VS opened at a price of RM0.935, higher than closing price of previous trading day. The movement shows a bit of pullback to RM0.925. The price steadily moving up to highest price of RM1.08 before a slight pullback to closing price of RM1.07.
I am expecting profit taking from traders in the coming days and the price will continue to go fall until at least RM1.00....
Break up last few days resistance and up momentum resume.
(Disclaimer: for demonstrate own planned trade records for study only, not for recommend to buy or sell. If you are interested on VT Trade system and can message me for the further details)
For traders who are stuck in this stock, you may just want to continue to read this. Since you had been holding on to this trade, I would say hold on to a few days longer.
That's what I'll do if I were you.
A break and close below 0.895 might encourage me to prepare to cut loss.
Another level I will be looking closely is 0.915 to spot if it breaks and closes...
VS - 13/05/2020
Previous gap has been fully filled up, but the price is moving sideways and consolidating. MACD and RSI are still bullish, we may see an upside potential if 0.945 resistance is broken.
Resistance: 0.945
Support: 0.840
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VS
Trend: Bullish
Rst: 1.48
Spp: 1.40
Harami candle rose from immediate support level at middle BB, strength is losing in RSI & MACD. But as long the stock is staying above middle BB, it's considered safe to go.
Thank you for your continued support :)
Strategy: Bullish Pattern Formation
Bias: Bullish Ascending triangle is formed, in addtion, VS is potentially making a further Bollinger Band breakout (BB Breakout) with volume. The share price challenged RM1.40 resistance zone many times since 23 Oct 2019. The previous time it challenged the resistance was on 12 Dec 2019....
VS - HOLD
Trend: Bullish
Rst: 1.48/ 1.53
Spp: 1.43
Closed right at forecasted resistance level, as BB just started to widen & indicators continue to unleash its energy, expecting more upside.
Signal in the chart:
1. Failed Spring at Support
2. Pulling back lower to test next support
3. Low volume on downbar
Hit the "LIKE" button to support us :)
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
1. VOLUME KEEP ON INCREASE SINCE EARLY 2019
2. MINOR TREND IS BULLISH
3. MA BELOW PRICE, STRONG UPTREND
4. IF BREAKOUT, MORE MONEY PUMP IN, MORE INCREARE OF VOLUME
4. ALERT OF MACD CROSS
Strength in the chart:
1. Mark-up stage with pullback
2. Low volume downbar
3. Testing at support now
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
MYX:6963
An up-sloping accumulation structure suggests strength.
Potential in phase D SOS rally.
Supply absorption is near completion.
Likely to see ease of movement to rally up further in phase E.
First target at 1.60 with a tight stop around 1.20.
Strength in the chart:
1. Re-accumulation stage
2. NS with Test signal after Pentagon
3. Low volume
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
