AkuPaPoRex

Bursa TECFAST - 2021 Possible 0.550

Long
MYX:TECFAST   TECHFAST HOLDINGS BHD
TechFast Holdings Bhd possible to reach 0.550 soon. Since end of last year I seen that the price has slowly weakening/ downtrend until drop happened recently. From this price, may look for opportunity to entry at the gray box zone or until 0.385 price & mark it as a zone. If the seller keep pushing down, it is possible to re-average the price/ value at the Light Blue Zone or in between 0.365-0.340 once its inside the box.

It is also possible to create spike & break "Potential TP" gate before get rejected at 0.525, if pressure from buyer is enough then it will reach to the red zone and then only get rejected.

Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.

Comments

The 50ma support on weekly chart corresponds to 200ma support on daily counterpart plus the major trendline. This price has entered an area of strong support.
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AkuPaPoRex Tentorium
@Tentorium, hi...thanks for your time & comment. Yes, indeed it is at the strong support zone now. There is a tiny demand existed at the gray zone, for start buy but somehow we are looking for opportunity to enter at the potential price if it is happening. :)
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