Longest bull candle ahead?macd above zero rising with increasing volume and buying power.. Rsi also rising, price suspended well above kumo cloud with conversion point below the price. last week volume and buying power showed a lot of fund buying this stock. Myeg are getting benefit in covid 19 situation and upcoming contract LPKS and NIISE.
IMpression : Strong Bullish just passed breakout point!
TP to RM2.500
MYEG trade ideas
The Breakout of myegThe price break the kumo cloud with two trend line crossed below the candle and the conversion line also below the candle.. 3 signs of strong bull intake for upcoming weeks..
For this week candle closed lower due to the news and uncertainty but managed to closed with hammer and price still above the cloud,.. the weekly trend showing “Upward gap Tatsuki” suggesting bullish continuation for up coming weeks..
Impression : Bull with TP Rm2.600
<TradeVSA> Continuation Signal in Hourly Chart...MYEG & MYEG-C90Strength signal in the chart:
1. Mark-up stage
2. Green pentagon in hourly chart
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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
My Noob Prediction & Strategy for MYEG1. We can see that MYEG is on a uptrend since 23 23March 2020, and currently it is maintaining above the uptrend which I treat it as indicator of non trend reversal indication within 6 month period
2. From 16 April price, I decided to draw another specific trend line which adapted to most recent price action, and we can see it is maintaining above the uptrend line
3. Currently the price is in pullback phase, which i believe it will find its way to the nearest [previous support at 1.15
4. I Planned to buy at 1.15, and hope that it will challenge the previous resistance at 1.22
5. If it manage to show ability to penetrate to 1.22, I will hold and wait for further sell signal
6. if it fail to penetrate, I will be selling at what ever price it offer next day
7. If this prediction goes right, this strategy could help you harvest 6%
MYEGBerikutan penularan COVID-19, FBMKLCI telah masuk fasa bearish, namun sehingga kini index menunjukkan signal reversal, kalau anda lihat closed market terakhir pada 20th March 2020. Chart double bottom terbentuk, jika benar ini masa terbaik untuk mula entry di kaunter MYEG. Level CUTLOSS apabila bocor strong support level yang saya nyatakan di chart. Semoga kita profit.
Look for buy set upMarket in range, however 0.765 prove to be strong support.
Two way to trade such situation.
1.Look for buy set up 0.765 (strong support), ideal after false breakout
2.Wait for market to break the range and retest 1.7 and go for long
what we are sharing is only our point of view on what could be the next move in the market and not signal. Please make your own analysis before follow us. Trade with care
MYEG——Where is the next profit zone? Thank you for your continued support :)
Strategy: Price Volume Analysis
Bias: Bullish .
Myeg, breakout with volume was spotted today. IDSS players forced to buy up around 4.00P.M., pushing the stock to a high price of RM1.37. The momentum is huge and potentially provides further buy in opportunities for a short term profit.
R: 1.36, 1.40
S: 1.30, 1.27