will MISC rebound after Window DressingLooking at the chart for MISC Berhad, here's my analysis:
Current Price Action:
- Trading at RM7.08, up 1.29%
- Currently testing key support level
- Price below major moving averages suggesting bearish pressure
Technical Analysis:
1. Support/Resistance:
- Critical support zone around RM7.40 (highlighted in pink)
- Major resistance at RM8.00-8.20 (recent peak)
- Previous support at RM7.60 now acting as resistance
2. Moving Averages:
- All moving averages trending downward
- Price trading below all major MAs
- Death cross formation (short-term MA below long-term MA)
Volume Analysis:
- September 2024: MYR1.024B (-8.29%)
- Recent volume spike on selloff
- Money flow indicator showing distribution phase
Key Events:
- June 2024: MYR1.254B (+564.28%)
- March 2024: MYR188.7M (-85.66%)
- Significant decline from recent highs around RM8.80
Trading Considerations:
- Currently in downtrend
- Key level to watch is RM7.40 support
- Break below support could target RM7.00
- Need to see price back above MAs for bullish reversal
MISC trade ideas
will AXIATA going forward 2025 due to Window dressingLooking at the chart for Axiata Group Berhad, here's my analysis:
Current Price Action:
- Trading at RM2.49, up 4.18%
- Breaking out from recent resistance level
- Price moving above all major moving averages
Technical Analysis:
1. Support/Resistance:
- Strong support zone around RM2.20-2.30 (highlighted in purple)
- Previous resistance at RM2.40 now likely to act as support
- Overhead resistance around RM2.60 (previous swing high)
2. Moving Averages:
- All moving averages beginning to turn upward
- Price recently crossed above all MAs
- Potential golden cross forming (short-term MA crossing above long-term MA)
Volume Analysis:
- Recent volume spike supporting the breakout
- September 2024: MYR2.379B (-14.97%)
- Money flow indicator showing improving buying pressure
Notable Price Events:
- March 2024: MYR2.105B (-16.85%)
- June 2024: MYR2.797B (+32.88%)
- Consistent base formation over several months
Trading Considerations:
- Breakout above RM2.40 suggests bullish momentum
- Stop loss could be placed below support at RM2.30
- Initial target at previous resistance RM2.60
- Risk/reward appears favorable at current levels
MICS - Consolidation Pre-BreakoutNO INVESTMENT ADVICE IS PROVIDED
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Please consider your own interpretation of Opportunity & Risk. The author of this post strictly follows the Malaysian Security Commission ( SC ) Guidelines on the prohibition of Investment Advice by unlicensed parties. Any examples shall use historical charts without any recommendations and not to cause inducement to the public to take action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives. The author will never provide any investment or trading advice as the activity of giving investment advice is likely to be considered as a regulated activity under the Capital Markets and Services Act 2007 ( CMSA ). All posts made in Tradingview do not include any communications involving providing recommendations or opinions or includes any material, content or any statement which are likely to induce a person to take any action or position (e.g. buy, sell or hold) regarding a particular class, sector, or instrument in relation to securities or derivatives that is likely to be considered as “advising others concerning securities or derivatives”. The author will not recklessly make any statement, promise or forecast that is misleading, false or deceptive to induce or attempt to induce another person to deal in securities or derivatives. None of information posted in post can be used as investment decisions. Do not trade solely on the information posted. Trade at your own risk and judgement. A trader could potentially lose all money. Only risk capital that can be lost without jeopardizing ones financial security of lifestyle. Please seek licensed professional guidance if you plan to invest your capital seriously.
MISC All country is starving for LNG and crude oil, while as the MISC is the one largest shipping company sure benefit from this trend, if price break 7.0 surely it gonna fly, and seems the RSS volume is increasing since 22/2/2021 that made price break support price 6.70, let see whether the company will buy back their share to withstand the price to break from its support
MISC - Break RM6.51MISC - Break RM6.51 (Down Trend & try entry at potential reverse point)
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(Disclaimer: for demonstrate own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk)
MISC - Bullish Pennant Breakout!MISC - The stock has staged for bullish pennant breakout with widening Bollinger Band. RSI & Stochastic going northward and MACD just done bullish crossover. Further upside can be expected. Support level at 7.98, while resistance level based on Fibonacci Extension, shall extend to between 8.34 to 8.56