Managed to climb and stay above 500 pychological level after moving sideway between 420 to 500 for most of 2021.
Nice and strong uptrend with EMA20 to EMA200 line up.
FiFT +ve indicating strong bull.
Weekly Chart MCDX 75% but daily chart MCDX banker still low with only 6%.
Fibo target 570. Support 480
Based on Finviz, Avgo gross margin is 60%, RoE 24%. Analyst's target price 551
Plan :- Monitor and wait for price pullback to near EMA50. Valid only if price stay above trendline.
Nice and strong uptrend with EMA20 to EMA200 line up.
FiFT +ve indicating strong bull.
Weekly Chart MCDX 75% but daily chart MCDX banker still low with only 6%.
Fibo target 570. Support 480
Based on Finviz, Avgo gross margin is 60%, RoE 24%. Analyst's target price 551
Plan :- Monitor and wait for price pullback to near EMA50. Valid only if price stay above trendline.
Trade active:
Short term target hit, Near mid term 570 target
FiFT getting weak but overall still good.
Short term target hit, Near mid term 570 target
Trade active:
Approaching resistance.. Take Profit or trailstop. Use Turtle Trend or Fast Turtle Sell to exit.
Contact me to learn Turtle Trading System, MCDX and other indicators (t.me/SgxFx)
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