MYEG above 0.85 is bullish, below 0.85 is bearish. The most likely trajectory is heading south.
The candlestick indicates a divergence pattern with results in volume towards the next price resistance. The upper limit channel provides a signal for entering a long position hence a price breakout towards the resisance. MACD and RSI indicators confirmed the candlestick pattern signal. Let's save MYEG in WL and watch out for the price rally-up action with...
The current price exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
I will wait for the fast 20 & mid 50 EMAs to cross slow 200 EMA on (W) timeframe before adding to my Watchlist.
MYEG possible forming a triangle in wave a (green), where It May take few years to build a “base” @ 0.285 +/- before a “new rally “ for ATH.
#MYEG (CASE STUDY) SETUP Breakout downtrendline w+ rally base rally TP1: 1.01-1.05 Lets monitor closely! *Personal opinion trade at your own risk*
The candlestick pattern indicates an uptrend pattern backed by the MACD indicators which indicate a divergence signal without volume supports the price momentum. RSI indicator shows continuous buying pressure due to fresh buying interest from the trader. The price Point of Control (PoC) is 0.860 is the same as the last closed price. Yet, the closed price is...
MYEG is forming a nice HH and HL and finding support level at 0.83, however volume is still low, if next bar show better volume can potential for an upward breakout to reach 1st resistance level at 0.91 and 2nd resistance level at 0.96.
Price is currently at demand area and formed potential rejection on 26/07/2022. Could this demand area and harmonic bullish butterfly pattern indicates potential reversal for MYEG? Potential entry: 1) RM0.74 / RM0.745 2) RM0.675 - RM0.685 Resistance: RM0.805 / RM0.835 Support: RM0.74 / RM0.675 Disclaimer: This trading idea is for education purpose only. This...
The candlestick indicates a divergence signal where the price toward the MA20 line with high volume confirms the trend. The RSI indicates a positive momentum toward indexes 50 with a high gain during the previous trade. OBV and MACD indicate a divergence signal hence confirming the price uptrend toward the MA20 line. To place a bid, use VWAP as a guideline then...
One can consider to take a long position on MYEG where it is spotted rebounding from 52-week low in EW ABC corrective zone where it has completed the 5 sequence. if seen in weekly chart, the said rebound is actually at fibo50, where the last candle is a hammer, further indicating a high reversal potential. Retracement EP shall be at 0760, which is fibo618 in...
Supp 0.850 to 0.870 Rst 0.96 & 1.00 Sideway chart pattern Macd positive area Follow the candle movement will do.
Increasing latest QOQ and YOY sales and profit.price has just break the horizontal line with higher than average volume
Based on collective indicators; RSI, MACD, and OBV, a divergence signal where the price changes direction to an uptrend. Let's save MYEG and watch out for a significant price with volume. R 1.000 S 0.905
Happy New Year everyone. Just got back from year end vacation. Have been following MYEG since Nov 2021 (link below), pull back after attempt breakout. (50% of the time pull back will happened in stock market), our job is to monitor if the pull back is a healthy or unhealthy pull back. Seem like this round is natural reaction where pull back <10% range. Price...
Strong fundamental company.Increasing YOY and 2 consecutive QOQ sales and profits.Weekly forming cup and handle patterns.Watch for breakout the handle with high volume
MYEG is doing good. as of now it looks in a sharp buy mode. Can see a level of 1.10 mark