This is not a buy call
Recover after pullback for MYX:SASBADI
Price breakout 9/6 23
Vol ratio spike 2days before.
EP : 0210/0205
CL : 0175/0170
TP : 0230/above
R:0230
S:0190
BD 🟢
Ema daily🟢
Ema Weekly 🟢
Short-term uptrend momentum still intact.
T3 done after price tried to break new high but failed.
Short term supports seen at price RM0.24
Looking for bullish signal.
Disclaimer: This is not a buy call but for learning purpose
Analysis
Price above EMA50
Volume OK
Potential rebound at EMA line
RSI slightly around 50
Online publication sentiment
Risk > 5%
The most of strongest Momentum wave - Golden Wave (impulse)
Criteria :
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
Price still ranging around Weekly EMA50.
Future Ichi cloud thin.
Director heavy collected shares during March 2021.
Therefore, SASBADI has the potential to go up.
Price just retraced and closed above ichi cloud with above-average volume.
Future ichi cloud is thin and green.
EMA50 and EMA200 is closing together.
If the price opens above 0.155 tommorrow, it's potential to go up.
