MELEWAR trade ideas
Ascending Triangle ETA 9 Sep 2020MELEWAR has been trading above its upward sloping 20-Day Moving Average which is a good sign.
Furthermore, the next resistance level is quite far at 0.28.
Resistance 1 : 0.2800 (26.95%)
Resistance 2 : 0.285
Support 1 : 0.200 (-8.92%)
Support 2 : 0.180
Ascending Triangle identified at 21 Aug 2020.
This pattern is still in the process of forming.
Possible bullish price movement towards the resistance 0.725 within the next 19 days (12 bars : ETA 9 Sep 2020).
Long MELEWARMYX:MELEWAR
EP - 0.20
TP1 - 0.29
CL - 0.185
Buy on dip as 0.20 is the strong support line
23 JUN MELEWARKAUNTER MELEWAR DI DALAM SEKTOR INDSUTRIAL PRODUCT
SUPPORT DI AREA 0.2
CL LEVEL DI AREA 0.19
RESISTANT DI AREA 0.235 DAN 0.26
MELEWAR - BODEP : 215/220
Cl : 205
S : 210
R1 : 230
R2 : 250
Number of Share: 359.42m
Sector : Industrial Products & Services
Sub-Sector : Metals
MELEWAR ANALYSISStorch RSI for MELEWAR seems like hitting the overbought lines. However, the price is still at the 3 Moving Average Lines.
The best entry probably at 210/205 and swing for another two to three weeks. Put in your watchlist first and see the movement next monday.
Bismillah and enter
MELEWAR IndustriesPrice breakout trendline but failed to breakout the resistant. wait price to retrace probably 0.210-0.215 area for buy back.
29 mei BESIShariah : Shariah Compliant Compliant
Sector : Industrial Products & Services
Sub-Sector : Metals
support 0.19
LONG MELEWARAccumulation phase has occurred, monitor closely for accumulation phase. Price keeps staying above 38.2% Fibonacci Retracement indicates to move higher
its time for Melewar to fly high?MELEWAR formed a flag chart pattern and break strong resistance today at 0.310. high likely to push up more to find my next TP at 0.450.
Melewar bangunmelewar mengeluarkan engulfing pada 13feb.adakah sector construction dan steel sudah bangun?
