Trading Ideas - LIONIND (4235), MRCB (1651) and CCK (7035)

Hi Readers,

First of all, thank you for your compliments and your patience/attention to the blog is much appreciated. I am glad that you are making profitable trades. Do share with your family members and friends if you find it helpful. There were asks to share more trading ideas on top of long term investing ideas. I wanted to take the opportunity to ensure we are all aligned on the understanding. While there may be different interpretation on trading versus investing, my personal opinion is that the biggest difference is holding time and skills required between the two. Skills here referring to identifying trading counters and entry/exit plan (price actions, timing, risk management). As trading involves shorter duration of holding time, hence it requires higher skills including emotional reaction. Even with skills, one can make a mistake. No joke about it and there is risk involved.

With that, I would like to share some trading ideas below.

1. LIONIND (4235)
The nature of the business was in steel products and cyclical in nature. Came down from the high of $1.67 in 2017 to where it is today. The fact that it was in sideway consolidations at the back of major downtrend makes it really attractive. A breakout from the sideway consolidations will trigger the bullish sentiments.

LIONIND Charting

Possible trade setups:
Aggressive trader:
Entry: Now in between the sideway channel
Stop loss: 0.44 cents.
Target profit: According to your rate of returns or the levels above
Remarks: Watch for breakout above $0.635 which will bring it to $0.775

Conservative trader:
Entry: Breakout above $0.635
Stop loss: $0.50 cents and below
Target profit: According to your rate of returns or the levels above
Remarks: Confirmation of breakout of the channel if the price is able to stay above $0.605 for 3 days.

2. MRCB (1651)
The nature of the business is in property and constructions. It was in the range bound between $0.83 and $1.28 since 2007 until 2018. A new lower range bound developed in 2018 to 2019 in the range bound of $0.555 to $0.83. The recent euphoria of potential beneficiary for ECRL pushes it above $0.83 entering the previous 10 years range bound. That's where it caught my attention.

MRCB Charting

Possible trade setups:
Entry: $0.88 to $0.89
Stop loss: $0.83 cents and below
Target profit: According to your rate of returns or the levels above
Remarks: It has achieved breakout above $0.83 cents from the chart above and stayed above for 3 days. Hence, it is safe to enter. We should be seeing some profit taking and bringing it close to the entry level.

3. CCK (7035)
The nature of the business is in poultry and seafood. Went through major corrections beginning Jun'18 after being bullish since 2016. At the same time in Jun'18, bonus and subdivision share happening at the same time which resulted in dilution of its value. A death cross (technical charting) happened in Nov'18 which further bring it down to the low of $0.365.

CCK Charting

Possible trade setups:
Aggressive trader:
Entry: $0.645 +/- 3%
Stop loss: $0.57 cents and below
Target profit: According to your rate of returns or the levels above
Remarks: Watch for breakout above $0.70 cents

Conservative trader:
Entry: $0.605 +/- 3%
Stop loss: $0.57 cents and below
Target profit: According to your rate of returns or the levels above
Remarks: Revisit entry price if price continues to stay above 20 and 50 days MA


Good luck and all the best!!!




Disclosure: The information above is for sharing purposes without any understanding of investment targets and needs of readers. References to the price movements is informational based on my analysis and data obtained from sources believed to be reliable at the point of writing. Please do your own due diligence before initiating a position as this article is not a recommendation to buy.