EWINT trade ideas
EWINT Trading At RM0.555, Which Is Close To Its 52-Week HighBased on the chart and indicators, here are some observations for short-term trading:
1. The stock price of MYX:EWINT is currently trading at RM0.555, which is close to its 52-week high of RM0.59. This suggests that the stock is in an uptrend and could potentially continue to rise in the short-term.
2. The day change for MYX:EWINT is 0.015 or 2.8%, which indicates that there is some buying momentum in the stock. This could be a good opportunity for short-term traders to buy the stock and ride the momentum.
3. The volume for MYX:EWINT is 746,700, which is relatively high compared to its average daily volume. This suggests that there is strong interest in the stock, which could also be a good sign for short-term traders.
4. The GANN Square Of 9 indicator is a technical analysis tool that is used to identify potential support and resistance levels. Based on this indicator, the next potential resistance level for MYX:EWINT is at RM0.59, which is its 52-week high. If the stock breaks through this level, it could continue to rise in the short-term.
Overall, based on the chart and indicators, MYX:EWINT appears to be in an uptrend and could potentially continue to rise in the short-term.
EWINT (BURSA WK42 2021)
Price is slightly boost up from a bearish trend since June 2021.
A potential uptrend forming, it can be having two possibility entry points for us:
1. Breakout the recent higher level @0.52 and price will keep up.
2. A retrace after breakout or pressed by 0.52 resistance level, entry trade when rebound.
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EWINT created continuation patternsGap up : 0.690
Gap down : 0.570
EWINT has created the Rising Wedge Pattern. It is likely that the price will go down to close the gap down first (0.570).
There are 2 shapes of rising wedge patters:
a) in an uptrend, they are reversal pattern
b) in a downtrend, they are continuation patterns
Disclaimer
Any information contained in this page should be considered as general information, research and learning only. I am not responsible for any actions and decisions made based on the information from this page. Thank you
#TAYOR
EWINT : To fill or not to fillWhich gaps will fill up first? WL
Momentum looks good
1. RSI: > 50
2. STOCH: D - 79.55%
K - 73.15%
Disclaimer
Any information contained in this page should be considered as general information, research and learning only. I am not responsible for any actions and decisions made based on the information from this page. Thank you
{SWC} EcoWorld International: Moving Averages with Candlesticks Thank you for your continued support :)
Strategy: Moving Averages Formation (Swing Trade)
Bias: Bullish.
As seen in the chart, all three are moving in bullish formation. On the 8 Jan 2020, the price pierced the 50% key level and the Green MA, yet managed to close above both by the end of the day. A stronger sign is given on the next day when the price closed above the previous day's high.
Stop-loss: 0.860
1st Target: 1.40
Gentle reminder: Plan your trade and trade your plan . Peace out!
