Not a strong company.However latesr quarter report showing improvment of QOQ and YOY.Price has break the horizontal line with high volume after the announcement of the report
1. SYMMETRICAL TRIANGLE
- It show price try to BO from above symmetrical triangle (yellow circle) and my estimation it will same patters as before.
- for comfirmation price must be closed above 0.50 to ensure it continuation uptrend.
- My target it will reach at 0.680 (white arrow)
2. Harmonic
- Bat, Alt Bat and Crab pattern will be form if reach to 0.886%,...
Price become more tight, less volatile. Volume on yesterday looks high. All moving average near to each other.
Will monitor if possible to breakout that area. Or it will make a base for longer time?
Disclaimer: This is not a buy call. Just a trading idea.
Trading Idea MESB (28/4/2021)
- Potential breakout above EMA50 (green line)
- Buying opportunity in yellow zone, around RM0.50-0.52
- Target: RM0.55 / RM0.58
- Stoploss below RM0.50
Disclaimer: This trading idea is strictly intended for informational purposes only so please do your own analysis before making any investment decision.
One of the Consumer products counter (Personal Goods)
- Broke out 0.55 neckline.
- Consolidating into ascending triangle/rectangle channel.
- Hot money still inside.
- Above EMA 9,20,50,200.
R1: 0.6
S1: 0.55
