1. Bat pattern will be valid if the price passes and closes above point B. That the entry point (white line)
2. The price must always be above point C to determine this form still applies. Point C is last cutloss price (red line)
3. Near strong support is yellow line for my CL
3. My expectation the price will reach point D as TP1 to complete this Bat pattern at...
DNONCE just breakout 200MA,probably will retrace back to lower trendline as a support before move higher(as shown by red arrow).Weekly MACD also already crossed up above '0',shows some momentum.Not a great fundamental company but there are some improvement with QR report.It is also in strong sector currently
Dnonce Trend Analysis:
First the price trend went through a downturn creating a new low.
During this stage, MCDX is relatively low, below 25%.
It is a chips accumulation stage
Upon completion of accumulation, there was a first up where closing price breakout the neckline with volume, MCDX moved towards 50% level.
Completion of first wave...
TEKNIK ASAS ILMU TRENDLINE (TL)
1. Cara tarik Trendline UTL dan sharp entry guna teknik TL = LL LH LH
jika nak swing. Selagi UTL belum patah on je swing trader.
2. Cara tarik Trendline DTL = HH HL HL.
Ada juga trader BOB tunggu kat sini. Breakout je TL beli .
BOB = Buy on Breakout