-Bullish Engulfing -Igniting Volume -At all time low -Forming divergence
Life is simple...Trade with Simplicity! *Trend direction: BOTTOM - Formed bottom pattern (Double bottom was observed) *Bottom signal (Yellow-Diamond "BT" on 06-Jul) was sighted on our chart. *Turning points (White-candle) have appeared on 07-Jul, an indication of the price revert to upward direction. *White-Diamond appeared on 16-Jul, an indication of strong...
RSI, STOCH, MACD = OVERBOUGHT (OB) EP - 0.240 TP1 - 0.555 SL - 0.090 RISK REWARD RATIO - 2:1 TRADING IDEAS FOR MYR STOCK PERMAJU. HAVE A NICE TRADING DAY.
As we can see in chart, the current trend is down and not showing the price will stop will hit at resistant 3. Previous pattern, head shoulder form marking that the price is decline to go long. The fibo also showing the price already touch 1.618 fabo. My idea is, the price will stop at resistant 3, 0.360 and will create hook pattern and that is the best time to...
IF THE CANDLE REALLY TOUCING MA20 IT CAN DO A REVERSEL AND MOVING UPTREND!