DrArifMokhtar

MINETEC - Strength Build Up into The Resistance

Long
MYX:MINETEC   MINETECH RESOURCES BHD
Please consider your own interpretation of Opportunity & Risk:

Green Arrow (Transparency = 0) = Representing Upside
Red Arrow (Transparency = 0) = Representing Downside
Green Arrow (Transparency = 30%) = Representing Alternate Price Path, or less probable outcomes
Red Arrow (Transparency = 30%) = Representing Alternate Price Path, or less probable outcomes

NO BUY CALLS OR INVESTMENT ADVISED ARE PROVIDED.

DISCLAIMER: This analysis is for reference and learning purposes only. It is based on my personal view in the market from a technical analysis standpoint. None of information posted in this chart can be used as investment decisions or investment advises to any parties. Do not trade solely on the information posted in this page. Trade at your own risk and judgement. A trader could potentially lose all money. Only risk capital that can be lost without jeopardizing ones financial security of lifestyle. Please seek licensed professional guidance if you plan to invest your capital seriously.

PENAFIAN: Analysis ini hanyalah untuk tujuan rujukkan dan pembelajaran sahaja dan bukan cadangan untuk membeli atau menjual stok atau apa jua jenis instrumen kewangan. Anda dinasihatkan untuk menghubungi remieser / dealer / bank pelaburan yang mempunyai lesen atau kelayakan yang sah untuk bertanyakan pendapat dan menguruskan pelaburan anda. Pelaburan dan perdagangan mempunyai risiko tinggi, dan ianya adalah Risiko Anda Sendiri.
Comment: Berdasarkan prices movement dari August 7 (last analysis date), MINETEC initiated a bearish leg setelah satu setup Bearish Engulfing muncul. Price broken TL Line (yg saya sangkakan Rising Channel punya lower TL) dan terus menjunam sehingga paras 0.255 pada hari ini... terdapat rejection pada sesi terakhir sebelum tutup hari ini.

Paras 0.255 adalah second test (first test pada 1 Jul 2020). Jika paras harga ini kekal sebagai Support, MINETECH boleh dikatakan sedang berada dalam keadaan "trading in a range" dengan 3 touch points pada paras harga 0.355 dan 2 touch points pada paras harga 0.255.

Kedua-dua paras harga ini (0.255 to 0.355) defines the trading range, and price could trade within this range.

Short term traders may profitable sebab jarak 0.255 hingga 0.355 boleh memberikan potential upside sebanyak +39% (dari Support @ 0.255 hingga Resistance @ 0.355).

Kalau Support fail to hold at 0.255, price could further fall to find the next Support level at 0.200 which is a -22% potential downside from today's close.

Join our Quantitative Analysis & Algorithmic Analytics Group : https://t.me/joinchat/00yMmY6XM0ZmNTg1