Look like nice chart been made but the scary part, The Dump happened in 2021. Yet the same pattern been seeing again. My hunch / analysis can go wrong but I will take cautious to avoid this counter. Good to ride the wave but if stuck at top, need to cut huge loss.
This is not buy / sell call. DYOR. Happy trading guys.
Current price at strong support level (weekly)..divergence also spotted against the RSI at weekly time-frame..get prepare to exit when the price break down 0.20..Good Luck :)
After having a breakout (BO) due to significant price movement with volume above MA20. Is SRIDGE can maintain its price momentum and Rally Up to the next price resistance? MACD and OBV charts confirmed, SRIDGE is in a positive uptrend. High probability when MA20 line crosses up MA50 line and the price candlestick above MA50. Then it will be a long position...
SRIDGE was enormously dipped to support level at 0.32, coincides with 200w SMA, after failed to break Fibonacci resistance at 1.05. HH and HL structure indicates that prevailing uptrend is still intact. Hence, support level at 0.32 could be a turning point for further movement to the upside. On daily view, formation of Marubozu candlestick with strong buying...
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DISCLAIMER
Please consider your own interpretation of Opportunity & Risk. The author of this post strictly follows the Malaysian Security Commission ( SC ) Guidelines on the prohibition of Investment Advice by unlicensed parties. Any examples shall use historical charts without any recommendations and not to cause inducement to...
Trading Idea SRIDGE (12/01/2020)
Entry: 0.57/0.58
Target: 0.625
Stop Loss: < 0.56 (based on closing)
Investment Period < 1 month
Disclaimer: The above trading idea is intended only for the use of informational purposes. Since the price movement is highly subjected to the stock market sentiment, please do your own analysis before making any investment decision.
MYX:SRIDGE
SWING: 2 DAYS TO 2 WEEKS
Breakout Downtrend Line
52 Weeks High Line
Fibbonaci Retracement
Candlestick Support & Resistant Zone
Trendline Support & Resistant
![SRIDGE: SRIDGE [19 October 2020] Buy On Resistant Zone Break Out D1](https://s3.tradingview.com/v/VULZj3jH_mid.png "SRIDGE [19 October 2020] Buy On Resistant Zone Break Out D1")
![SRIDGE: SRIDGE [19 October 2020] Buy On Resistant Zone Break Out](https://s3.tradingview.com/q/qxQ4alnM_mid.png "SRIDGE [19 October 2020] Buy On Resistant Zone Break Out")
