MYX:ARMADA
DOUBLE BOTTOM
SUPPORTED BY EMA 50 + FAST TURTLE BUY
FiFT BOD TURTLE
MCDX BANKER SPIKE UP WITH 75% BANKER
REMARKS: ENERGY COUNTERS SOMETIME FOLLOW OIL PRICE SOMETIME DON'T.
SAME LIKE LADIES HARD TO PREDICT.
ARMADA
Theme: O&G
Rst: 0.54
Spp: 0.45
Solidly supported by Fibo Ext 100%, candle continues to forge above upper BB means the upside will further unleash towards next Fibo level soon, since nothing is blocking the momentum now.
Expecting for it to drop & make an entry at RM 0.345, might secure some share position at the price of RM 0.390 if its decided to go sideway within that zone.
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...
ARMADA
Rst: 0.395
Spp: 0.335
Tweezer bottom formation emerged from long term trendline BO neckline, if coming candles continue to form above this trendline (refer to chart), that's positive signal of trend continuation.
Trend continuation after bearish divergence.
Bullish scenario, high probability
Corrected to 0.465, with hidden bullish divergence. (green line)
TP1 0.645
TP2 0.73
bearish scenario, lower probability
ABC correction, TP 0.360
Laburlah Technical Coverage (17-APR, Tuesday):
ARMADA
Technical Analysis Breakdown
1. Trend: Still bull
2. RSI & Stochastic: Retracing
3. Immediate support: Upper BB
4. Support level: 0.90
5. Catalyst: Bullish crude oil price
Disclaimer: The abovementioned is purely for sharing purpose, you should seek advice from relevant personnel and do your own analysis...
