Good counter for swing trade as it is on a perfect uptrend overall. Strong banker in position at 89%. Immediate support at 2.485. Expecting further movement upwards from this counter tomorrow for short term traders. Disclaimer: Trade at your own risk.
MYX:ANNJOO SYMMETRICAL TRIANGLE UPTREND FAST TURTLE BUY FiFT TURN +VE ATOM BUY MCDX+ BANKER 75%
MYX:ANNJOO UPTREND WAIT FOR SLOW TURTLE BREAKOUT TRADE MCDX+ TURN STRONG FIFT +VE RECHARGE/ ATOM BUY
Despite steel catalyst has booming in the market recently, we opine Ann Joo potential of accumulation has achieved it TP target. It needs further solid catalyst and earning visibility.
Accumulation schematic. Accumulation completed. What next? Mark Up Phase?
1. Waiting to buy at support and target at resistance 2. Prepare if breakout on resistance happen
Monitor to buy upon breakout above 0.75 with take profit target at 0.785, 0.85. Cutloss if fall below 0.725, last defense 0.68.
+Anjoo is forming Higher Low +Breakout and Buy signal appears after 2 weeks of consolidation +Nice Risk Reward Ratio (SL below 0.66 , TP 0.95) +Volume exceeded average high, FiFT +ve is improve. +Stochastic Heading up.
Thank you for your continued support :) Strategy: Trend Line Strategy Bias: Bullish, Annjoo tried to breakout the short term downtrend but failed on 20 Jan. After two day recharge, Annjoo is well supported above the uptrend line. If the share price continued to be moving along above support line, SWC believes Annjoo will have positive movement in the...
Life is simple...Trade with Simplicity! *The trend direction: Uptrend. (Must not break the S2 to maintain the trend) *The Bottom signal (White bar) sighted on 06-Dec. *Price tested the lifeline (Redline) & close above. *The Bell alert appeared on 13-Dec, a signal continuation of momentum. Prediction: Correction #1 back to S1 & Worst to S2. Eyeing rally to start...