Price Start to rebound from bottom. Currently in accumulation phase. High chance price to go up at least 50%. Counter is for medium to long term hold position. MYX:EWINT
P/s: Not a BUY/Sell call. Please due diligence before enter any trade.
Best to wait for possible retracement at area 0.56 and below, Possible to go long position with the aim to reach previous 0.67 price, the risk is 5.8% if the price does not rebound at 0.56
MYX:EWINT showing signs of a small base, if it manages to break above 0.595 area, I feel the next target would be 0.65 thereabouts with stops below 0.565.
Based on the chart and indicators, here are some observations for short-term trading:
1. The stock price of MYX:EWINT is currently trading at RM0.555, which is close to its 52-week high of RM0.59. This suggests that the stock is in an uptrend and could potentially continue to rise in the short-term.
2. The day change for MYX:EWINT is 0.015 or 2.8%, which...
Price is slightly boost up from a bearish trend since June 2021.
A potential uptrend forming, it can be having two possibility entry points for us:
1. Breakout the recent higher level @0.52 and price will keep up.
2. A retrace after breakout or pressed by 0.52 resistance level, entry trade when...
Gap up : 0.690
Gap down : 0.570
EWINT has created the Rising Wedge Pattern. It is likely that the price will go down to close the gap down first (0.570).
There are 2 shapes of rising wedge patters:
a) in an uptrend, they are reversal pattern
b) in a downtrend, they are continuation patterns
Disclaimer
Any information contained in this page should be considered...
Which gaps will fill up first? WL
Momentum looks good
1. RSI: > 50
2. STOCH: D - 79.55%
K - 73.15%
Disclaimer
Any information contained in this page should be considered as general information, research and learning only. I am not responsible for any actions and decisions made based on the information from this page. Thank you
EWINT almost break down trendline.
Today price cross EMA200 with solid volume.
If the price tomorrow open above 0.500, EWINT may continue uptrend.
Future ichi cloud looking to turn green.
Thank you for your continued support :)
Strategy: Moving Averages Formation (Swing Trade)
Bias: Bullish.
As seen in the chart, all three are moving in bullish formation. On the 8 Jan 2020, the price pierced the 50% key level and the Green MA, yet managed to close above both by the end of the day. A stronger sign is given on the next day when the price closed...
