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HengYuan BoD Candidate

Long
HENGYUAN REFINING COMPANY BERHAD (MYX:HENGYUAN)  
kgiap123  
MYX:HENGYUAN   HENGYUAN REFINING COMPANY BERHAD
Trend Analysis Chart Patterns Technical Indicators
13
3
trendanalysis chartpattern indicator

Hengyuan still below EMA200. But price above EMA20/EMA50 (Bullish) and EMA20 > EMA50 (short term Uptrend)
BoD signal appear after bouncing from Fibo 0.618 and Trendline.
It's FAT Fast Turtle Buy.


Potential target price at 4.28 (Fibo and Price structure confluence)
SL 3.4
Buy around 3.8 will give good risk reward ratio of 2

This analysis was done by 1 of traders who use Turtle indicators.
Contact me to learn Turtle Trading System, MCDX and other indicators (t.me/SgxFx)

www.tradingview.com/script/mbiUr95n-MCDX-Plus/
www.tradingview.com/script/mcAidXIT-FiFT-Pro/
www.tradingview.com/script/viAR3Ilo-Trend-Sign

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