MGRC looks already hit high resistance and waiting for pullback at area 4 before going to hit next HH resistance at 5.
The analysis is just for study purposed based on Elliot wave and Fibonacci retracement analysis.
Flat Top Triangle is seen clearly, candles are following the lines so well, too good to be so well but worth to keep in view.
Be alert with the maybe the patterns of candles will be alike Yellow flagged.
It is out from the Flat Top Triangle when candles are out from the area.
This is what happens when the stock is UPTREND, the price CROSSED UP the red line (Trailing Resistance).
MARKET SENTIMENT is also one of the thing that you should be alert about.
If CS close above 1.31, expected to TP at 1.59 - 1.60.
The technical analysis is just an idea for educational purpose only.
Disclaimer: Trade/Buy at your own risk.
Sectors: Healthcare, Health Care Equipment & Services, Budget 2021, Joe Biden
EP 1.045
SL 0.965
TP 1.26
RRR - 1 : 2.6
setup EW wave 5 + breakout trend line
semoga berjaya
After break its trendline for a few days, hari ini kelihatan seperti ia memulakan pullback dan harga ditutup atas EMA 9 dan EMA21.
Adakah ini permulaan untuk ia kembali ke atas uptrend line?
Malaysian Genomics Resource Centre Bhd. is an investment holding company, which engages in the provision of laboratory services. It focuses on the genome sequencing and analysis, genetic screening services, and pathology services. The company was founded by Robert George Hercus and Munirah binti Haji Abdul Hamid on May 18, 2004 and is headquartered in Kuala Lumpur, Malaysia.
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