Glem

SPRING (Consumer) - ideas update

Long
MYX:SPRING   SPRING ART HOLDINGS BERHAD
Note.

PROs fact!
- Few positive idea to indicates this stock.
1) All price movement is in green zone (EMA8, EMA21).
2) All price movement is above directional line (black, EMA100).
3) All price movement line is above Long EMA (red, EMA200).
4) Volume is above Volume MA (30 days)

CONs!
1) Bursa Consumer Index is below EMA 200. But has a progressively increase by 20% in last swing.

Predict#
- Base on above analysis, I assume that in next session will be undergoing some correctional move. Since that, price breakout higher on date Feb, 8th which it will be another breakout at 52 week high.
- Do suggest entry in between Resistance & Soft Support as in Eli-Wave plot (A) & (C). TP point should be at plot (C).

Comments

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