HANDLE in the making .this pattern has higher probability of success if the breakout of the handle high happens
WAVE4 -buying climax spotted at level FIBO 0.382, price broke 1.240 level with high volume valid, very high probabilities price will touch 1.445 with more buying interest to push to the upside , and possible rounding bottom (CUP) pattern will be form . my mind-term target will be 52WH as for now
MYX:PELIKAN UPTREND UPTREND VCP FIFT SPIKE MCDX+ SPIKE UP RISK 12%
MYX:SOLUTN UPTREND VCP FIFT SPIKE MCDX+ TURN STRONG ATOM BUY
MYX:ANNJOO UPTREND WAIT FOR SLOW TURTLE BREAKOUT TRADE MCDX+ TURN STRONG FIFT +VE RECHARGE/ ATOM BUY
MYX:BURSA Inverse HnS Slow Turtle Buy(B) use for BOB FiFT +ve recharge MCDX+ Spike +ve SL: Below 8
Currently the price has comeback to the all time / daily support line, this might be the opportunity to long for short-term on this counter. If the price keep falling, we can either re-average the price or CL at the 0.095 zone and 0.075. Do bear in mind that it is in the sideway pattern which we could take this opportunity to gain some earning: Buy Low Sell...
The profit target for the pattern is the price difference between the head and the low point of either shoulder. I would say it's RM1.05 differential. Having said that, imo the demand area for a bounce or reversal would be around RM7.00. Covid-19 daily cases in Malaysia have been breaking ATH after ATH. The nation's healthcare system is at a breaking point....
KUALA LUMPUR (Jan 21): Top Glove Corp Bhd said its annual rubber glove production capacity had reached 91 billion pieces as at January 2021 as demand for gloves continued to be strong despite the availability of vaccines to curb the Covid-19 pandemic. Looking ahead, Top Glove said the targeted annual production capacity of 110 billion pieces of gloves by December...
My view on RUBBEREX are: 1) Weekly Stoch is on a bullish reversal 2) Price is currently testing on a support level 3) My presumption that the price will go to the next major support at 2.030. But I will look to take out my profit at 6% from my entry price (1.670) 4) Average EPS 5) Financial report looks impressive