Greetings, since the trend break through the bottom resistance 1557, now the new test of resistance will be 1527.
The MACD and RSI show the down trend and i feel that it is meaningless to show the indicator, so i use other indicator to show the how the trend is going.
As you see, the trend is down trend now, and the down trend would probably continue at next...
Following up from my Nov 22, 2020 post, prices have trended significantly lower from then RM7.29 to close at RM3.72 today.
While prices seem to be temporary supported at the RM3.68 area, it is good to note that if this area gets broken on the downside, steep slide will be expected.
Good luck. Next area of support RM2.30.
BURSA probably now moving up to wave b (green) of the running flat (a)(b)(c)(yellow) pattern. Whereby wave b (green) could reach at around RM20.00 on upper trend line of a parallel channel (Cyan/Blue)...
MYX:SIMEPROP has seen some very sideways ranging action in recent weeks.
Targeting an initial area of RM0.78 IF prices are able to break above the current RM0.665 resistance area.
These are just my views and in no way represent any buy/sell call or recommendation. Information shared are meant for educational purposes.
Currently having some form of resistance around the RM0.98 region, having able to surpass this, I believe MYX:AIRASIA has much room to move higher.
Targeting an initial area of RM1.50, then RM2.12 and further RM2.63 (lesser probability) IF the initial RM0.98 resistance area is broken.
These are just my views and in no way represent any buy/sell call or...
Spotted a potential breakout to the upside for MYX:CYPARK at RM 1.04 with an immediate target of RM1.26.
However This could be a riskier setup given the amount of resistance levels it needs to overcome in order to move higher.
Per my tagged previous post on MYX:SUPERMX , everything seems to be going per planned and as expected. Targeting the the support region of RM1.00 for this ticker. Good luck.
I am in no way a market pro. I don't read any fundamentals/news or analysts reports. Everything here is based on charts.
Following my 6 September post on this ticker, MYX:TOPGLOV has moved according to my prediction and is on track to reach the target. I have made some mistakes in estimating the target of RM2.30 earlier, but in this post, I have revised the target to around the RM2.00-RM1.80 region.
The rising of the ftse has ended this weekend, therefore next week may enter into Retracement period. It may take one week or with two week to complete the retracement, then might rise again.
The reason of the prediction is because if we look into week trend, the new higher point is just about to start. This give us credible basis to believe that the trend will...
We have a nice week at 23/08 to 27/08, however we have to prepare for the retracement in future. It might be a big retracement day before National Day, after that might start to drop. Simple analysis as my main analysis is Hang Seng Index, but the whole week may be a bearish trend