GENM is leading the pack and followed by Airport and KLCC to benefit from the tourism boom and falling ringgit. Both AAX and Capitala performed badly in term of momentum analysis but logically speaking better avoid Capitala (still PN17) and for exposure to aviation sector AAX will be better bet but keep in mind the weakening ringgit will have negative impact on...
The stocks is currently in its retracement phase.
HTF: Uptrend
LTF: Downtrend
Long 0.895
TP 4.900
*This sharing of analysis shall not be treated as financial advice. Trade at your own risk*
>> price still above Hull MA.
>> Might challenge 214, which is the nearest R. Next R will be 228 area.
>> Either PnD OR DnP.
>> Protect capital / secure profit if any.
When the market moves where, and how, and if - these are all unknown. The only thing which we can control is our risk. Focus on risk management!
Keep the long term vision.
Disclaimer:...
This is not a buy call!
Rebound after HL for MYX:AAX
EP 1900/1910
CL 1650
TP 2300
BD ❌
BOD ✅
Daily EMA ✅
Weekly EMA ✅
R1 : 1970 / R2 : 2150
S1 : 1900 / S2 : 1660
TAYOR
The previous monthly drop to 0.355 and rebounce towards 1.82 had marked an impulsive wave on AAX revival.
We shall see in the upcoming low, the price shall revisit 0.912~0.915 somewhere around August before heading towards 5.138 possibly by end of this year.
AAX let everyone can “fly/fry” “again!”.. We probably just need to “tightening up” our “tummy” for few more months “saving more fuels” before “taking off” to the moon!!
- waiting to break the trend line and stay above
- ema & ma start to cross up
- macd already crossed up
- rsi bullish divergence detected
- BC=DE pattern (DE wave in the making)
Target TP: 105
CL: 065
*For education purpose*
AAX could be forming any form of bearish triangle on wave (4)(cyan/light blue).. P/s..Trading is the "on going" "Journey" of "Rediscovery" NOT a "Destination" of "Reinvention"..
Based on ABC chart. If C break B possible will gworth until 1.00 myr. But before its fly to 1.00, maybe will break for a few point.
Lets check it up later. TQ
As continuity from Weekly Timeframe which weighted for Long action, another confirmation can be observed by this beautiful curving of imperfect Cup and Handle?
