NadLi

EFORCE - Cup & Handle Pattern

Long
MYX:EFORCE   EXCEL FORCE MSC BHD
EFORCE sudah breakout dari pattern "handle" dan menuju cantik ke atas mengikut pergerakan garis atas Bollinger Band. Pergerakan EFORCE kelihatan seragam dengan pergerakan MYEG pada beberapa hari ini (mungkin disebabkan kedua2nya co TS Wong). Kita tengok samada dia boleh memecah next resistance atau tak.

Next resistance = RM0.42 (upside profit kalu sampai price ni = 5%).

Pros:
1) Bollinger band = follow upper line. Good sign.
2) MA20 = candlesticks berada di atas line ni.
3) Parabolic SAR = positif

Cons=
1) RSI dan Stochastic = almost oversold. So ada possibility akan ada retracement.

(Ini bukan buy call. Trade at ur own risk)
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