1. Price candle break out MA 200 on 7 June '23 give strong signal the price movement may change direction to bullish soon.
2. Price candle testing MA 200 on 25 Aug '23 to 29 Aug '23 to shake out weak retailers. Price candles break out MA 200 again on 30 Aug '23.
3. GC (Golden Cross) MA 50 & MA 20 happen on 16 June '23 give another strong signal the price is build...
JFTECH
Rst: 1.69
Spp: 1.48
Fresh breakout from pennant formation but due to BB formation still in very narrow form, it will require some time to let the formation open up first before allowing sustaining upside to emerge.
JFTECH
Theme: Tech
Rst: 1.69
Spp: 1.48
As the stock continued to face resistance at Fibo Ext 50%, there’s still further space to retrace towards its multiple supporting point at 1.48 (MA50 + Fibo Ext first tier), nothing enticing now to ride this. Any chance of rebound will be shortlived since downward trendline has emerged.
JFTECH
Rst: 1.69
Spp: 1.60
Candle continued to emerge below critical support level at Fibo Ext 50%/ middle BB or 1.69, not yet consider to loss its control at middle BB, but do take note there’s risk of losing its momentum towards 1.48 if cannot hold the support here.
My 1st trade into the Malaysian Market. As usual, all my charts look the same. Price has reached an All Time High. It is my favourite theme and only theme. It doesn't matter what market. Look at my other charts.
JF Technology Berhad, which was incorporated on 29 April 1999, with the primary aim of servicing the manufacturing industry and also to handle trading of electronic products and components. It started off with its maiden product which was the Single Pin Cantilever Test Probe, and further continued into becoming an independent OEM manufacturer.
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JFTECH
Rst: 5.00
Spp: 4.80
Got its weaker formation being rejected today, meaning you can re-enter. For me, the stronger confirmation is when it breaks pennant formation (refer to chart).
Now it is in correction due to profit taking pressure.
Watch out if the confirmation level 4.50 is broken for further uptrend, else we will see at 4.00 support to enter.
MYX:JFTECH might be very safe for mid term swinger.
The strong uptrend has began back in Nov 2019 before it was broken in Feb 2020 due to political situation (Sheraton Move), and MCO in March.
But right after the first day of MCO, it started climbing back until today!
However the uptrend was quite accelerated in the last few days starting 22 June when it first...
