MYX:CHOOBEE
Technical Analysis
MA 12 crossing up MA26
MACD super buy signal
RSI above 50%
ADX buy signal
Trading plan
Buy price: $1.93 and below
Cut loss price: close below $1.75
Cut loss %: 9.33%
R:R ratio: 2.72
Disclaimer: This is not a buy call. I am sharing my analysis only.
BUY
- Buy around 1.77 after the breakout from the consolidation
- Best entry was at the breakout of 1.63 with two inverted hammers which signified a shooting star and gravestone doji afterwards
- However, it rebounded after touching 1.63, opened at 1.64 and straight towards 1.77
SELL
- SL is around 1.70
- Observe accordingly since there are multiple...
The study is based upon Volume Price Spread Analysis and Momentum
CHOOBEE has clearly shown Momentum spike.
Close: 1.76
EP: 1.79<
SL: 1.54
TP: 1.91/ 2.02/ Open
* The NTA looks good at more than 50% discounted value.
Disclaimer: This study does not constitutes Buy/Sell per say. Please consult your financial advisor before making any trading/investing decision
MYX:CHOOBEE
SWING: 2 DAYS TO 2 WEEKS
Breakout Downtrend Line
52 Weeks High Line
Fibbonaci Retracement
Candlestick Support & Resistant Zone
Trendline Support & Resistant
![CHOOBEE: CHOOBEE [8 December 2020] Buy On Dip in Support Zone](https://s3.tradingview.com/w/WFvZTcbX_mid.png "CHOOBEE [8 December 2020] Buy On Dip in Support Zone")
