adamkhoosk

CLOUDPT post-IPO Movement

Long
adamkhoosk Mis à jour   
MYX:CLOUDPT   CLOUDPOINT TECHNOLOGY BERHAD
CLOUDPT developing good price/volume movement after 98 days from IPO.

Volume increase when price hike and volume decrease when price correction. (wash out)

Let's see if i am right. Awaiting solid breakout and stand firm above 0.625.

Disclaimer:
For educational purpose only, not buy/sell recommendation. Trade at your own list.
Commentaire:
Price reach 0.620 again after more than 10 days of wash out action since 4th Sep.
Let's see if price can breakout 0.620 solid this time.
Commentaire:
Will today breakout sustain? Foresee 0.640 support will be tested to build momentum for another rally.
Commentaire:
Seem like breakout is firm. 0.640 will be crucial support. Next is let's see how the big shark want to play.

1. Pull back to wash contra player. T+3
2. Continue momentum and push the price up.
3. Major wash out to wash out even more retailer.

Let's see.
Commentaire:
Shark play number 3, major wash out. My entry point around 0.605 which allow me to hold for this shake off.

Price back to 0.625. Need to build back momentum.

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