TEOSENG Monitor for Entry at Strong SupportFundamental Analysis
Teoseng is under poultry sector in Malaysia. Malaysia currently under MCO 2.0 lockdown, and potentially an extension of lockdown.
Festivals seasons for Poultry Sector like Teoseng consider as Peak Seasons.
With MCO 2.0 lockdown in Malaysia, Restaurants & Business cannot operate as usual.
It will impact Teoseng Fundamentals Business Performance for the upcoming 2-3 quarters.
Therefore, fundamentally, the prospect of the sector will not be great!
Technical Analysis
Personally, what I learnt is there must be a Technical Analysis Strategic Plan in order to increase the risk-to-ratios favourable risks.
1. Draw Support & Resistance
2. Identify the stages (Accumulation, Advancing, Distribution, Declining)
3. Entry Triggers
4. Stop Loss
5. Exits
Good Favourable Risks-to-Reward for myself on Teoseng will be around Major Support area. Will Monitor and return to Teoseng if reach this Major Support Area .
I have learnt during my past mistakes that we should let the stock price comes to us, rather than us chasing the stock prices!
