NB: These analyses are not intended as investment recommendations or as financial advice! Please also note that you are always responsible for your own investments when trading on the stock exchange! The analyses are only based on my opinion and view. LETS CUANN!!!
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With today's close, we get a twezeer @2470 which is will be a good support and therefore I think it is safe to make the first buy.
closed today at 2540. lowest point 2490. Will it go up exceeding 2600 or even 2700 in days?
Talismanxx
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@kevinchillz, As we know that MDKA price is affected by GOLD commodity price most of the time. Currently, we can see that GOLD is retracing to its (@around 61%) of its previous uptrend and has been going down for some times now. IF the GOLD price somehow will be able to goes up tomorrow and continue , then sure i think MDKA will also follow. In my opinion, MDKA is a very good company, so if we are talking days(how long?100 days?lol or 7 days?) then ofc i think it can reach 2600, 2700, or even more later. HOWEVER, I really hope that MDKA will correct to @atleast 2350-2360 (ema20) as i see it as a good price to buy hehehe. Dont forget to plan your entry carefully as well as money management, GOODLUCK!
DoctorStonks
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@Talismanxx, the swing trading days i mean haha, 1 week to next week or less than a week. Hmmm i see, buy the dip huh.
Unfortunately, news are all over gold prices plummeted, including MDKA on negative trend (which is our buy opportunity). USA recovery also affected the gold price decline. I believe the massive decline was triggered by Kaesangmology which hyped ANTM, popular enough to decrease value of their own gold, as if gold is no longer scarce. This is what I've gathered a week ago and tonight news.
Talismanxx
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@kevinchillz, hahah i see, yes buy as low as possible for swing trade but if we are afraid that the price will not go as low as we want it to be but instead keep going higher, then we can solve it by buying one lot by one lot ...as long as having good MM then it will eventually become a good trade.
in my opinion, ANTM price is more affected by NICKEL commodity price rather than gold price (you know, Tesla battery rumour, etc...). SO, i take this MDKA price decline as a normal correction which will give us an opportunity to entry.
DoctorStonks
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@Talismanxx, alright, wow i'm surprised how nickel is that significant. Yea dollar cost averaging might be the safe bet. Thank you for the insight, mate
Talismanxx
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@kevinchillz, u r welcome bro...yep for ANTM, that tesla battery rumour is the catalyst.
DoctorStonks
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@Talismanxx, wow you predicted the dip price. It's 2380 now. Problem is, it's bearish. I think it would take months to break to 2700
Talismanxx
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@kevinchillz, yes, to bad the composite is experiencing bearish divergence now which mean a correction time. But, i think as long as gold commodity price can go up, i believe MDKA will also follow. I am going to wait at ARB tomorrow. Hopefully i can get a nice price.
Talismanxx
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@kevinchillz, BRO, almost 2700 congrats heheh
DoctorStonks
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@Talismanxx, i didn't buy tho. Still have doubts haha