Long, recommended stop loss 6.12, and the price expected to reach 8.94.
Technical analysis for MISC Stock based on Trend Analysis, Chart Pattern and VPA
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All country is starving for LNG and crude oil, while as the MISC is the one largest shipping company sure benefit from this trend, if price break 7.0 surely it gonna fly, and seems the RSS volume is increasing since 22/2/2021 that made price break support price 6.70, let see whether the company will buy back their share to withstand the price to break from its support
MISC - Break RM6.51 (Down Trend & try entry at potential reverse point) Note: For Interested to subscribe the VT MCDX Smart Money Plus and learn Victor Trade System, and pls contact owner (Disclaimer: for demonstrate own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk)
MYX:MISC SWING: 2 DAYS TO 2 WEEKS Breakout Downtrend Line 52 Weeks High Line Fibbonaci Retracement Candlestick Support & Resistant Zone Trendline Support & Resistant
Expect reversal next week to test rm8.000 Call option-c29 very attractive right now Buy call
Volume of buying and big funds are collecting at this point showing rebound anytime soon. Good entry point.
MISC - The stock has staged for bullish pennant breakout with widening Bollinger Band. RSI & Stochastic going northward and MACD just done bullish crossover. Further upside can be expected. Support level at 7.98, while resistance level based on Fibonacci Extension, shall extend to between 8.34 to 8.56