This is not a buy call!
seems like strong uptrend for MYX:NYLEX
New breakout (BD)
EP : 0515/0510
CL : 0455/0460
TP: 0550 (CAN STAY IF STILL UPTREND)
BD :Yes
Daily Uptrend
Weekly Uptrend
Waiting Period : 20 days
My prediction is Wave 5 under way soon and will terminate at at least Fib Ext 1.272/1.618 Monitor Price whether can break RM1.29/30 with average volume. TAYOR
Technical Analysis
MYX:NYLEX
MACD not yet buy signal
RSI above 50%
ADX buy signal
Trading Plan
Buy: $1.63 and below
TP: $1.97
Cut loss price: $1.51
Cut loss %: 7.36%
R:R ratio: 2.83
Seems like NYLEX is moving upward to complete minor wave 5 for major wave 3 around RM1.55 after recent triangle breakout suggesting the continuation pattern. TRADE AT YOUR OWN RISK
After a long consolidation since May till Sept, price was started boost up at 15 of Sept.
Stage 1 is completed, and Stage 2 - Uptrend is on going.
A trade reversal retracement at 14 Oct and 15 Oct is a confirmation day. Bullish candle with volume (1.2x average volume), Stochastic golden cross at 30.
Initial stop loss at 1.10 recent lower level. Target profit...
Intact uptrend with proper cup and handle set up.
Banker Chips piling up on Wednesday and we notice minor contracting volume on Friday.
Good sign that Banker may churning off unstable retailers before strong rally.
MAny signs show that big boys already very heavily involved in this counter and we expect strong rally happen next week given that market sentiment...
Risk and Reward is 1:2 and 3, possible open trading will be show green and a week to show potential bullish.
Buyer tend to take control.
Price Action is key to decide Entry Price.
Seems like it’s break the resistance after test for few times.
Possible to maintain closing price above that resistance?
Let see for for the next price action.
Disclaimer: this is not buy call. Just a trading idea.
Nylex (Malaysia) Bhd. is an investment holding company, which engages in the manufacture and marketing of vinyl-coated fabrics, calendered film and sheeting, rotomoulded plastic products, and other plastic products.
Buy at 0.80
TP 0.9 -1
SL 0.78
go go go
My view on this counter.. Following recent bull run, price start to retrace and now making sideway (indecision) whether to continue to drop or moving up. But i am expecting price to continue to drop as key level located at below. The first one is at swap base which is strong level to buy and also there is one more level which is final move if price break this swap...
My simple view on This Counter. Short term bias is bearish.. But for long term is still Bull as long as price didnt go below 0.47. Now price sideway but expect to breakout below. Buy call will be made in buy zone with min SL
