Change phaseMRDIY is moving to change phase to uptrend with enough momentum it can change phase.The trading plan is BO:1.75,SL:1.61,TP:1.9
MRDIY trade ideas
MR.DIY Chart Check: Bullish Wave Structure with Cloud SupportMR.DIY is riding a bullish wave, supported by both Elliott Wave structure and Ichimoku signals. Price action suggests a developing Wave iii, with strong momentum above the cloud—confirming trend strength. The Tenkan-sen and Kijun-sen crossover adds bullish conviction, while the Chikou Span remains above price, reinforcing upward bias. As long as price holds above the cloud base, the bullish count remains valid. Invalidation sits below MYR 1.51. Eyes on a potential breakout if Wave iii extends.
MRDIY - Low RISK ?MRDIY - CURRENT PRICE : RM1.62
MRDIY is BULLISH because :
1. Price is above EMA 50
2. Price is above ICHIMOKU CLOUD
3. RSI is above 50
4. The high is getting higher and the low also getting higher
ENTRY PRICE : RM1.60 - RM1.62
TARGET PRICE : RM1.72 , RM1.80 , RM1.90
SUPPORT : RM1.51 (The low of bullish HAMMER candle)
MRDIY, potential Buy based on AlgoSignal StrategyThe current price exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
MRDIY - Next TP to goComment :
1) FundFlow+ indicator - Fundflow candle still going through below zero/negative flow area
2) Tricol+ indicator - Weak, banker bar has very little while retailers bar (turquoise) has more than 50%
3) IF MRDIY able to broke through above neckline f, in that case target 1.500 is no longer relevant
Support & Resistance :
S : MYR1.500
R : Neckline f & line e
Remark :
- Length of AB=CD
DISCLAIMER :
Analysis above SOLELY for case study purpose, not a PROFESSIONAL ADVISE. This analysis does not provide any trading advise and buy or sell. Trade at your own risk. Trade only after you have acknowledged and accepted the risks involved.
MRDIY IN INVERTED HAS FORMATIONConsider to study, analyze and monitor MRDIY in its current daily chart where it appears to have formed an inverted head and shoulders pattern.
MR DIY 5296 BURSA MALAYSIA STOCK #MRDIY #5296MRDIY closed above the down-trendline again (2nd attempt) on 11/2/2022 (1st attempt not successful on 10-Jan-2022)
Look forward the price continue to go uptrend as long it doesn't fell below @3.63
Target Price (TP1) : 5.23
Disclaimer:
This published Idea is solely for the purpose of opinion sharing only, and should not be used as investment advice or recommendation to buy or sell any equity.
Get your trade advise from a legit broker, your trade is solely your own responsibility.
Thank you.
#mrdiy #5296 #bursa #bursasaham #palmoilfutures #commodities #tradingfutures #ftseklci #bursastock #bursamalaysia
#technicalanalysis #technicalindicator #technicalchart #mcdx #bbd #trendline #chartpattern #uptrend
Will it repeat the left side of the chart? We shall see..Just a newbie here. What I can see is the chart today is similar to the one on the left side. I will wait for 2 more candlesticks for confirmation before entry.
MRDIY VCP SetupMRDIY looking good on the VCP setup with healthy price/volume interaction.
C1: -23%
C2: -8%
C3: -3%
Attack soon? Let's monitor.
Disclaimer:
Not buy call recommendation, just sharing on technical chart and pattern for education purpose. Trade at your own risk.
MR DIY inverted head and shoulder patternJust like the H&S Top , in the inverted version there are 3 distinct bottom with the head a bit lower than both of the two shoulders. The wave 3 has started. volume BIC.
Expectation Record MRDIY for 09 - 13 August 2021Resistance 1 : 4.00
Support 1 : 3.60
Support 2 : 3.27
MRDIY must stand above 3.60 in order to continue the uptrend. If not, MRDIY will look back Support_2 : 3.27.
Mr. DIY possible a contracting triangle? 15/July/21MR. DIY maybe is forming a bullish contracting triangle as price still ranging within a supply and demand zone
Expectation Record MRDIY for 28 Jun 2021 - 2 Jul 2021Resistance 1 : 4.00
Support 1 : 3.60
Support 2 : 3.27
MRDIY must stand above 3.60 in order to break first Resistance_1 : 4.00.
Expectation Record MRDIY for 21 - 25 Jun 2021Resistance 2 : 4.38
Resistance 1 : 4.00
Support 1 : 3.60
MRDIY: Possible Wyckoff Distribution Phase OngoingImpending Entry to KLCI provides retail demand for institutional selling
MR. DIY possible bullish triangle pattern. 30/5/21Chart Patterns = The connecting of Past "Nature" Events/Dots → "Projected" Into Future Events /Dots. as it happens in "nature".. The future is cause by the past ← "Karma"...
Expectation Record MRDIY for 19 - 24 April 2021Resistance 1 : 4.38
Support 1 : 4.00
Support 2 : 3.60
MRDIY must stand above 4.00, if not, will look Support 2 : 3.60
MR. DIY hardware retail Chain Store. Waves Updated 12 April 21Mr. DIY price uptrend seem losing its momentum with squeezing price by forming ending diagonal pattern
MRDIY - Careful of Weakening MomentumMRDIY
Rst: 3.01
Spp: MA50
Evening doji formation, the violation of Fibo Ext 161.8% plus continued weakness among indicators, will charge the stock lower, we shall see retracement to continue towards MA50
