ArifHasbollah

SCGM Good Time to BUY?

Long
MYX:SCGM   SCGM BHD
SCGM looking good with their profit.

1. After a long trending market price stop for accumulation or distribution.
2. Forming a descending triangle indicates a continuation of the bullish trend .
3. Stoc oversold for Daily TF.
4. Bearish volume diminished.

Entry
1. Good entry if TF 1H have SV

Target price
1. 1st TP will be 3.900 if break the triangle.
Comment: No SV at 1-hour timeframe indicates the price in distribution mode.

Comments

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