Bias: Bullish. When SAMCHEM broke the blue long period MA line resistance, it rallied strongly. In the correction that followed, priced dropped up to 15% between highest point and lowest point in 5 trading days. As price appoached the same blue MA, it could be a buy-in oppurtunity if the breakout/reversal is to be true.
Stop-loss: 0.635 // The recent low point 0.640.
1st target: 0.755 // Previous high as minor resistance.
Gentle reminder: Plan the trade and trade the plan. Trade at your own risk. Stay tune!
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