MYX:SMI
There seems no sign to indicate this movement, but perhaps the price volume analysis is a bit difficult to read during red candle days (unable to confirm the direction)
Price is moving in uptrend and currently on 50% retracement with no supply set up.
Company engaged in development and sale of residential and commercial properties.
in addition, the company is engaged in leisure and entertainment activities, which include the operation of multiplex cinemas and motion simulator theater in the PRC.
Im expecting price might...
Support195
Resistance 240/260
Entry Reason:
1. Retracement. This counter is on an uptrend and its cumulative volume increasing too.
2. Breakout from the highest price of "B" signal.
follow my profit or click the link below to get FIFO indicator:
Newbie Views
Category :
Main Market
Sector :
Property
Idea Teknikal Analisa :
StochRSI dh cross
MacD nok cross
MacD H masih di bwh garis nol
CS pun ijau
price tutup atas garisan EMA9
Price already break down trendline.
Already crossed daily Ichi cloud and pullback to rebound.
Weekly also already crossed Ichi cloud.
Therefore, SMI has the potential to go upside.
SMI Potential C&H Formation:
Few targets *if* the formation is complete would be: 0.235 & 0.280.
But it will be more bullish if its continue to break its 52WKH @ 0.30!
Interesting!
I been watching this stock since few week now. I have high hope and faith in this stock. You might see ultra spike volume past few week, but no yet selling volume. It mean this stock will fly ridiculous high. Now the price is at the support. It's stupid if you dont take your chance to entry and hold until it break the cup and handle pattern.
It either now, or...
![SMI: SMI [24 September 2020] Strategy: Buy On Dip in Support Zone](https://s3.tradingview.com/d/DE2zolu2_mid.png "SMI [24 September 2020] Strategy: Buy On Dip in Support Zone")
