MYEG Rst: 1.23 Spp: 1.12 Shooting star candle emerged from MA200 and upper BB with RSI bearish divergence signal marks the end of technical rebound.
MYEG - May have risk to breakdown from formidable support level at 0.785 after the stock fails to sustain its double bottom spike.
For Education Purpose ONLY
Recap our earlier message for those who want to contra, MYEG has hit forecasted resistance at 1.23 today, good to consider exit. Indicators are turning bullish following these few days price recovery, but careful stock in bearish trend will easy to deteriorate recovering indicators.
The stock is currently on sideways since Dec 18. There is a huge resistance at 1.30 level which tested on 17th Jan 2019. Further buy once the price cross 1.30 level. Volume indicates that there is not much buying.
Laburlah Technical Coverage (17-MAY, Thursday): MYEG Technical Analysis Breakdown 1. Trend: Bearish 2. RSI & Stochastic: Bearish 3. MACD: Bearish 4. Resistance level: 1.45 5. Support level: 1.14 Disclaimer: The abovementioned is purely for sharing purpose, you should seek advice from relevant personnel and do your own analysis before making your move.
Laburlah Technical Coverage (11-APR, Wednesday): MYEG Technical Analysis Breakdown 1. Trend: Mild bear 2. Remarks: Broke immediate support @ MA50 3. MACD: Bearish crossover 4. RSI & Stochastic: Bearish 5. Selling pressure: Intensifying Disclaimer: The abovementioned is purely for sharing purpose, you should seek advice from relevant personnel and do your own...