Can this IPO break higher than it's listing price?
The price has been moving sideway for several days after 3 green candlesticks breakout were formed. This share has been standing strong and about to challenge for an all-time high. What it requires now is the momentum to carry out the whole uptrend breakout and eventually turning into a strong uptrend movement.
I believe 10% of profit shouldn't be an issue from the price of sideway formation![]()
Here is the chart that has been anticipated beforehand ![]()
(although there was a slight drop in between)
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Price action and momentum trading
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Be like Water OP : $SSF (0287.MY)$![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Hooray patience is the key!
This stock has finally appeared the exact candlestick that I have expected
姜蓉巴丁鱼 : Yes, brother, what method did you use to calculate it?
Be like Water OP 姜蓉巴丁鱼 : I am using price action to determine the momentum of the stock coupled with some indicators to forecast the overall movement. Since SSF did not break the whole trend and went into a down slope, rather it stood firm around 0.24 to 0.25 and later managed to pull back up to it's crucial resistance at 0.265 and eventually a definite breakup with momentum was seen to achieve it's all time high