MQTECH trade ideas
BREAK MAJOR TRENDLINE MQTECHI dont think this is a good idea,cos the company is not making money.But just give it a try.Technically just break major trendline with high volume,and close above 200MA line.price might return to the horizontal support line before make any higher movement.Or possible no retracement and become pump and dump counter.lets see if it success
Bursa MQTECH - MQ Technology BhdCurrently the price has comeback to the all time / daily support line, this might be the opportunity to long for short-term on this counter. If the price keep falling, we can either re-average the price or CL at the 0.095 zone and 0.075. Do bear in mind that it is in the sideway pattern which we could take this opportunity to gain some earning: Buy Low Sell High
Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
MQTECH (Learning Notes #3)Hello Traders around the World and Malaysia,
I am currently learning Technical Analysis , and this analysis is what I call ("Learning Notes").
Any sort of constructive comments on my analysis are very much welcome and will be greatly appreciated.
Let us learn together, and grow together to be a better trader!
Sincerely,
Kenneth Lee
This is not a buy/sell recommendation. Trade at your own risk.
MQTECH - Breakout descending triangleWe observed breakout of descending triangle (+25%) with highest TP of 0.3 (+77% gain)
EP 0.170
TP 0.195, 0.255, 0.300 (triangle opening)
SL 0.145
RRR 1:1
Speed: Fast with only 503M shares float (69% of 730M shares)
Sentiment: China Covid-19 vaccine Source mida.gov.my
Please exercise strict trading plan when trading penny stock.
TAYOR
From the head, to the shoulder of MQTECHAnother sign had appear in mqtech chart named head and shoulder which indicates and give us a sign that the price can be dropped within the orange arrow area.
Well, i consider to EP at the lowest/support level/next candle reaction.
Will let you guys know later on my next published ideas for mqtech.
Tayor...
