Important Stocks To Watch - Breakout Stocks

Long Term Breakouts To Watch

Stocks At 50 MA & 200 MA

Liihen company

by Ben Tan
(KL, Malaysia)

Bought this counter at RM3.52 just a day ago. Apparently, the price has dropped to RM3.42. Just wonder if you could share with me
your expertise on whether there is any upside in this company in near futher?

Thank you

Comments for Liihen company

Average Rating starstarstarstarstar

Click here to add your own comments

Jan 15, 2018
Rating
starstarstarstarstar 		Stock At Long Term Support
by: Stephen

I can understand why you bought this counter as it is correcting to weekly long term support. This area is a very strong support.

However, the daily chart has not yet bottomed which is why it is dropping. I think you have entered prematurely.

Stock is at the powerful 200 MA and usually this can help the stock to find support as well.

I cannot see an end to the downtrend yet.

Perhaps if it can form a double bottom and trade back above the daily 50 MA, then im confident it is possible for the stock to move back up.

There is very strong support around 3.00 to 3.30 area. If you wish to hold it the odds of it going back up is quite high.

There is no certainty in trading only probabilities.

Hope this helps.

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.

  • Help support this page and press the Facebook Like button below. Thanks!

Join Dstockmarket's Facebook Page 

Recent Articles

RSS

  1. Technical Analysis Of AAPL : Making Sense Of Apple's Stock Price

    Dec 01, 21 09:24 AM

    Apple is one of those stocks that we should look at almost every day. The reasons is because it is a component of the Dow Jones, the S&P 500 and the Nasdaq.

    Read More

  2. Stocks At Their 50 MA And 200 MA

    Dec 01, 21 05:20 AM

    Here are a list of stocks that are at their 50 MA and 200 MA. The 50 day moving average and 200 day moving average can be a support area where stocks bounce off

    Read More

  3. US Stock Market Analysis Dec 2021 | Dstockmarket

    Dec 01, 21 03:40 AM

    How will the US stock market work in December? Will there be a rebound? Will the stock market continue to go higher?

    Read More

  4. US Stock Market Analysis November 2021

    Nov 30, 21 09:11 AM

    Are the markets going to continue to move higher? Is it in an uptrend or downtrend and where are the support and resistance?

    Read More

  5. LAC Stock Chart Lesson - Stock Moves From $13 To $40

    Nov 30, 21 06:07 AM

    In this stock chart lesson, we will learn how LAC rose from $13 to $40. We will study the chart pattern and the technicals.

    Read More