N2N just entered into Stage 2 (Up trend Stage) and observed to develop a short based VCP.
C1: 16%
C2: 4%
C3: 3%
Currently forming a pivot point. Take note that 11 June will be the dividend entitlement date. Lets see how the price develop after the that.
Fundamental and prospect wise, N2N is looking good.
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The content provided is my personal...
Inverted hammer in late April marks the start of a triangle formation as prices continue to fluctuate. Connecting the lower highs and higher lows, we see a breakout but with no strong volume.
Good risk-reward by setting 50% Fibonacci retracement level as support. Targeting MYX:N2N to retest prior high in the near term for a quick 10% gain. The 85.5sen price...
Currently on an upward trajectory with strong momentum, just touched fibo 38.2% and retraced due to profit takeing, will continue climbing towards competion major wave 3 EW
1. Weekly starting to make an uptrend. EMA 10 > EMA 30 but below EMA 200. Also starting to make Wave 3.
2. H4, price broke the downtrend line and retrace to 0.5 Fibonacci level also RBS. Doji formed and followed by a strong bullish candle potentially to form Wave 3.
3. Isaham rating 11.4 PE 21.9 WAFV RM0.99, i3 ATP RM1.01.
Chart pattern is forming a triangle, entering a squeeze.
Expecting it will challenging previous new high, around RM 0.90 (+20%)
Risk reward ratio = 2.8
CL = -7%
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Disclaimer
This information only serves as study references, does not constitute a buy or sell call.
N2N approaching Fibonacci target 1.618 at 1.39, exit below 0.63
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
#N2N
Rst: 0.96
Spp: 0.865
Bullish breakout with substantial buying interest flown in, continue to stay above Fibo Ext 50% will keep this momentum bull.
Trade ideas for this counter.
Remain neutral as long as price doesn't breakout resistant line
Below is hidden base aka swap base which price still hasn't retest.
Symmetrical Triangle Pattern spotted. Wait for BO of descending trendline with more average volume.
Quarterly profit, EPS growing for 2 consecutive quarter.
