EASY123 Prediction @MYX SSTEEL

Life is simple...Trade with Simplicity!
BUY Signal = (BT-Yellow-Diamond), (White-Candle), (Green-Upward-Triangle), (White-Star)
SELL Signal = (Red-Dot), Red-Downward-Triangle)

*The trend direction: Extended (Green background) Uptrend. (Must not break the S2 to maintain the trend)
*The Bottom signal (BT) was sighted on 24-Dec.
*Price tested the lifeline (Redline) & close above it on 10-Dec.
*The Momentum signal (White-Star) sighted on 24-Dec, this shows the strong buying momentum.
*The Bell Alert was triggered on 10-Dec, an indication of a coming signal.

Prediction: The immediate hot-chase (Red-Dot, above the candle) has resulted in the pullback/correction to/nearby the lifeline (Red-line) area. It needs to break the immediate Resistance to rally to the next TP.

Preference Strategy: Swing trading (Follow the BUY/SELL Signal respectively.)

Target Price: Immediate RM0.83-88 & 0.93-96
Cut Loss: If broke below S2 Support RM0.69
*Reminder TP & CL is an individual preference & decision. No fix rule or guideline for it...Trade at your own risk.

Comment:

SSTEEL has hit the immediate TP RM0.88 and the profit-taking action resulted in the pullback/correction. *Do not try to catch the dropping knife. Wait till the reversal sign to tell us to resume.

Good luck & Happy Trading!

Trade closed: target reached:

SSTEEL: BOTTOM SUPPORTED & REBOUND
After 2 days surpassed our 1st TP RM0.825, it pullback with ABC correction & breaks our critical support (Lifeline) turns it into a downtrend.
Now it is supported at our S2 double-bottom & a short rebound. Until it breaks RM0.88 to confirm the trend reversal.
Hence, we are standing aside from this counter at this juncture.
Good luck & Happy trading!