EASY123 Prediction @MYX LIONIND

Life is simple...Trade with Simplicity!

*The trend direction: Uptrend. (Must not break the S2 to maintain the trend)
*The Bottom signal (White bar) sighted on 04-Dec.
*Price tested the lifeline (Redline) & close slightly below.
*The Bell alert appeared on 10,12-Dec, a signal continuation of momentum.

Prediction: Correction back to immediate support S1. Candle seems formed a Symmetric triangle.
Wait to break the triangle to 1) Correction or 2) Rally Wave#3

Preference Strategy: Swing trading (Buy/Sell Signal)

Target Price: RM0.48-0.50 or Protect your profits at the respective Resistance levels.
Cut Lost: If broke below the respective Support levels.
*Reminder TP & CL is an individual preference & decision. No fix rule or guideline for it.

Comment:

LIONIND broke our R1 and surpassed our R2 RM0.475 on 02-Jan. Profit-taking was in-action & follow by price pullback/correction. After 4-5 days of correction, the price was supported at the Life-line. Currently, we are seeing the reversal, prepare for the next rally.

Good luck & Happy Trading!

Comment:

LIONiND: After making the interim new high RM0.475, it pullback and supported at the lifeline region RM0.38-40 on 16-Jan. It cannot break the new high RM0.475 and Double-top RM0.43 was observed on 23-Jan.
The correction (AB) was started & it has broken the lifeline region thus the reverse the trend.
We will do no action until it gives us the reversal signal.
Good luck & Happy trading!

Comment:

LIONIND: SUPPORTED & REBOUND
It pullback & supported at the Bottom region after hit our TP. It is going sideways until it breaks the interim resistance RM0.40 then continue to the previous high RM0.475.
Our next TP (RM0.50-53)
Good luck & Happy trading!

Trade closed: target reached