MI (5286) Technology - Main Market3rd cycle completed, need to wait confirmation breakout 3rd cycle (RM4.74) just suitable to enter.
Else the risk is quit high atm.
MI trade ideas
set up on monday 26 Question you need to ask yourself :-
1) Is it UPTREND ? ema 20 > ema 50
2) Is it BULLISH ? price > ema 50
3) Is it STRONG BULL ? fift positive
If yes,
4) Where is your Support and Stop Loss ? 4.5 ( 6%)
5) Where is your Entry Point ? wait til 4.68
6) What is the % risk (Stop Loss - Entry Point)/Entry Point 6%
7) Can you take this N% risk ? yes
8) you got a setup if yes.
MI - Coming to Uncharted Region MI
Rst: 4.54
Spp: 4.20
Breakout charge continues, with the support of strong RSI, MACD, reaching Fibo Extension 100% and even breakout from this point is possible.
MITrading Plan:
EP - If price breaks and close above 4.30 at 1HR TF.
TP at 4.63, wave 5 - 61.8%
CL - if price moves below 4.13
MI: Completed H&S PatternCareful on MI! As it completed H&S pattern. Target for H&S if its break the neckline is around 2.85.
MI - form complete Head & Shoulder, going south? If my drawing is correct, MI is performing complete H&S, will go south until RM3.40...
MiMYX:MI
Chart Pattern: N Pattern/ Higher Low
Candle Pattern: Bullish Engufling
Fast Turtle Buy:4.44
FIFT +ve (spike)
Atom Buy
Stochastic Higher Low Crossed up
Enter above :4.44
SL: 4.2
TP: 4.85,5.3
Hit each TP clear 50% of the portfolio
ANYONE INTERESTED ON TURTLE TRADING SYSTEM PLEASE REFER MY MENTOR @KGIAP123
docs.google.com
MI TECHNOVATION BEARISH DIVERGENCE28/8/2020
Price keep on break higher as higher but RSI did not break higher compare with previous high
first higher price start on 22/7/2020
second higher price on 5/8/2020
Recent price break higher than previous higher but RSI indicator shows lower as lower on 24/8/2020
Be caution on it !!!
Descending Triangle prediction at 28 Aug 2020MI has been trading above its sloping 20-Days Moving Average which is a good sign.
In addition, the price just broke the resistance of 4.24 reinforcing the bullishness in the recent price movement.
This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a succesful breakout.
Resistance Breakout 1 : 4.24 (4 August 2020)
Resistance Breakout 2 : 4.4 (13 August 2020)
Support 1 : 3.69 (-18.37%)
Support 2 : 3.55
Descending Triangle prediction at 28 Aug 2020.
Possible bearish price movement towards the resistance 3.69 within the next 25 days (42 bars : ETA 15 Sep 2020).
MI, from resistance to supportRebounding from EMA25. Technology stock always the bullish..
If you like my chart, just give me a LIKE, follow me and share it to your friend. :)
Disclaimer: I am not Investment guru. Every stock analysis are purely for my personal learning and practice purpose.
It is not for any buy or sell call to anyone. Everyone are responsible at your own trades.
MI : Looks like Regular Flat Corrective Wave formingPossible 3-3-5 structure regular flat corrective wave forming
Potential Entry when price breaks flag pattern (circle) at 4.00
TP previous high area
MI akan berterusan RSI Overbought sehingga Ogos 2020Trend RSI Overbought yang konsisten sejak Minggu Ke2 Julai 2020.
Dijangka RSI Overbought akan berterusan sehingga Ogos 2020.
MI 11/8/2020RM3.830 would be a crucial support line for MI. Should it break below this support, this will mark the continuation of a downtrend.
Clear Upward Movement for MIMi within this upward trend is safe. Price increased with big volume, price retrace with small volume. Good Sign of Shark collecting MI share. Looking forward to achieve higher price.
Training 30/7/2020 - MIAny input @ feedback for me to improves in drawing the chart and writing down my trading plan is really appreciated. Btw, be nice please.. Thank you and have a great trading
STOCK TRADING:12)MItech- top 20 jewel series of malaysia stocksTHIS IS TRADE 100) FRM HAIDOJO TRADING...
-top 20 jewels frm a very popular local bank...
-technical : let's look at some price action...
MI has been in uptrend ever since its commence in June 2018…even after the “Great Fall” in mid-March this year, MI has never stopped its uptrend and rebounded frm RM1.40 to gain over 100% plus…! MI has been in my close scrutiny bcx of its interesting uptrend…
Recent move, it has been making new structure high and reached the peak at RM4.00…
current support : RM3.50-3.30
lower support : RM3.00
resistance : RM4.00 new high
Overall, MI is still in tandem with its uptrend momentum…if no more bad news frm the market, MI is expected to move higher to form further new structure high…
WARNING : this is juz a trading idea...trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
MI - Can Play Catch Up With Greatec?MI
Rst: 2.70
Spp: 2.61
Doji candle, above upper BB, relatively lower selling pressure, more upside to unfold. Standing firm above Fibo Ext 50% is positive signal as well.
MI - LongPossible to go higher
(Disclaimer: for demonstrate planned trade records for study only, not for recommend to buy or sell)
MI - Emerging strong through crisisMI has a solid company fundamentally with strong debt to equity ratio which also helps to recover fast from the current crisis.
In an attempt to break the major downtrend resistance, healthy pullback formed from the current historical oil move and now gearing towards higher price.
MI (SYARIAH) Rintangan pada Fibo 38.2%1. Saham MI telah membuat lantunan yang kuat pada harga 1.365
2. Buat masa ini menemui rintangan pada paras Fibo 38.2% iaitu pada harga 1.96
3. Jika rintangan ini dapat dipecahkan, berpotensi meneruskan kenaikan ke rintangan berikutnya iaitu 2.35, jika tidak berkemungkinan turun semula ke bawah
