Continuation of Mark-Up Stage – Serba Dinamik (5279.KL)
A good setup pattern from Serba Dinamik in the daily chart above. Here are the few reasons why Smart Money is still accumulating and will push the price higher:
1. A strong background in the Mark-Up stages since Feb 2017
2. A long accumulation happened from Jan 2018 to July 2018 indicates smart money are absorbing the supply. This is confirm the Line Change bar on 25 July 2018 by locking up all the potential seller in the market.
3. A 2 months of accumulation happened again (End of July to End of September 2018) with another confirmation of Line Change with high volume on 2 October 2018
4. Smart Money have locked up the seller with 2 Line Change bars
5. Lots of Sign of Strength in the background with Spring (SP) and Test (T) before the Line Change
Looks for Pullback in intraday chart for potential trading opportunity if you have missed your entry for today. Below are the prefer trading plan based on TradeVSA hourly chart:
A. Entry = RM4.09 – RM4.13 (look for SoS etc. Spring, Test and No Supply during pullback before enter)
B. Exit = RM4.06
C. Potential Risk = -0.7% to -1.7%
Disclaimer: This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock.