The 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.
Comment :
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 &...
MRDIY 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...
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 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.
Just 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.
Resistance 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.
Chart 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"...
