Head & shoulders forming, SMAs also crossing forming a Death Cross. Is this just a false alert from market correction? Or is this resulting from the oversupply of masks from China?
Anyway, OCNCASH QR has been delayed from 31 May to 30 Jun. Will KIV until then, and keep an eye out to CL at 58sen.
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Riding the slight bull on Friday after 3pm together with gloves, it looks likely that the counter may go green again and might actually hit the right shoulder.
Based on this, I am setting a target TP around 80-85 sen. CL at 58sen based on the support/confirmation line.
However, I will not re-enter this counter as oversupply of masks is a solid reality. Hopefully able to close this trade in green!