MYX:HWGB SWING: 2 DAYS TO 2 WEEKS Breakout Downtrend Line 52 Weeks High Line Fibbonaci Retracement Candlestick Support & Resistant Zone Trendline Support & Resistant
TREND change today. HWGB, target SR level after a good recovery today (19/10/2020). ONLY if could maintain above 875 as playing above the MA20 level(dynamic)
currently we can see hidden bullish divergence happen (price rising after breakout downtrend line). if the price can close above ema50, the will remain higher and follow bullish trend.
HWGB WILL REBOUND IF PRICE MAINTAIN ABOVE RM0.615. I PREDICT HWGB WILL DO RETRENCHMENT FIRST ON MONDAY (14.9.2020) AND TUESDAY WILL START REBOUND IF PRICE MAINTAIN ABOVE RM0.615.
#HWGB Rst: 0.915/ 1.02/ 1.30 Spp: 0.835 Highly bullish, RSI above 80% means pure bullish, and this is supported by very wide BB, candle sustain above upper BB will continue to generate upside, shall continue to project towards 1.02.
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My Target area is 0.2 to buy back this counter
HWGB trade idea. Retracement now in place. Target buy in green zone
Breakout. Not the best time to enter. Probably need to wait a little bit for retracement as the gap between EMA line is quite big. Need to be more careful.
HWGB is currently trading above 50 EMA . Based on speedline and trendline, i saw a strong sign to the upside. Plus 40 days Momentum bias as leading indicator also showing sign of strong trend going to the upside. With volume , potentially to break ascending triangle line @ 0.340, and move higher to challenge next resistant line @ 0.405 as TP1 and next TP2 on 0.480.