button below. Thanks!

Recent Articles

RSS

  1. Dow Finally Makes A Bullish Cross, More Bulls To Come

    May 21, 18 08:12 AM

    After a very long time trading below the powerful 20 MA and 50 MA, the Dow Jones is now back in bull mode trading above the 20 MA and 50 MA. What's more is it is experiencing a bullish cross.

    Read More

  2. Technical Analysis Lessons From FLR

    Apr 27, 18 05:31 AM

    In this article we will examine why FLR went from a downtrend to the start of a new uptrend. We will also look at some chart patterns and how it affects the stock.

    Read More

  3. Technical Analysis Lessons From AMZN

    Apr 26, 18 06:19 AM

    If you are interested to know why AMZN went up so much, this lesson will show you why AMZN was able double its stock price.

    Read More

  4. Technical Analysis Of Maybank

    Apr 26, 18 05:04 AM

    The surge in foreign funds investing in finance stocks has lifted many Malaysian bank stocks higher. Maybank is now making a nice uptrend in the daily chart. Will it be able to overcome the old highs…

    Read More

  5. Technical Analysis Of Top Glove

    Apr 26, 18 04:46 AM

    A technical analysis view on Top Glove analyzing the trend and price action.

    Read More