Samsung Electronics Co Ltd DRC Pref – a Long-trade (Buy) opportunity in LONDON STOCK EXCHANGE as per the
chart.
Samsung share price in the London Stock Exchange is soaring high.
Samsung share price in the London Stock Exchange is soaring high.
Samsung Electronics Co Ltd is a Korea-based company mainly focusing
on the manufacture and distribution of electronic products. The Company runs
its business through three segments. The Consumer Electronics Segment is the primary segment, that is in the manufacture of color TVs, Computer monitors,
computer printers, ACs, fridges, washing machines, and many others.
The Information Technology (IT) & Mobile Communications a segment is primarily doing business in the manufacture of computers, landline
phones, network systems, digital cameras, etc.
The Device Solutions Segment is primary doing business in the
manufacture of semi-conductor and display parts, including RAMs, flashes, thin
TFT-LCDs and others. The Company serves its products within the domestic market and
also to overseas markets.
DATE
|
30-AUGUST-2019
|
PREV. CLOSE
|
747
|
OPEN
|
758
|
HIGH
|
764
|
LOW
|
757
|
CLOSE
|
764
|
Recommendation: As Samsung
Electronics Co Ltd DRC Pref – a Long-trade (Buy) opportunity, it’s better to go for a LONG-TRADE till it bounces back from
its over-bought region or hits the stop-loss. Traders are advised to maintain
trailing stop-loss and take profits. There’re more chances of touching
the 773 level from its current level of 764 is more probable.
Trade Table:
Date
|
LTP
|
Stop Loss
|
Resistance 1
|
Resistance 2
|
Resistance 3
|
30-AUGUST-2019
|
764
|
757
|
766.30
|
768.65
|
773.30
|
Samsung Electronics Co Ltd DRC
Pref shares Resistance 1, Resistance 2, Resistance 3 can be checked from Pivot
Point Calculator.
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