MI - Stay Strong Albeit Selloff Among Its PeersMI
Trend: Bullish
Rst: 2.15
Spp: 1.99
Emergence of hammer candle today indicates yesterday bullish Marubozu candle is in true strength. MACD just done bullish crossover - shall lead the stock to propel further from its new psychological support level at 2.00
MI trade ideas
<TradeVSA> Obviously Strength Signal in MI Technovation Strength in the chart:
1. Pentagon buy signal with volume
2. Gap up
3. Forming support with narrow spread bar
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
MI - Testing Strong SupportTested 2.32, quite strong support at this region 2.30. We doubt it will come down to test 2.10, unless significant negative news that bring it down. Decent risk to reward trade.
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DISCLAIMER
This presentation solely meant for information purpose and does not constitute as investment advice. We may or We may not take the trade that we presented. All estimates, projections, forecasts, expressions of opinion and other subjective judgments contained in the presentation are based on assumptions that considered to be reasonable. We are not responsible for any liabilities arising from the result of your market involvement or individual trade activities.