BHIC trade ideas
Boustead Heavy Industries- BHCMy view for this counter.
Pattern falling wedges.
Price at bottom area. Possible double bottom formation.
Good luck & TAYOR
Boustead changes of trend into bullish to achieve RM0.850As the chart shown, we may predict the price correction to RM0.700 from current high. Once retracement completed and bullish volume enters with higher than daily average, we may set target price of RM0.85
Viewing the trading activity to ensure bullish volume by viewing MACD and RSI.
Ensure MACD and RSI are both correlating to the bullish trend and entry at price above RM0.700
Current Price: RM0.750 - RM0.755
Support: 1-RM0.670 2-RM0.575
Target Price: 1-RM0.850 2-RM1.00
