First I always look at the chart first, identify which market structure we are in?
There is 4 stages in the market, Accumulation stage, Advancing Stage, Distribution Stage & Declining Stage.
Personally, I look at MFCB now currently from distribution stage heading into declining stage.
Share Price at the same time dropped bellow EMA 20 & 70, indicating short/mid-term down trend.
While waiting for MFCB market structure change from declining stage to accumulation stage. I will set price alert around 5.44 – 6.02. So that if MFCB hits those price range, which alert me into re-observe this stock again.
I have learnt during my past mistakes that we should let the stock price comes to us, rather than us chasing the stock prices.
Kindly follow me more for value investing =) Lets keep learning together!