JHM long trading plan
Disclaimer : This analysis is not meant for buy call, but personal trading idea log for reference.
Analysis is based on trendline and channel. Confirmation on our long position are based on RSI , Stoch , MACD and MCDX (indicator by kgiap123).
JHM continuing it uptrend after break the previous trendline on 29 May and 12 June, and this is confirms by the channels, trendline drawn based on LL, LH, HL and HH indication on chart. Retracement on 9 July 2020 is noted based on the HH indicator thus a down trenline is drawn and monitor if there is any breakout in daily chart . Today 21 July a breakout happened at daily chart . The uptrend may continue tomorrow but it need to break the upper trendline at 1.660 (it closed price) , and if it breaks the trendline, it may go higher to the 1st TP - RM1.755 and if the uptrend continues it may go to next TP at RM2.35.
Confirmation of long position are based on:
- MACD crossing up forming.
- RSI > Stochastic
- MCDX that indicate smart money still high more than 50%.
Analysis is based on trendline and channel. Confirmation on our long position are based on RSI , Stoch , MACD and MCDX (indicator by kgiap123).
JHM continuing it uptrend after break the previous trendline on 29 May and 12 June, and this is confirms by the channels, trendline drawn based on LL, LH, HL and HH indication on chart. Retracement on 9 July 2020 is noted based on the HH indicator thus a down trenline is drawn and monitor if there is any breakout in daily chart . Today 21 July a breakout happened at daily chart . The uptrend may continue tomorrow but it need to break the upper trendline at 1.660 (it closed price) , and if it breaks the trendline, it may go higher to the 1st TP - RM1.755 and if the uptrend continues it may go to next TP at RM2.35.
Confirmation of long position are based on:
- MACD crossing up forming.
- RSI > Stochastic
- MCDX that indicate smart money still high more than 50%.
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