Increase QOQ and YOY sales and profits.Price just breakout the triangle with high volume.Currently,on day 2 breakout,price gap up higher showing high demand in this stock.
MYX:NGGB
Technical Analysis
MACD not yet crossing to show buy signal.
RSI above 50% shows some strength for the price.
ADX is buy signal.
Trading Plan
Buy: 1.020 - 1.030
Cut loss: if price close below 0.975
Cut loss %: 5.34%
R-R ratio: 5.64
Notes:
The oscillator might not shown buy signal yet. But I don't rely much on oscillator in my trade.
Due...
Consider to study and monitor NGGB's daily chart which resembles that of a bearish bat harmonic pattern and also has recently BO's from a bullish flag. The probable EP is 1.000 which is the daily pivot point and the probable TP could be at 1.295 which is fibo886 extension and Point D. The probable CL is 0.895 which is below Point A.
high probability the price to go lower
to create new support or base
big fund just test the retailer emotion before continue
to up the price.
only prediction
not confirmation
trading is a game of high probability
note: better pick another counter
Weekly chart shows that the price already meet the CP Take Proofit target
The volume also seem to reduce compare to price which is still going up.
means bearish signal.
for whom to still keep this stock, maybe can release a part for secure the profit.
TAYOR
MYX:NGGB
Recently, I found many stocks in Malaysia were doing symmetrical triangle chart pattern.
Nggb is one of those, and I found out that most of the nggb ticket has been accumulated.
With the symmetrical pattern, I think it is a good chance to buy now, if you dont want to hold, u may wait for the bullish breakout.
Cut loss can set around 0.55
NGGB
Theme: Renewable energy
Rst: 0.635
Spp: 0.565
Bullishness remains intact, basically no sign of weakness can be observed from indicators and Bollinger Band now, reaching 0.635 is possible.
Price already break short down trendline.
In daily, price already crosses ichi cloud - starting to uptrend.
In weekly price already uptrend since price still above ichi cloud.
EP above 0.405
R/RP: 0.455 / 0.475
(Just for research & learning)
MYX:NGGB
SWING: 2 DAYS TO 2 WEEKS
Breakout Downtrend Line
52 Weeks High Line
Fibbonaci Retracement
Candlestick Support & Resistant Zone
Trendline Support & Resistant
MYX:NGGB
SWING: 2 DAYS TO 2 WEEKS
Breakout Downtrend Line
52 Weeks High Line
Fibbonaci Retracement
Candlestick Support & Resistant Zone
Trendline Support & Resistant
![NGGB: NGGB [8 December 2020] Buy On Dip in Support Zone](https://s3.tradingview.com/w/W6AngZjT_mid.png "NGGB [8 December 2020] Buy On Dip in Support Zone")
![NGGB: NGGB [3 December 2020] Buy On Dip in Support Zone](https://s3.tradingview.com/t/t3zIO9kl_mid.png "NGGB [3 December 2020] Buy On Dip in Support Zone")