-Today there are 432 new cases of covid19 in our country. This is the record breaking figure compared to previous high of 315 on 16th March 2020.
-Are we battling covid19 part 2 which is stronger in nature? Or is it just we as human who always take for granted and neglect the SOP and getting loose on everything.
-nearest resistance at 3.80 and if broken we will be...
From many angle, it just look real good.
Management - the profit is good, company opening new plant, better treatment to staff, booking is ahead of production
Investors - look at the OBV, it keeps increasing. Price might fluctuate but OBV indicate how the investors still keeping their trust.
Global pandemic - don't look far, in Malaysia yesterday already...
-It has been 7 consecutive days of lower lows for MMAG.
-Next support at 665.
-OBV at 200mil, the lowest since Sep 2019, indicating high selling pressure
-it all started with some market correction, profit taking and announcement by politician to form new government
-on positive notes, current PM already secure support from Sabah poll - so impact of politic...
Not at support level 0.695. If not broken tomorrow, then it is probably best time to fly, again. It's HDD world, nobody lives without HDD nowadays.
All MAs the 20,50 & 200 pointing upward. Strong trend.
Today or tomorrow might be the last candle for latest pullback, watchout for further movement. Next TP 0.76.
An attempt for 2W forecast, assuming nothing funny happen in between.
The best price we have witnessed so far is 5.83, and our recent close is 2.51.
Considering weekly ATR at 0.70, should we expect 3.20 for next Friday, and then 3.90 for the next. Thats for the whole 2 weeks.
5.83 or better again? Might not be so soon.
Anyway we are still battling Covid19 and the...
Another add to MYX:SCOMNET with nice trendline is MYX:RGTBHD .
The trendline is good.
Slow Stochastic is crossing up the fast.
EMA20 on top of EMA50, on top of EMA200 - trending nicely.
It is quite safe to enter at market open or to confirm at 0.49.
MYX:SCOMNET price has been growing about 500% since March 2020.
It is a technology based company, providing supplies in medical products.
The trend line is very consistent as a result of increase of demand in medical supplies.
Huge volume 1.6Bil and 1.4Bil on Thursday and Friday indicate that XOX is heavily invested with strong momentum.
It might open 0.26 on Tuesday, then look for up swing confirmation at 0.285.
It might also gap down, if that is the case then one would wait at 0.20 for a potential rebound.
After big gap up on Thursday, we might expecting pullback on Friday.
Sellers push price back into BB bands.
It might sideway at .24 support if .30 is broken.
Afterall it's Friday tomorrow and we are getting into long break for Merdeka celebration.
Profit taking time.
A box or B? Picking B.
After strong rally BINTAI is getting into a pullback with lower lows.
Looking for support at .56 or .41.
Slow STOCH crossing down the fast in overbought zone, even though this indicator is lagged in nature, is signalling price coming down.
However it's a vaccine fever so one may expect quick rebound at those support lines.
Unless something bad happen, vaccine...
Monday it reached 15.90. It was getting closer to lower BB but then buyers push the price back to 17 and finally closed at 16.70.
The stoch at oversold level and deviation of fast slow line getting smaller.
Might indicate potential rebound, but confirmation will come from Tuesday's candle.