Looking to breakout from Handle!!! * same chart as Mclean. Both are having the same behaviour.
Will retraces till Fib Retracement golden Ratio 38.20% and reversal uptrend FIBONACCI GOLDEN RATIO % STRATEGY Fibonacci Retracement 38.20% - Minimum Corrective Wave 61.80% - Maximum Corrective Wave Fibonacci Extension 100.00% - Minimum Impulse Wave 161.80 % - Maximum Impulse Wave
Consolidate after surging of >100 % Price is support strongly and expect to move up more after the rest. TP 1.00
Notes -- With respect, YBS hasn't change a lot this week. Yet it manage to increase YTD up to 80% comparing with Yearly Performance 140%. Seem like a progressive increase towards this stock. -- By using Trendband, its show that the price movement already hits a new 52 weeks High, the green plot background also above the directional line (purple) and also above...
YBS has just had a downtrend line breakout and is currently at support 0.205. If it manages to break this level it might retest 0.250. Above 0.250, things might get even more interesting. Breach from this support might see YBS testing the down trend line again with support at 0.195.
Deep buying may be good and low risk, but it the matter of time for investors and traders to alert that this stock is ready to fly(just kidding) but may be. Good buy area, low risk, i like the volume,. Ready to go for next week.
MYX:YBS SWING: 2 DAYS TO 2 WEEKS Breakout Downtrend Line 52 Weeks High Line Fibbonaci Retracement Candlestick Support & Resistant Zone Trendline Support & Resistant
Pemerhatian dan decision boleh dibuat apabila YBS dah moving ke arah line biru fico dibawah. Untuk EP boleh consider untuk masuk kat line fibo biru dan worst case kalau jatuh,boleh CL kat fibo merah sebelum buat decision untuk re-enter semula based on the next candle reaction. EP boleh consider untuk tunggu kat line hijau atas ataupun before sampai ke line...