While the market was having sharp reaction and lots of technology stocks were beaten down badly, these 4 stocks outperform the market and show leadership.
Let's analyze the price structure together with volume spread analysis (Wyckoff concept) on these 4 stocks MYX:AEON , MYX:ANNJOO , MYX:HIBISCS and MYX:MYEG with potential low risk entries at the key levels.
Daily chart
Breakout short term symmetrical triangle on 4th Feb
Tech sector bullish ahead of KLCI re-bounce
Testing resistance of the cup 2.19 on 9 Feb, failed and retrace to form cup handle
Re-bounce and breakout cup resistance 2.19 ahead of Malaysia digital economic blueprint announcement on Friday
Cup and handle formation with TP 2.7. Refer to latest Investment...
Chart pattern is forming a flag pennant(VCP), entering a squeeze.
Put in your watchlist, and monitor closely.
Expecting it will breaking up new high, around RM2.40
Risk reward ratio = 5
CL = -5%
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Disclaimer
This information only serves as study references, does not constitute a buy or sell call.
MYEG developing a short based (around 1 month) with very healthy volume and price interaction.
C1: ~18%
C2: ~5%
C3: ~5%
Attacking soon? Let's see.
MYEG is fundamentally strong as well. During the MCO period, their business not impacted at all since their business is online service provider.
Disclaimer:
The content provided is my personal experience sharing...
MYEG
Rst: 1.89
Spp: MA50
Falling wedge breakout, sign of improvement and coming days, the stock may retest support at MA50 to build another leg for true rebound. Key hurdle to break now is Fibo Ext first tier at 1.89
2021 STOCK PICK FROM EXPERTS
PURPLE LINE = STRONGER SUPPORT
RED LINE = MINOR SUPPORT
Disclaimer:
Please be informed that above analysis are solely for education purpose; it is neither a trading advice nor an invitation to trade. For trading advice, please speak to your remisier or dealer representative.
You are responsible for your own risk management Do Your...
study purpose, if you have any opinion please comment
MYEG has created bullish pennant, this show that if MYEG success to break resistant zone it will highly go up.
MYEG
Rst: 2.23
Spp: 1.89
Upside charge from long consolidated bullish RB breakout continued, new support affirmed at 1.89, will see further upside to 2.23
