Technically based on position of current price, 20MA, 50MA & 200MA, it looks good for further retest of next resistance at 0.37. Furthermore slow stock just crossing up on Friday indicating daily trend reversal.
8th Jul, MYX:LOTUS was lifted from PN17, price soared up and beat highest high since 2011. Pullback next day possibly due to profit taking and doji pattern the next day indicate indecisiveness. OBV still looking good last 2 days pullback was minor. It looks good for a rebound.
It's a strong support at 0.34. But there is possibility that it will not reverse to this point looking at last day pattern where buyers managed to push price from this point to 0.35. If not reverse than confirmation at 0.36, going to next station possibly 0.39.
Not many counters in radar today. The best pick is KUB. I would watch buy on dip at 0.460 or 0.415.
New entries might want to wait it break support at 0.31. If it break support next best entry at 0.29. Bigger direction is up trending so it will not trouble mid term trading too much. Why should not worry? - look at how directors keep buying - last time the price at current high was in 2014, it breaking new highs Why expecting pullback tomorrow? %K the fast...
MYX:AIRASIA closed at 0.705 today. The cheapest price since Covid19 is at 0.50, so let us see if it will break below 0.70. If broken then next possible value is 0.60. It's still not in Bursa's PN17 list and inverted hammer pattern was seen today. So 0.70 might be a strong support, but let see what will happen tomorrow.
MYX:JFTECH might be very safe for mid term swinger. The strong uptrend has began back in Nov 2019 before it was broken in Feb 2020 due to political situation (Sheraton Move), and MCO in March. But right after the first day of MCO, it started climbing back until today! However the uptrend was quite accelerated in the last few days starting 22 June when it first...
I hope it is. Next Monday mighty be the day for; 1. Slow stoch to cross up the fast 2. MACD histogram to change color towards divergence of line & signal 3. Breakout of cup handle How about the extension of short-selling until of end of the year? Sounds like an extra "ummmmmpppphhh!" to the market.
Covid19 hit transport sector just like any other sector, for GDEX the lowest price is 0.115 on 1th Mar 2020. Support level before Covid19 at 0.26, and now after Covid19 its last price is 0.355. It reached 52W high 0.445 on 27th May. Based on STOCH we can see trend changing. Afterall GDEX is a good place to put our money in, who on earth don't buy online? It...
The much awaited return of rubber & glove sectors now happening, triggered by; 1. Second wave Covid19 in US & China 2. Feels good on short selling banning until year end 4. Sentiment on banking moratorium also until year end MYX:SUPERMX looks good to test 8.05 or 8.20. Happy trading.
MYX:NIHSIN Producer of protective mask, PPE & hand sanitizer. MYX:KOMARK Packaging machinery and self-adhesive label maker, plan a PP for venturing into face mask business. MYX:AEMULUS ATE supplier and semiconductor business.
Tomorrow or next few days might be the best moment for new buyers to join the ride. Today we can see the formation of bearish engulfing on MYX:APPASIA daily chart. It's normally indicate a price retreat after a long uptrend. Stochastic indi also indicating the convergence of fast and slow stoch, and lets see if both crossing down, then we can expect price...
Based on daily chart, MYX:COMFORT looks set for up trending. 1. It test 2.56 on 15th June and stick around for few days and did not get through, the closest one 2.58 on 18th. It is a strong support and now the price bounce up. 2. Using stoch it is confirmed on the 18th as the first day of slow stoch crossing up the fast one indicating a trend reversal. 3....
MYX:APPASIA jthe ICT company ust break all time high yesterday at 0.455 making new all-ttime high at 0.460. Let us see this morning if it's going to gap up and push for another new high. 0.49 anyone? Some notes:- 1. Breaking all-time high 2. Official launch of e-confirm on 26th June (audit software for banks).
MYX:OCNCASH is a supplier of non-woven fabric, material needed in face mask production. Read here . Few days ago, US Fed declare second wave infection in the country. 19 June, WHO alert on the acceleration of Covid19 cases. Read here . Will people go out without face mask in this time? I will not do that. So what STOCH indicator is showing on OCNCASH daily...
MYX:APPASIA has been doing new 52W high. The first one is on 9th June 2020 and i got it covered here . Last week it gain more than 42%, so expect a pullback this week. When will be the ideal time to enter? Based on weekly chart, WTT give an entry signal so those who are thinking to hold for more than few weeks can enter on the first tick on Monday. Looking at...
I wrote an idea on MYX:SLVEST right after it created new alltime high at 1.49 on 10th June. It did not stop there and continuously creating new high latest on 16th at 1.63. Based on 3W ATR, the range is 0.17 and it's possible reaching new high 1.64 by next week.
MYX:MYEG just broke 1.53 20W high, will it continue to break another resistance at 1.59 or 1.60? What's the thing that move price? One of it is S5 acquisition and this thing is expected to strengthen MYEG as gov service provider in immigration solution.