ginlin84

NYLEX (BURSA WK42 2021)

Long
MYX:NYLEX   NYLEX (M) BHD
After a long consolidation since May till Sept, price was started boost up at 15 of Sept.
Stage 1 is completed, and Stage 2 - Uptrend is on going.

A trade reversal retracement at 14 Oct and 15 Oct is a confirmation day. Bullish candle with volume (1.2x average volume), Stochastic golden cross at 30.

Initial stop loss at 1.10 recent lower level. Target profit 1.35~1.40 with 2R if can cross up resistance line at 1.26

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