As per Stochastic , MGB is in OB region. but the MACD just crossed. So possible another price movement for 1-2 days, before it going pullback.
MGB has recently closed above resistance level at 0.93 this week, our view remains bullish for the next movement to Fibonacci level 2.618 at 1.17. New support is at 0.775 marked as S1. Other technical markings are still intact. Link: Disclaimer: Our content is intended to be used and must be used for technical analysis education purposes only.
MGB surged higher above two-years downtrend line to Fibonacci 1.618, closed above resistance at 0.815. The share was then retraced to current nearest support at Fibonacci sell target 1.618 coincide 200-days SMA and made significant breakout above the downtrend channel. Our price target is at 1.17, however the share could meet resistance level at 0.87 on the way...
Momentum yg ditunjukkan MGB sangat baik. Satu line change yang solid pada 7jan. apabila pecah cloud, trend menaik akan berlaku. juz my 2sen