While waiting Serbark “resuming” its trading activity.. It seem like previous (stalled ) pricestructure having a potential to form a triangle in wave 4 (yellow)..
Further to my mid September post on MYX:IPMUDA , prices are moving nicely upwards after breaking the RM1.51 trigger. Targeting near the RM2.00 psychological resistance next but it is always good to use a trailing stop while letting profits run. Some may also prefer to take some profits off the table while letting the balance of the position run with a trailing...
There are many traders betting SERBADK "bottom" .. BUT its price "structure" "shown" it may still have 1 more leg down toward around RM0.185 ..P/S - Trade What We 'See" not what we expected" Let Mr. Market "Told Us" what to do, Not We "tell" "Mr. Market" what to do as "Like Dealing in Business"....
SERBADK possible may temporally found bottom. As current price retracement amount is higher than previous wave 4 (yellow).Possible find another buyers at around 0.390
buy in range 40 to 44 disclaimer: trading is risky.
SERBADK seem like 1 more led down toward around RM 0.235 to complete wave C (Red Circled)
Hello Traders Serba Dinamik now has reach the point of decision. IF RM 0.35 cannot hold the candle, it will go down until RM 0.09.
Alot of people attempt to bottom fish this stock that is mired with controversy with its auditor, KPMG who refuse to certify the audits. The stocks lost BILLIONs of market cap in just a short timeframe. For me, this stock is something i would not touch. MYX:SERBADK SerbadiK proceeded to : a) Sue KPMG for the negligence of flagging auditing issues to SC b)...
SERBA DINAMIK... Fundamental- Maybe Only The directors could read "everything" about the accounts balance sheet.. Traders can ONLY read through charts..
Personally, what I learnt is there must be a Technical Analysis Strategic Plan in order to increase the risk-to-ratios favourable risks. 1. Draw Support & Resistance 2. Identify the stages (Accumulation, Advancing, Distribution, Declining) 3. Entry Triggers 4. Stop Loss 5. Exits I have learnt during my past mistakes that we should let the stock price comes to...
To avoid get burnt outsider better stay away from the "triangle relationship"
WENT DOWN BELOW STRONGEST SUPPORT 1.685. AS ALWAYS, THIS STOCK ALREADY PENETRATED 3 SUPPORT LINES. NOW MYBE GOING TO 1.620. LETS MONITOR, WILL IT REBOUND AT 1.620. THIS STOCK IS TOO HEAVY AND DIFFICULT TO GO UP, OWNER KEEP ON SELLING MILLION OF SHARES WHEN PRICE GO UP.
1. Monitoring for entry around 1.400 2. Hold for mid-long term is recommended