- If BO DTL + high vol ,possible price will go higher
- If breakdown the trendline ,can ignore or CL
- Noted :
Last date for BI on 9 august 2021 ,price will be adjusted
MYX:MESTRON Today, refer to EPRAF indicator, MESTRON has just started a new uptrend phase. With good MACD signal and stochastic level above 60, MESTRON will go hinger than before.
MESTRON
Rst: 0.44
Spp: 0.39
Uptrend is clearly supported even though the stock experienced heavy swing during last week selloff, stock that manages to recoup above middle BB, signals for stronger momentum.
MESTRON
Rst: 0.49
Spp: 0.39
Successfully forged its support at Fibo Ext 161.8%, meaning the stock is now ready to venture further towards 0.49, broad BB formation can facilitate the move.
MESTRON potential cup and handle formation break out. Recent immediate down trendline break with volume. Current price at 0.215 surfing downtrend line. Breakout from 0.230 indicates bullish momentum. MESTRON has a good business model with profitable YoY profits. Recently announced QR profit RM3.1 mil with dividen RM0.0015/share
Good prospect in Construction,...
2 times MESTRON tried to break 0.29, and today it did. It went up to 0.30 and retraced, I bought it at 0.295
Entry: 0.295 (1st)
SL: 0.27 support
TP: 0.310 (10% target only)
Let's see how it goes
DISCLAIMER: The idea is made public for discussion purpose only, not for buy-call. Each entry I made in this journal is for my own educational purpose and record keeping.
Looking at weekly chart with support @ 0.160 cup and handle formation completed. Possible retesting resistant @ 0.20 level if break further rally will follow ..long term I'm bullish...
