MASTEEL trade ideas
MASTEEL WILL RIDES WAVE 5Masteel is now in wave 5 and should climbs higher.
Look for the final RSI bearish divergence to take your profit.
Accumulation around 60 days for Masteel?HIgh Obv volume shown from the past 16 june until 7th August. Is it possibility of accumulation during this period?
Accumulation price is around RM0.30 to 0.32 per share.
Supertrend indicate buy signal on today as this evening 4pm indicate high volume buying in.
Shall keep monitoring them..
MAN OF STEEL -MASTEEL nak terbang woiiEP =0.305
TP1=0.335
TP2=0.345
CL=0.295
Setup
MA20 silang MA50
Stoch RSI oversold
0.295 support yg kuat
BAYOR la kalau jadi..haha
Downtrendline1. Waiting to buy at downtrendline support and target at resistance
2. Prepare to buy if break downtrendline
<TradeVSA> Pullback Completed with Spring !Strength signal in the chart:
1. Green pentagon in the background
2. High volume line change
3. Supported with Spring signal
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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
Masteel ( Rebound Counter )Short to Swing
EP : 315
CL : 295
S 1 : 305
S 2 : 300
R1 : 325
R2 : 350
TP : MA20 touch red candlestick
<TradeVSA> Rejection at Resistance ! Lion & MasteelStrength in the chart:
1. Resistance after gap down
2. Downbar with lower volume
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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
MASTEEL: Triangle Pattern above fibo 0.618Triangle pattern above fibo retracement 0.618. Breakout at 0.420.
Catalyst metal duties on import cold steel. News on the edge market 26/12/2019.
EASY123 Prediction @MYX MASTEELLife is simple...Trade with Simplicity!
*The trend direction: Uptrend. (Must not break the S2 to maintain the trend)
*The Bottom signal ( BT ) sighted on 03-Dec.
*Price tested the lifeline (Redline) & close above it on 09-Dec.
*The Bell alert appeared on 22-Nov, a signal continuation of momentum is coming.
*The Star alert appeared on 04-Dec, a signal of strong buying momentum.
Prediction: The immediate hot-chase (Red-dot, above the candle) will result in the correction/pullback to/nearby the lifeline (Red-line). Once completed the correction, will rally to next Resistance.
Preference Strategy: Swing trading (Follow the Buy/Sell Signal respectively.)
Target Price: Immediate RM0.44-0.48 & 0.55
Cut Loss: If broke below S2 Support RM0.345
*Reminder TP & CL is an individual preference & decision. No fix rule or guideline for it...Trade at your own risk.
<TradeVSA> Steels are Pulling Back !Strength in the chart:
1. NS signal
2. Line Change high volume
3. Pentagon signal
Counters:
1. Lion Ind
2. Masteel
3. Ann Joo
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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
