MRDIY
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
Can find suitable ep. Kita cuba tengok DIY respect the trendline tak.
It retrace with vol.
TAYOR, personal target saya 3.25/3.5
kalau TP berangan saya is RM4 in mid term, kita cuba la tengok ye
CL boleh tgk di sapot 2.83/2.73 kot or if break trendline
We noticed MRDIY has recently failed to close above 3.20, subsequently closed below an uptrend line this week coincides a negative divergence seen on MACD. We also noticed a formation of Parabolic Curve which reduce our optimism on the bullishness. We would suggest to lighten holding or take profit for earlier long positions; or cut losses on current price level,...
Since its IPO, the stock has been increasing steadily and moving within an uptrend channel.
The price just penetrated above a upper flat trendline of ascending triangle and the trend is expected to continue to rise with some healthy pullbacks.
EP: 3.2
Next R/ TP:
• 3.315 of upper uptrend channel (coincides with 100% FE & ascending triangle target)
• 3.67 (168%...
Berdasarkan chart kenaikan MR DIY membentuk corak Flag pattern yang cantik .
Setiap kali membuat new high akan membuat diikuti dengan retracement yang sihat berserta volume yang sihat .
Ini sekadar perkongsian .
MRDIY has a good uptrend since its IPO listing day. But normally best time to get best entry is to wait for it to retrace/pullback first before continue its healthy uptrend move
As posted on Nov 20, MRDIY is edging higher to our target level at 2.8. We will take a close look at this level for continuation or reversal.
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Momentum building up seen on MACD histogram coincide MACD buy signal above zero level. Our view is still Bullish as the stock is trading above the uptrend line, breaking a Pennant with a strong Bullish candle as continuation buy signal. The stock could be reaching Fibonacci resistance at 2.79 before making the next correction/reversal.
Disclaimer: The content on...
