Per my tagged previous post on MYX:SUPERMX , everything seems to be going per planned and as expected. Targeting the the support region of RM1.00 for this ticker. Good luck.
I am in no way a market pro. I don't read any fundamentals/news or analysts reports. Everything here is based on charts.
Supermx. “Why” its stock price having “high probability “ @ multi years “bottom”?! The “answer” lie within this “bunches of” ema crossover! BUT it’s not “a simple” so called ema’s crossover / ema’s act as support/resistance “ strategies. You got to “see/check” stock’s price “whole pic” from yearly to 1 min chart..It might take you > 10 years / 10k hours to find...
Couldnt really find any evidence for bullish setup as Kobay is sliding down as per Supermax analog. Rallies has been all offset by supply which might suggest further selling. Potentially campaign is over and no CO is taking over from here.
Supermx. Today I gonna “bullsxxxing” a “myth” about ying ( seller force ) , Yang ( buyer force ) AND neutral force ( median line of parallel channel) again “represented” with parallel channel. P/s Since tradingview “free user” don’t have enough data feed. I have to “superimposed image” by using 3rd party apps to have more “history data” for “whole view” of its...
Disclaimer : All past, present, future charts are all for illustration, research, studies purpose ONLY.. Supermx May start building its base soon before deep pullback from “downtrend “ as price now @ 1) major demand Zone 2) Major up trend line ( Cyan dashed line )..
Market Analysis
The 4 Kings are TOPGLOV, SUPERMX, KOSSAN & HARTA: (not to be confused with Andy Lau, Leon Lai, Aaron Kwok & Jacky Cheung)
Fundamental good stocks with strong revenue and cash positions. However, those that chase these heavily promoted stocks at the high side would really need to hold long term in order to recoup. Not sure when it will happen...
Sign of Strength in the chart:
1. Average volume downbar (monitor till end of the day)
2. Hourly chart low volume
3. SP above 20ma
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
GOODLUCK TRADERS
TRADE AT YOUR OWN RISK
buy at the support will be recommended!!!
“Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.” — Albert Einstein
JUST MY OPINION!
NOT A FINANCIAL ADVISE!!
SUPERMAX may complete trip zig-zag (w)(x)(y)(x)(z) soon as price at :- 1) Lower Trend Line Support of Parallel Line (Red) 2)Price At Major Demand Zone ( Cyan Rectangle Box) ...
Sign in the chart:
1. Downtrending with Inverse Pullback
2. No sign of Bag Holdings / Stopping Volume
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Supermax is at the support line at the moment technically. Additionally, day chart is at Demark 7 now plus the blackcat-L1-L3 signal show there are some chip accumulation at the bottom recently as well. Stop-Loss can set around 3.075. if can break the triangle, price would rally higher.
Increasing downside pressure for MYX:SUPERMX with last line of defense around the RM3-RM3.05 area.
Breaking this level could bring a sharp decline for this name. Good luck.
