Simply_Is_Beauty

EASY123 Prediction @MYX SCBUILD

Long
MYX:SCBUILD   SC ESTATE BUILDER BERHAD
Prediction: UPTREND to Rally (When it breaks 0.065)
Target Price: R1=0.065-0.08, R2=0.10-0.11, R3=0.15-0.18
Support/Cut Loss: S1=0.04, S2=0.03

*Trend direction: UPTREND - Higher-High & Higher-Low positive movement
*Turning points (White-candle) have appeared on 05-Aug , an indication of the price revert to upward direction.
*Acceleration (White-diamond) signaled on 06-Aug, an indication of strong momentum.
*Take-off zone (Yellow-candle & Bell-alert) appeared on 29-Jun, 21-Jul & 06-Aug, an indication of price rally zone has started.

*Preference Strategy: Swing trading (Follow the BUY/SELL Signal respectively).
*Reminder TP & CL is an individual preference & decision. No fixed rule or guideline for it...Trade at your own risk.
*If you are interested in our trading template. Feel free to drop us a message, we are happy to share with you.

Signal's Interpretation:
BUY Signal:-
*Green-Background = Uptrend
*BT-Yellow-Diamond = Bottom signal.
*Green-Upward-Triangle = Potentially a Bottom signal.
*White-Diamond = Strong upward momentum accelerator.
*White-Candle = Turning point or a trend reversal.
*Yellow-Candle + Alert-Bell = Potential Price take-off area.

SELL Signal:-
*Red-Background = Downtrend.
*Red-Dot = Potentially a Top signal.
*Blue-Candle = Potential price selling off area.
Comment: SCBUILD...it hit our 1st R0.08, we had taken our round #1 profit. It is retracing to the new support 0.065-0.07 as our re-entry point to rally for next targeted resistance.

Disclaimer: This is not a Buy or Sell suggestion but merely information sharing. Trade at your own risk.
Good luck & Happy trading!

Comments

SC Estate Builder Bhd’s wholly owned subsidiary SC Estate Industries Sdn Bhd has entered into an agreement with Sigmagate Capital Sdn Bhd and Ismail Idris for amicable full and final settlement of the RM2.77 million debt due and owing by Sigmagate Capital to SC Estate Industries for the supply of various construction materials on credit, to be satisfied by 21 pieces of a freehold land together with all buildings erected in Alor Star, Kedah. Barring any unforeseen circumstances, the debt settlement is expected to be completed within one month from 27 August 2020.
Reply
Simply_Is_Beauty nazwanismail
@nazwanismail, Hi Bro, thanks for putting in the extra information to share with others. Good initiative, tqvm.
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