ellynacci

Uptrend stock - Upside Breakout [NS]

Long
MYX:MAYBULK   MALAYSIAN BULK CARRIERS BHD
Maybulk rose above DTL with its daily RSI indicator in an uptrend coupled with HH and HL bullish structure remain intact. Hence, we see a possibility of further movement towards resistance R1 at 0.785 followed by R2 at 0.83. The downside support is projected at 0.65 followed by 0.555. A breach below S2 will negate this bullish outlook.

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