Fiamma have 2 times rebound successfully from fibo 0.382. Now is the 3rd time rebounding.. if it can successfully rebound, can consider swing until fibo 1.272..
Observed FIAMMA doing a VCP setup with below contraction: C1: ~ -26% C2: ~ -5% C3: ~ -4% (tight area) C3 contraction recently is tight area - considered as low risk entry zone. 5, 9, 12 Aug volume looks decent. Let's see if it will continue rally before QR or not. Need to take note on QR this month. Strategy will be FIFO before QR. Disclaimer: Not a buy call...
FIAMMA is spotted to have reversed its volatility to positive at Elliott Waves' ABC corrective zone.
Disclaimer: This is not a buy call but for learning purpose Technical Analysis Price around MA50 Volume is quite low Potential rebound at MA line RSI around 50
Volume is recently accumulating. Price should either go up or rest on 20MA first, then it will start climbing.
MYX:FIAMMA SWING: 2 DAYS TO 2 WEEKS Breakout Downtrend Line 52 Weeks High Line Fibbonaci Retracement Candlestick Support & Resistant Zone Trendline Support & Resistant
Eventhough this stock is Overvalue. But considering with current economy situation in Malaysia, they still can give 1.75 cent dividend. I'm in. Fiamma's management has done a good job so far and they look capable of steering the company through these volatile times. This year, where JV property project by this company to develop residential properties in Batu...