FIHB Currently In The Overbought Territory
Looking at the chart and using the Williams %R indicator, we can see that the stock is currently in the overbought territory, with a reading of -3.33. This suggests that the stock may be due for a correction or a pullback in the short-term.
However, we can also see that the stock has been on an uptrend, with the price breaking above its 52-week high of RM0.68. This suggests that there may still be some bullish momentum left in the stock.
Therefore, for short-term trading, it may be best to wait for a pullback or a correction before considering a long position. Traders may also want to keep an eye on the Williams %R indicator, and look for a crossover back into the oversold territory as a potential entry point.
Overall, it is important to have a solid trading plan and to manage risk appropriately when trading stocks in the short-term.
However, we can also see that the stock has been on an uptrend, with the price breaking above its 52-week high of RM0.68. This suggests that there may still be some bullish momentum left in the stock.
Therefore, for short-term trading, it may be best to wait for a pullback or a correction before considering a long position. Traders may also want to keep an eye on the Williams %R indicator, and look for a crossover back into the oversold territory as a potential entry point.
Overall, it is important to have a solid trading plan and to manage risk appropriately when trading stocks in the short-term.
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