Uptrend for Mestron?Uptrend is still there, can the share price continue going up? Let's see...
Trade at your own risk
MESTRON trade ideas
MESTRON 19062023This is not a buy call!
EP: 0430/0435
CL : 0415/0410
TP : 0450/ TP2: 0480
Weekly show early uptrend.. (ema cross)
Good stock for swing..
MESTRON IN HARMONIC PATTERNMESTRON spotted in bullish flag formation and bat harmonic pattern which rebounded at fibo886.
Mestron analysis- If BO DTL + high vol ,possible price will go higher
- If breakdown the trendline ,can ignore or CL
- Noted :
Last date for BI on 9 august 2021 ,price will be adjusted
MESTRON - starts to go higher than before???MYX:MESTRON Today, refer to EPRAF indicator, MESTRON has just started a new uptrend phase. With good MACD signal and stochastic level above 60, MESTRON will go hinger than before.
MESTRON (0207) - Ace Market : MetalsNice one breakout. AGM on tomorrow (18/06/2021) , Voting for Free warrant
Risk reward ratio consider ok. 2.88
Last support : RM 0.360 - RM 0.375
1st Target : RM 0.525
2ns Target : RM 0.565
super steel manufactory demand high supply Mestrobuy on DIP super steel manufactory demand high supply Mestro
0.42 buy
0.46 , 0.48 , 0.50 TP
0.345 SL
MESTRON - Strong RecoveryMESTRON
Rst: 0.44
Spp: 0.39
Uptrend is clearly supported even though the stock experienced heavy swing during last week selloff, stock that manages to recoup above middle BB, signals for stronger momentum.
MestronMestron.
Jika mampu breakout 0.40 akan ke TP seterusnya 0.430/0.450.
Volume buy masih solid di dalam Mestron.
Sekadar kajian saja.
MESTRON - New Support FoundMESTRON
Rst: 0.49
Spp: 0.39
Successfully forged its support at Fibo Ext 161.8%, meaning the stock is now ready to venture further towards 0.49, broad BB formation can facilitate the move.
MESTRON Potential for Long SwingMESTRON potential cup and handle formation break out. Recent immediate down trendline break with volume. Current price at 0.215 surfing downtrend line. Breakout from 0.230 indicates bullish momentum. MESTRON has a good business model with profitable YoY profits. Recently announced QR profit RM3.1 mil with dividen RM0.0015/share
Good prospect in Construction, Solar, 5G as they provide solutions through their specialty poles. Could potential benefit from upcoming construction projects, National Digital Policy and Renewable Energy.
Mid TP: RM0.365
Long: RM0.600
MESTRON: Breakout Trading2 times MESTRON tried to break 0.29, and today it did. It went up to 0.30 and retraced, I bought it at 0.295
Entry: 0.295 (1st)
SL: 0.27 support
TP: 0.310 (10% target only)
Let's see how it goes
DISCLAIMER: The idea is made public for discussion purpose only, not for buy-call. Each entry I made in this journal is for my own educational purpose and record keeping.
MESTRON CUP & HANDLE PATTERN ON WEEKLY CHARTLooking at weekly chart with support @ 0.160 cup and handle formation completed. Possible retesting resistant @ 0.20 level if break further rally will follow ..long term I'm bullish...
MESTRON : UP or DOWNThis is the 5th time it tries to break the 0.245 prices.
Will it able to break it? and reach a new high?
Monitor and ready to ride the trend...
MESTRON.. Heading to Target PriceRebound on trendline, and spike with strong volume. Let see it how it goes!
MESTRON AnalysisDisclaimer: This is not a buy call but for learning purpose
Technical analysis
In accumulation/distribution phase
Potential rebound as price at EMA 20
Risky - Large exit volume in 7 Dec
Trading idea
Entry price: 0.180
Cut loss: 0.165 (below 0.170 resistance)
TP1: 0.210
