Looking at the chart of MYX:TOMEI and the Williams %R indicator, we can see that the stock has been trading in a range between RM1.15 and RM1.25 over the past month. The Williams %R indicator is currently showing the stock as being oversold, with a reading of -85. This suggests that the stock may be due for a bounce in the short-term.
In terms of volume, we can...
1)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
Disclaimer
Stocks to Monitor:
1. ARMADA
2. POHKONG
3. TOMEI
Sign of Strength in the chart:
1. Accumulation stage
2. Pullback
3. NS Signal in Daily / Weekly Chart
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
TOMEI
Theme: Gold
Rst: 1.36/ 1.53/ 1.69
Spp: 1.26
Early day weakness is being supported by buying interest, pushing the stock back above critical breakout point 1.26, as long as it continues to maintain its pace here, will see further upside
Tomei .. A Major Gold and Jewelry Retailer In Malaysia.. Possible Stock Price will exceed RM1.80 within 1 year if Gold Price Hit All Time High Again ...
