Significant Bar (Sbar) with huge volume buy yesterday (28/2/24) indicated that supply might been wiped out successfully
- this is the hall mark of BO BUEC
position re-initiated today as attached
Pure Wyckoff
As my prev Analysis, i had been flushed out and since then, Spring formed.
Spring - Tested (Success)
Position re-initaited today as attached
Pure Wyckoff
The current price exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
The current price exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
Bottom build up (higher high & higher low) is completed, and price is already above MA5, 10, 20 and 60.
Last friday closing, its price has slightly drop but the bullish trend is still going unless the price is unable to cross @0.84.
There has a resistance at 0.84 level and consolidation between 0.81 to 0.84 which is also a resistance...
1. Mahsing weekly in uptrend. EMA 20 above EMA 50. Price action just above EMA 200.
2. In H4, it is expected to be in Wave 4 where reversal after ABC at 0.382 Fibonacci level (previous reversal also at 0.382). Doji formed and broken with bullish candle.
3. From Isaham, Profit and Revenue uptrend, PE 22.7, WAFV RM0.92
Mahsing on 7 May shown a strength with rebound from Shorterm moving average MA20 after 4 days of retracement. Bullish candlestick pattern is Bullish Piercing.
Huge compression (weekly), H4 bearish engulfing cancelled, price has made RBR in attempt to breakout
alternative zone would be 0.655 onwards
*DYOR on fundamentals
MYX:MAHSING
- it went through a long period of consolidation - one could have swing traded this because of healthcare related investment
- 875 was the obvious entry for this stock with 855 as the cut lost point
- the gap up today filled the gap down in last November 2020
- closed above the box and give it a few more days to establish a stronger support
- long upper shadow...
If volume decrease price will rebound nearly at 0.935-0.97 but if volume increase TP = 1.30/1.63/2.16.
The idea is just for educational purpose only.
Disclaimer: TAYOR
