There was a significant breach above downtrend line from Feb 2018, pulled back from the resistance in June 2020, however made a return move above the downtrend line, closed with a Bullish Engulfing candle yesterday. If it manages to close above 0.77, the doors will be open towards the 1.618 Fibo level at 0.955. On the flipside, if it drops below 0.57 it may fall...
MBSB fall to previous support resistance. It still on an uptrend, and near bottom of the uptrend tunnel. Momentum appeared divergence, decreasing selling pressure. With 4.55% DY. Is a good counter to hold on a mid-long term.
MBSB retraced to support line nearby FIBO Retracement (50.0%) and formed Bullish Harami today. Overall it's still on the uptrend line and the RRR is acceptable. Recovery counter required patience to gain for big profit.
In the analysis of Fibonacci landscape, the most important level to monitor actually is the 50% line and yet it is the most overlooked one. Just like any sport game, the middle of the playing field normally is the first line of defense and an indication that which side is controlling the game. If it is trading above the middle line we could technically view it as...
Finance theme, going to break the downtrend line within 2 week, and touch the orange uptrend within 2 month based on previous operator's behavior
MYX:MBSB looking good to test 0.69 and 0.765 Support at 0.525
Price:0.69 Support: 0.65 Resistance 1: 0.735 Resistance 2:0.765
May a black horse for finance counters (Disclaimer: for demonstrate planned trade records study only, not for recommend to buy or sell)
A symmetrical wedge pattern has emerged with a bullish breakout likely supported by bullish 4EMA while StochRSI is in oversold territory with a reversal signal. Fundamentally, there is positive sentiment on MBSB's recent acquisition of Asian Finance Bank Bhd as they are progressing towards transforming into a full-fledged islamic bank. It's worth noting that MBSB...
Laburlah Technical Coverage (16-APR, Monday): MBSB Technical Analysis Breakdown 1. Trend: Weak 2. RSI: Bullish 3. Parabolic SAR: Bullish 4. Resistance: MA200/ 1.18 5. Remarks: Lack of catalysts now Disclaimer: The abovementioned is purely for sharing purpose, you should seek advice from relevant personnel and do your own analysis before making your move.