Long
Can MyFiziq (MYQ:ASX) stop the bleed ?
Today's Aussie Market Buy/Sell ratio = 0.32
Buys: 181
Sells: 568
Hold: 1285
Let's see some history relative timing RT values by VectorVest on this stock:
19-Apr : 0.29
18-Apr : 0.13
17-Apr : 0.07
16-Apr : 0.06
13-Apr : 0.05
RT analyzes a stock's price trend. MYQ.AX has a Relative Timing rating of 0.29, which is very poor on a scale of 0.00 to 2.00. RT is computed from an analysis of the direction, magnitude, and dynamics of a stock's price movements day-over-day, week-over-week, quarter-over-quarter and year-over-year. If a trend dissipates, RT will gravitate toward 1.00.
Although the value of RT is really bad, we still see it keeps rising in the last few days, it is a still good sign for any speculative investors.
Let’s have a look on the technical analysis:
MYQ has already risen 57% in two days. MYQ was entered into oversold region (see RSI) in April. The recent rebounded movement caused MACD crossover UP. With today’s bullish candlestick, it closed even higher than 20 EMA.
Support & Resistance:
Ichimoku tells us that there is a minor resistance at 0.545 (Kijun-sen). The next ones are 0.645 and 0.900.
Since chin-kou span is under prices, Tenkan-sen is under Kijun-sen. They are not the bullish signs.
Speculators ! To trade safe, you may set your target somewhere between 0.615 and 0.645.
Buys: 181
Sells: 568
Hold: 1285
Let's see some history relative timing RT values by VectorVest on this stock:
19-Apr : 0.29
18-Apr : 0.13
17-Apr : 0.07
16-Apr : 0.06
13-Apr : 0.05
RT analyzes a stock's price trend. MYQ.AX has a Relative Timing rating of 0.29, which is very poor on a scale of 0.00 to 2.00. RT is computed from an analysis of the direction, magnitude, and dynamics of a stock's price movements day-over-day, week-over-week, quarter-over-quarter and year-over-year. If a trend dissipates, RT will gravitate toward 1.00.
Although the value of RT is really bad, we still see it keeps rising in the last few days, it is a still good sign for any speculative investors.
Let’s have a look on the technical analysis:
MYQ has already risen 57% in two days. MYQ was entered into oversold region (see RSI) in April. The recent rebounded movement caused MACD crossover UP. With today’s bullish candlestick, it closed even higher than 20 EMA.
Support & Resistance:
Ichimoku tells us that there is a minor resistance at 0.545 (Kijun-sen). The next ones are 0.645 and 0.900.
Since chin-kou span is under prices, Tenkan-sen is under Kijun-sen. They are not the bullish signs.
Speculators ! To trade safe, you may set your target somewhere between 0.615 and 0.645.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.