Buy signal triggered based on MRV1 setup at RM0.145;
20% target at RM0.175; stop loss at RM0.015;
2-3 months due to the signal based on the daily timeframe.
**Only for discussion purposes. Not a buy / sell call**
ASB after a month of side way, these 3 trading day has increased its volume and break out from the price 0.170.
We can see from Fibo retracement, it has been settled down above 70.5% or EMA25 line.
On RSI indicator, we can see it is starting crossing up from 14 days average line and pointing up to upper zone.
Although technically it looks very attractive,...
The candlestick indicates a breakout signal due to significant price movement backed by high volume with the price closed above the MA50 line.
The MACD signal is in a positive trend, hence, confirming the price uptrend toward the next price resistance.
The RSI cross-up of the indexer 70 indexer due to fresh buying interest on the stock making the candlestick in...
Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
Prediction: SIDEWAY to Rally (When it breaks 0.155)
Target Price: R1=0.155, R2=0.18-0.19, R3=0.22-0.25
Support/Cut Loss: S1=0.125, S2=0.11
*Trend direction: SIDEWAY- Price move along at strong support Lifeline (Redline)
*Turning points (White-candle) have appeared on 06-Aug, an indication of the price revert to upward direction.
*Acceleration (White-diamond)...
Currently trading at RM 0.125.
Immediate support found at RM 0.120 at middle channel, as beginning of year 2018 already retest this level.
So I expecting the price will bounce back from this level to resume the new uptrend.
If price fall below RM 0.100 will be rate as risky counter.
Target - RM 0.160, RM 0.20 and RM 0.300
Cut loss - below RM 0.100
Disclaimer:...
MYX:1481
ASB currently trading at RM 0.140. Price consolidation more than one year since last year April from the highest price level at RM 0.210.
RM 0.120 is the bottom and last price for the consolidation mode. If fail to support, it might go back to RM 0.100, but seems like unlikely to break down to this support level.
Target RM 0.160 , RM 0.210 , RM...
![ASB: ASB [24 September 2020] Strategy: Buy On Resistant Zone BO](https://s3.tradingview.com/2/2qrIKFQz_mid.png "ASB [24 September 2020] Strategy: Buy On Resistant Zone BO")
