C8R SGX BUY/LONG NOW READY! 0.075 to 0.235 by End 2023!TICKER CODE: C8R SGX
Company Name: JIUTIAN CHEMICAL
Singapore Stocks Process Industries Chemicals: Specialty
Position Proposed: BUY
BUY ENTRY: NOW READY (0.075-0.090)
1st Partial Take Profit: 0.150 (End 2021)
2nd Partial Take Profit: 0.235 (End 2023)
3rd Partial Take Profit: 0.270
Potential Take Profit: 0.365
Stop Loss: 0.065
Technical Analysis
1. LARGE INVERTED HEAD & SHOULDERS PATTERN (PARTIALLY COMPLETE)
2. Area of Confluence on EMA 60 & structure level
3. 1st Partial Take Profit would very likely push RSI to overbought levels which
would reject back down to new support structure
4. 1st Partial Take Profit will also be the Take Profit of Completion of Head & Shoulders Pattern
5. 2nd/3rd Partial Take Profit will be at the key level zone which is also near potential resting sell orders
6. Potential Take Profit will be at the Take Profit of Assumed Bigger Head & Shoulders Take Profit Level
