The stock already break out of the consolidation range and the trend line. Initiate a long position 0.58 Stop below the consolidation 0.48 Take profit at 0.765
MHB is showing reversal as it rebounds at demand zone and BO of downtrend line. Might be looking for previous 52wh. TAYOR.
Price in long term uptrend above 200 EMA Recently retrace to 0.38 and 0.5 fibonacci area
Now the price is in the support become resistance zone. If the price manages to break the resistance, the price will continue upwards.
Flag formation forming above ma 200, it's now on the critical support (0.415). Trading plan: Ep: 0.415-0.4 Sl: 0.385 Tp 1: Top of the flag at 0.49 Tp 2:Critical rst at 0.62
MHB already break down trendline. Price already pull back and tested the down trenline. It's looking good to go upside.
Enter once it drops on 50MA, making another highr high EP: 0.43-0.45
The stock is riding major uptrend in parallel channel and currently is nearing support. With short term upside on Brent/WTI, there could be opportunity for entry. Stochastic is showing a possible reversal. But remember, this is only for short term quick gain, and always adhere to cut loss if it break support. R 0.455 S 0.425 Sentimen: Short term bullish...
In H4 chart, we observed a cup and handle pattern and a possible upside with TP 0.530 and support 0.390, with EP 0.425 for breakout confirmation. In H1, MACD showing a breakout signal with good RSI momentum. EP 0.425 TP 0.460, 0.500, 0.530 SL 0.390 RRR 1:3 With Brent and WTI making good momentum, this could gives strong upside for energy sector, and eventually...
O&G sector is the most industry that affected since before covid-19. However, since US now have change the new president that determine to increase oil price. So we can say, high probably Oil and Gas company especially downstream sector that provide services and maintenance will rise up. MHB is one stock that i can say you may ride for mid term.
Trading idea is recommended by HLIB research team #sahamiscool #sahamisgood #tradeonyourrisk
MHB is the one leading company that involved in large sum of development in constructions. The pandemic was not really harm their managed cash flows, as the construction has been locked in deposit before proceeding. The marine works is always will be the main source of economy demand in many countries. It will not only focused in one country to deal with this...