to complete 262 level fibo...for the moment,div to go down still not be seen
As the trendline still an uptrend and didn't break the support I'll keep this and will see on APR 2022
Entry Strategy: 1) Entry at purple line 0.465 and ride until specified TP 2) Entry inside the zone 0.435-0.445 and ride until specified TP Chart: 1) Chart forming higher high 2) EMA ribbon compression (refer red circle) 3) Channeling uptrend 4) Near complete retraced until same level of significant bull candle News: Buyout cancel. Ecoworld on its own I am...
Supply is currently compressed, might see a fake break on the multiple support line, towards the left shoulder level. Trend is overall bullish judging by the amount and size of bull candles. fib 161.8 matched for extra confluence. *DYOR on fundamentals. MYX:ECOWLD
Price hover on stacked area of 20 and 50ma support, trying to break resistance at 0.51
Disclaimer: This is not a buy call but for learning purpose Technical Analysis Price around MA50 Volume OK Potential rebound at MA line & trendline RSI slightly around 50
we knew that March is the market bottom. anything near the market bottom, will be a low risk investment / trade. looking at the risk and reward ratio, risking 25% down and rewarding 95% is a good ratio. a good stock to invest early. not to trade. Market Cycle ( Dow's Theory apply , from accumulation to mark up phase )
Study case of possible IRU gameplay. Long sideway means that the counter is still sleeping. Awaiting someone to wake it up.
Its been quite sometime, will ECO WORLD wake up from its long sleep? MACD: line crossed signal line BB: is shrinking, waiting to explode. Stochastic RSI: in the area.
ECOWORLD is testing resistance at 0.435. MACD line seems want to cross the signal line. Can it crosses these lines?
Price retrace with high volume. Sideway zone on the left will likely be broken soon. Expect price rebound when touch the flag zone for first time back. TP is at highest or resistant line before.
ECO World seems ended the retracement. awaiting for the new momentum to go up again. Bismillah & Enter
ECOWLD opened with a gap up opening price of RM0.410 and continues steady and rapid rise to RM0.540. Currently, a slight retracement of price to RM0.535 and I would expect a further correction of price to lowest of RM0.475. For the this purpose of analysis I would set RM0.475 as the strong support line for our chart to follow PENNANT / FLAG pattern. If the...