Taking short position as price are moving along the trendlineMy current take on this stock would be entering a short position(SELL) on price MYR 10.58 as it touches the trendline of past resistance point. Aside from that, my take on this entry is also due to the fact that this stock is currently making a downtrend movement and the last line of resistance have been retest twice. Hence, making it a high probability of breaking the resistance line on MYR 10.40
MAYBANK trade ideas
Maybank's RM8.00 +/- is very very strong support! 22/May/23Maybank stocks investment probably "can make us sleep better after holding it if compare to others stock".. it's Good timing for "accumulation" @ 8.00 +/-. While "still many like "Money Gxxxs" .. Maybank give u Average 6% dividend + potential of share gain of 50%! in 1,2 years. ( 8.00 to 12). It's too good to be true right!? But not "Money Gxxxs" ?! Right?!
Maybank short term “avoiding FOMO” trade. 6/April/22Due to FOMO ( fear of missing out ) factor most traders/ investors always bought stock @ ( high price ) on “breakout trading strategy “ etc..To avoid such problem ..one of the methodology is waiting for “pullback” and buy at “retracement confluence zone” .. A “ confluence zone” @ 1) Parallel Channel 2)Fibonacci level etc...
MAYBANK. possible at the wave (D)(cyan) of the triangle. 27/6/21MAYBANK Possible at the Wave (D) ( Cyan/light blue ) of triangle.. AND wave B (yellow) of triangle.. Price could retrace to around RM7.50 where there is confluence of 1) Up Trend Line Support 2)Next Major Demand Zone. 3)Lower Trend line support of triangle wave B (yellow) . Before resuming its up trend toward around RM 12.00
simple analysis: bullish target zone from pullback fib extensionmedium term target zone: 9.6~9.8
long term target zone : 10.8~11.0
Target zones are confluent with existing SR zones (yellow)
Be patient to wait for another pullback to confluence of:
i) current support zone (green) ; &
ii) 21ema
before considering a long play.
Maybank- Recovery UptrendPrice rising above short term EMA20/ 40 and as long price keep maintain above EMA20/ 40 , long term MA 50 to 200 continue to trend upwards, currently going towards first resistance at 8.345 .
Price well supported along MA100
Next Resistance -
R1- 8.515
R2- 8.515
Resistance zone- 9.0-9.3
Macro economy outlook
Rising bond yield may be the catalyst for future rising interest hike by the Fed.
Rising oil and foods which drive the inflation higher may prompt the changes in Fed reserve's stands on keeping low interest rate for next few years.
Maybank - Up momentum increasingMaybank - Up momentum increasing
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(Disclaimer: for demonstrate own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk