MFCB super strong support line around 3.85This is a life time opportunity to add massive MFCB position to your portfolio when it drop to around 3.85
MFCB trade ideas
MFCB, AlgoSignal reveals potential uptrendSeveral indicators within my algorithmic system are signaling a potential uptrend. These include:
- Increased volume: Activity is picking up, suggesting growing interest and potential momentum.
- Mid- to long-term uptrend: Both the 50-day and 150-day exponential moving averages are pointing upward, indicating a sustained positive trajectory.
These factors collectively point towards the possibility of an upward movement in the near future.
Malaysia stock MFCBHigh chance bounce back above of the support line of parallel ascending trendline.
MFCBOpen position: 3.52
Close position: 1~6%
SL depends on your risk-reward ratio
#DeepagiScreener #TAYOR #buylowsellhigh #swing
VCP SETUP MFCBStrong fundamental company.Increasing EPS YOY and QOQ for 3 consecutive quarter.Price has breaks the horizontal line with high volume.now making a pullback
MFCB (3609) Monitoring for downtrend breakout
1) Candlestick
Look out for long candle closing with high volume.
2) Moving average 20,50,200 converging at about 3.56 for a strong support level
Trend Rider 221. Weekly in uptrend EMA 10 >EMA30 >EMA 200.
2. In H4 starting to form Wave 4 with reversal at 0.618 level. Bullish engulfing candle formed. Above EMA 200.
3. Good FA, Bursa Marketplace rating 9 CTP RM8.02, Isaham 13.1, Fair Value RM10.4, i3 ATP RM8.32.
MFCB STOCK PICK FROM EXPERT 040120212021 STOCK PICK FROM EXPERTS
PURPLE LINE = STRONGER SUPPORT
RED LINE = MINOR SUPPORT
Disclaimer:
Please be informed that above analysis are solely for education purpose; it is neither a trading advice nor an invitation to trade. For trading advice, please speak to your remisier or dealer representative.
You are responsible for your own risk management Do Your Own Due Diligence
MFCB entering Declining Stage, Observe for future entryMFCB Stock Analysis
First I always look at the chart first, identify which market structure we are in?
There is 4 stages in the market, Accumulation stage, Advancing Stage, Distribution Stage & Declining Stage.
Personally, I look at MFCB now currently from distribution stage heading into declining stage.
Share Price at the same time dropped bellow EMA 20 & 70, indicating short/mid-term down trend.
While waiting for MFCB market structure change from declining stage to accumulation stage. I will set price alert around 5.44 – 6.02. So that if MFCB hits those price range, which alert me into re-observe this stock again.
I have learnt during my past mistakes that we should let the stock price comes to us, rather than us chasing the stock prices.
Kindly follow me more for value investing =) Lets keep learning together!
MFCB 24/06/2020*24 June Technical Idea*
MEGA FIRST CORPORATION (Stock code: 3069)
1st Jun MFCB hit it new high 7.180 and retrace back to demand zone area (5.60-6.00),long bias
yesterday we see that MFCB closing with reverse candle pattern and increase volume, entry signal
we think that MFCB is welcoming it next rally waive,potential trace can be participate.
*Risk: Moderate Risk*
*TP1: RM6.490*
*TP2: RM6.930*
*SL1: RM5.910*
*SL2: RM5.630*
*Risk Return Ratio:1.79x*
Strategy:
1)This was a technical play, trade to wait the momentum and buy flow come.
2)Value investor may accumulate at every new low prices or demand zone as long as fundamental remain.
MFCB 24/2/2020FA call
Laos’s power plant start operated and received payment from government. There have more than 60 power plants at Laos, there have no problem with collection but potential have delay on payment but never default. The power plant can generate 60-75m USD PAT + 20m USD form other business which represent EPS 0.61 with 12xPE shares price should worth RM 7.30
MFCB - Bullish Breakout, Uptrend To Continue Into Uncharted AreaMFCB - The stock just stage for another round of bullish breakout, which you shall expect further upward continuation. MACD just done bullish crossover, RSI & MACD sloping upward. Resistance can be found at 4.65, support level observable at 4.29
<TradeVSA> Mega First - Re-accumulation with ShakeoutStrength in the chart:
1. Mark-up stage in the background
2. Long period re-accumulation
3. Pentagon bullish signal
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
Mega First - To Test Resistance Soon after Flush OutStrength in the background:
1. Mark-Up Stage in the background
2. Re-accumulation stage for more than 1 year
3. 2 bars shake area in Re-Accumulation stage
Send us your preference stock to review based on TradeVSA chart by comment at below.
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
