*The trend direction: Trend reversal from Down to Up. (Must not break the S1 to maintain the trend) *The Bottom signal (BT) sighted on 04-Dec. *Price tested the lifeline (Redline) & close above for the last two days. *The Bell alert appeared on 08-Oct &19-Dec, a signal continuation of momentum is coming. *The Star alert appeared on 18-Dec, a signal of strong buying momentum.
Prediction: The immediate hot-chase (Red-dot, above the candle) will result in the correction/pullback to/nearby the lifeline (Red-line). Once completed the correction, will rally to next Resistance.
Preference Strategy: Swing trading (Follow the Buy/Sell Signal respectively.)
Target Price: Immediate RM0.33 & Next RM0.38-0.40 Cut Loss: If broke below S1 Support RM0.25 *Reminder TP & CL is an individual preference & decision. No fix rule or guideline for it...Trade at your own risk.
Comment
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MITRA: It is going into the correction (a triangle was observed). Until it breakout the triangle to determine the direction. Interim support RM0.275 still intact. We will do no action until the direction is clear (Breakout the triangle) Good luck & Happy trading!
Order cancelled
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MITRA: STILL SIDEWAYS It pullback & towards the S1 support after it hit RM0.315. No strong buying momentum yet. Until it breaks RM0.29 to look for the pre-high RM0.315 for double-top. It breaks our critical support (Lifeline) & turns it into Resistance. Hence, we are cancelling the trade at this juncture. Good luck & Happy trading!