TEXCHEM (12/11/2020) on weakness
In the past 91 days, this stock has undergone huge selling pressure and down by -46%, and now is on Corrective Wave C to find a new lower low. With Stochastic in overbought zone, the stock could continue in downtrend to find a new support around 0.618 level (0.600). A strong support is at 0.565.
A good entry would be to wait for the downtrend line breakout and a reversal pattern near support zone (fibo level 0.618), and Stochastic to start entering 20+ region.
The stock is Non Syariah (NS), so won’t be suitable for Syariah trader.
TAYOR
A good entry would be to wait for the downtrend line breakout and a reversal pattern near support zone (fibo level 0.618), and Stochastic to start entering 20+ region.
The stock is Non Syariah (NS), so won’t be suitable for Syariah trader.
TAYOR
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