Technical buy on downtrend line breakout, indicating price movement reversal. Histogram MACD trending higher indicating formation of bottom after sharp decline.
At the time of writing, MACD on Weekly Timeframe is sideways above zero and Signal line. A breakout with significant volume above 50c level may see DOGE retest 70c. Kindly refer chart for critical price points, resistance and support levels. Best of luck.
Currently trading below downtrendline on the daily chart and below EMA200 on the weekly chart, as of time of writing remains bullish as Brent broke the $70 mark. Monitor trendline and Support levels for possible long trading opportunities. Be extra cautious as the company is PN17 (company with financial distress).
MYX:SYF has been on the uptrend due to the positive sentiment towards furniture related counters in the times of Covid-19. From trading at 15.5c per share during the start of Malaysia's Movement Control Order (MCO), to a 52wk low point of 12c, the company is now trading at 46c per share. As observable from the chart, it is trending towards a high volume node in...
With key components of the index including TM and TIMECOM trading at multiyear high, will we see the telecommunication index advances further to test Year 2018's high? The announcement of initiatives for companies participating in the Malaysian Govt MyDigital program may be taken as key catalysts for the sector with prime focus on companies in the fiber optics and...