PDZ Long Trading Plan

Disclaimer : This analysis is not meant for buy call, but personal trading idea log for reference.

Analysis is based on trendline and channel. Confirmation on our long position are based on RSI , Stoch , MACD and MCDX (indicator by kgiap123).

PDZ is in uptrend and had a retracement from 14 - 21 July this is confirms by the channels, trendline drawn based on LL, LH, HL and HH indication on chart. Retracement on 13 July 2020 is noted based on the HH indicator thus a down trenline is drawn and monitor if there is any breakout in daily chart . Today 22 July a breakout happened at daily chart in the evening. The uptrend may continue tomorrow, and perhaps would break the RM0.210 resistance with good momentom shown in MCDX and good volume.

Confirmation of long position are based on:
- MACD crossed up.
- RSI > Stochastic
- MCDX that indicate smart money still high more than 50%.
klciTrend Analysis

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