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MSM MALAYSIA HOLDINGS BERHADMSM MALAYSIA HOLDINGS BERHADMSM MALAYSIA HOLDINGS BERHAD

MSM MALAYSIA HOLDINGS BERHAD

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MSM trade ideas

READ THE MARKET ON PRICE ACTION, WAVE ANALYSIS & CHART PATTERNPrice showing positive momentum to the upside as we can see selling momentum slowing down and buyer starts making a move. As for now, there's no Lower Low created to break below Buyer's Territory. Recently, price keep squeezing and we are still in indecisive phase where 50/50 chances price might go up or vice versa. Personally from my perspective, price possible to jump to the upside as we see strong bullish candle on 21st April which indicates buyer reaction. The Bear struggling to push The Bull that's why price starting to consolidate. Besides of price action story, Elliot Wave (EW) can be one of the tools to forecast the price movement. EW completing Wave C, in the making of Wave D before price reject once again at support to complete Wave E. Based on rule of thumb EW, after completing Wave E, the percentage for price to break the squeeze pattern is higher. For this expectation of bullish momentum, price might go to the upside and if we trade based on pattern also, you might see it is a possible Bullish Flag pattern. Keep monitor the price and trade based on your personality. Only you can decide whether you are Price Action Trader? Elliot Wave Trader? Or Chart Pattern Trader?
MYX:MSMLong
by traderfiz
MSM - Falling Wedge Into Temporary Consolidation Opportunity and Risk Green Arrow (Transparency = 0) = Representing Opportunity Red Arrow (Transparency = 0) = Representing Risk Green Arrow (Transparency = 30%) = Representing Alternate View for Opportunity, or less probable outcomes Red Arrow (Transparency = 30%) = Representing Alternate View for Risk, or less probable outcomes DISCLAIMER: This analysis is for educational and informational purposes only. It is based on my personal view in the market from a technical standpoint. None of information posted in this page can be used as investment decisions except for educational purpose only. Do not trade solely on the information posted in this page. 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. PENAFIAN: Analysis ini hanyalah untuk tujuan pembelajaran & pendidikan sahaja dan bukan cadangan untuk membeli atau menjual stok atau apa jua jenis instrumen kewangan. Anda dinasihatkan untuk menghubungi remieser / dealer / bank pelaburan yang mempunyai lesen atau kelayakan yang sah untuk bertanyakan pendapat dan menguruskan pelaburan anda. Pelaburan dan perdagangan mempunyai risiko tinggi, dan ianya adalah Risiko Anda Sendiri.
MYX:MSMLong
by DrArifMokhtar