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...
Meridian did find its support at the demand zone. Price may resuming its uptrend toward around Rm0.60..
MERIDIAN looking to setup double bottom. Have the potential to go upside.
Long @ around 0.150, SL @ 0.040, TP @ around 0.600. Detail @ The Chart
Channel, BO, resistance and support all in line. Time for swing new high.
Trend in channel. Support and resistance BO and respected. Ready to swing new high.
MYX:MERIDIAN SWING: 2 DAYS TO 2 WEEKS Breakout Downtrend Line 52 Weeks High Line Fibbonaci Retracement Candlestick Support & Resistant Zone Trendline Support & Resistant
Technical analysis Price around support area and mid BB RSI above centerline and moving toward overbought area MACD above centerline Trading idea Entry price: 0.335 Cut loss: 0.325 TP1: 0.340 TP2: 0.370
MERIDIAN Berada di atas garisan upper trendline dan masih di dalam fasa uptrend. Berkemungkinan akan mencari support di 0.340/0.33 sebelum menyambung kenaikan. TAYOR
Jika berjaya bertahan atas harga rintangan ini kemungkinan akan meneruskan kenaikan beberapa ketika. -carta uptrend masih kuat. -volume dah mula masuk sejak 2 3 minggu. ada potensi untuk uji paras 0.275. p/s: ini adalah sekadar pembelajaran semata mata.
Meridian, last time give me profit of RM5,000. I was expecting retracement for this stock and today is the day where i can finally say, you can now buy this stock. I personally prefer entry at 0.130. However im not sure if it is possible to get. Long Target price can go 0.220.