BINTAI stock price "suddenly" spike up with high volume with "fundamental News" it's a "meow meow" AND "fishy" scenario ?! Previous Analysis of Bintai at comments below
Possible area of value @ 0.440-0.475 for collection (I use reverse fibo 1.272 for 3 downside movement in the triangle)
Invalidated if price hit above 0.555 in short term.
TAYOR
My view on BINTAI:
1) Im looking to enter in the Cyan zone.
2) My entry is upon bullish reversal of Stochastic indicator in M15 timeframe.
3) My targeted profit zone is around 0.740.
BINTAI Fundamental overview:
Share prices of both Yong Tai and Bintai Kinden have skyrocketed since announcing their respective vaccine distribution ventures last year. Bintai...
After making a successful 52WH, the stock has pullback for quite a while with at least 2 dead cat bounce. And the price seems steady at 61.8% support (0.625) for few candles now. We also observed lower volume during pullback, indicates only few seller are selling their shares. Only time will tell when the buyer will start to take control. Best is to wait reversal...
MYX:HWGB-WD is poised to retest its .815 retracement level after successfully broken the downtrend resistance. It has also succesfully bounced from the RBS and now is ready to fly to the next roof.
Currently its mother trades just shy below RM1 while its peers like MYX:SOLUTN and MYX:BINTAI had already broken past RM1 and maintain above that level.
We...
BINTAI performed well on Friday (due to Vaccine news) however selling pressure has bring the price down. The price just breakout from ascending triangle and next TP could be at 0.935 / 1.0 / 1.16 (Fibo 1.272), with Support at 0.670 and 0.570.
MACD is showing a breakout signal, with RSI showing good momentum building up.
TAYOR.
Bintai formed an Ascending Trending Triangle pattern, waiting for breakout strong resistance near 0.75 region. Would 1st October "history repeat itself"?
There a still a long way to go with current Covid 19-Vaccine sentiment, but upside potential is worth the risk. (RRR 1:6)
EP 0.65
TP1 0.74
TP2 0.825
TP3 0.940
TP4 1.120
SL: 0.57
RRR: 1:6
TAYOR guys !
p/s: I'm...
Resistance is getting stronger. Support is weak but showing strength with higher lows. It might just range for a while longer before breaking out but who knows....anything is possible.
Disclaimer: Please consult your crystal ball before making a decision.
After strong rally BINTAI is getting into a pullback with lower lows.
Looking for support at .56 or .41.
Slow STOCH crossing down the fast in overbought zone, even though this indicator is lagged in nature, is signalling price coming down.
However it's a vaccine fever so one may expect quick rebound at those support lines.
Unless something bad happen, vaccine...
