Croxie

Small Long in PERMAJU 4H

Long
MYX:PERMAJU   PERMAJU INDUSTRIES BHD
As we can see in chart, the current trend is down and not showing the price will stop will hit at resistant 3.

Previous pattern, head shoulder form marking that the price is decline to go long. The fibo also showing the price already touch 1.618 fabo.

My idea is, the price will stop at resistant 3, 0.360 and will create hook pattern and that is the best time to buy if buyer push the price back but till 0.460 only.

CL: 0.325

#need your idea and comment as we all have difference strategy.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.