Buy signals have been spotted for Malaysia stocks MYX:SAMCHEM , MYX:SAMAIDEN and MYX:RL (Reservoir Link Energy). Will the bonus issues of shares and warrants act as a catalyst?
In this video, you will find out how to participate these strong momentum stocks before the explosive move happens.
The most of strongest Momentum wave - Golden Wave (impulse)
* Minor wave 3 in 3rd impulse major Elliot Wave
* Strong Bullish Momentum volume unusual
* Steepness of a trend line increases from 45% to 70% deg
* Strong Break in bar retracement symmetry leading to a change in trend behavior
* Bullish gap up price action
Doji appeared when forming pennant.
Monitor to see whether it can break out on 18 March.
R2: 0.79 (all time high)
Target: 0.84 based on “if” flag-pennant formation broke out
S1: Lower pennant line
Trading Idea RL (13/01/2020)
Stop Loss: < 0.385 (based on closing)
Investment Period < 1 month
Disclaimer: The above trading idea is intended for informational purposes only so please do your own analysis before making any investment decision.
RL has broken through resistance level at 0.4 and a valid downtrend line, signify bullishness. The price is correcting at current resistance zone and might be rising further to 0.6. A strong bullish movement could push the price higher to 0.72.
FA is good, however declining.
Disclaimer: The content on this analysis is subject to change at any time without...