uptrend line almost broken but rebounded nicely above ema50, a good sign of bull. volume indicatoor showing selling pressure weakening and slowly moving to positive. looks good to test the previous high.
disclaimer: this is not a buy/sell call, but merely my personal opinion. always tayor.
Strength Signal in the chart:
1. Re-accumulation with Shakeout
2. Re-test support with NS
3. Pullback completed with NS (weekly chart)
Hit the "LIKE" button to support us :)
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
hi guys... long time no update... this month really not a good month... many stock retreat.... this so far is one of my suggestion.. current on hand left kawan 2.35 and supermx 7.10....
MYX:SIME
EP 2.18
TP1 2.35 (6.42%)
CL 2.04 (9.17%)
Reason for entry
1. Price is in consolidation mode and building up momentum for breakout
2. MACD has crossed up - initial trend indication
3. RSI is below 70%
This is for education purpose only. Not referring to any long or short call.
nice news from Simedarby for this 2 days.
As we can see, the price today already broke resistant, hold the EMA50 and with high volume.
we can expect the price soon will fill the gap at least till 2.100.
To enter, wait the rebound candle and TP till 2.100.
CL: 1.895.
Strong buying at support levels occurring, plus break of descending trend line. Good financials being reported adding extra support. Accumulation looks good.
