MYEGMyeg might go into sideway ~
advise to wait and buy at 0.96-0.86 demand zone
*purely technical analysis, for education purpose only*
MYEG trade ideas
MYEG perlu melepasi trendline untuk terus naik1. Mungkin akan sentuh trend-line bawah dulu 1.41 diaras sokongan
2. atau rintangan lama lilin oren yg lepas pada harga 1.42 (RBS) sebelum meneruskan kenaikan
3. sekiranya berjaya BO trend-line, next TP inshAllah 1.50 dan seterusnya 1.60-1.70
4. sekiranya turun bawah 1.41, sokongan seterusnya pada harga 1.38 kemudian 1.35
sekadar perkongsian idea, perdagangan atas risiko sendri..
MYEG Uptrend famous stock with healthy retracement1. Price is well above long/mid/short term HRB support (wathcout for fibo level breakout for entry and exit)
2. Noteble nett capital inflow since 30 May 2019 an still rising
3. MCD still strong with majority profitable chips
4. Any pull back around 1.42-1.45 will be opportunity entry
[Watchlist]MYEG nak buat harga diskaun lagi ke.
Harga minggu lepas berlegar-legar disekitar
paras fibo retracement 38.2%
Sekiranya paras fibo ini adalah yang terkuat, besar
besar kemungkinan harga akan membuat pantulan kembali
dan akan pergi ke paras fibo rintangan seterusnya.
Dan jika tidak kuat, maka sebaliknya akan terjadi.
Carta minggu adalah seperti berikut.
MYEG Malaysia Stock Entry PointTaking the recent uptrend momentum, re-entry point would be at MYR1.35, using the golden ratio 50-61.8% middle band trading strategy.
In summary,
Buy at 1.35, TP1 1.59 (Short term), TP2 1.80 (Middle term)
Cut Loss at 1.19
MYEG - Strong Background with Buy Signal in hourly chartStrength in the chart:
1. Low volume accumulation
2. 18 Line Change with high volume
3. Average volume on upbars
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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
<TradeVSA> - MYEG continue to test supply with low volumeStrength in the chart:
1. Confirmation on accumulation
2. Pushing thru supply with high volume
3. No confirmation on Up-Thrust
4. Low volume to test supply
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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
<TradeVSA> Follow Thru after Spring in MYEGStrength in the background
1. Accumulation
2. Breakout with high volume
3. Average volume and narrow upbars
4. Confirmation on Spring
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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
Gamuda - Is Gap a Resistance?1. Represent seller area for gap down
2. Check volume if Smart Money are interested or not
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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
Confirmation on Accumulation - MYEGStrength in the chart:
1. Accumulation with low volume
2. 18LC and high volume
3. Testing support at 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
Who have the best setup? Padini & MYEGStrength / Weakness in the chart:
1. Padini
a. Forming accumulation
b. High volume widepsread bar, testing resistance
2. MY E.G.
a Forming accumulation
b. Wait for confirm Spring
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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 View on MYEGThe stock is currently on sideways since Dec 18.
There is a huge resistance at 1.30 level which tested on 17th Jan 2019. Further buy once the price cross 1.30 level.
Volume indicates that there is not much buying.
MYEG 9 Feb 2019 | hati2Salam semua,
.
1. Myeg kena hati2
2. Disebabkan sentimen negatif terkini
3. high chances myeg akan drop
4. Lagipun kalau ikut wave , sekarang nak masuk wave correction ke bawah dah
5. Tunggu kat bawah lah.
Selamat berdagang saya ucapkan.
.
DrZul Izzi Nordin (DDSUSM)
MY E.G. - Re-distribution or Accumulation?Background in the chart:
1. Mark-down stage
2. No confirmation on Sign of Strength
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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
MYEG 1.00 level will be testedPrice will test to break 1.00 price, if failed to break it will return and go long around 0.8xx
MYEGRefer to each of the funds flow sequence in the timeline series illustrated on chart to see how funds outflow was executed (from the all-knowing birds, to the early birds, to the majority of the flock of birds involving the main outflow tsunami to the late birds).
When majority of the flock of smart birds were outflowing as tsunami, it is obvious based on the FFA flow that a lot of retailers were trying to catch MyEG stocks which had discounted by more than -50% thinking it is cheap.
This resulted in the price down to be disproportionate compared to the funds flow outflow, i.e. outflow tsunami got out at decent prices because fools' monies rushed in aplenty. Based on thousands of precedents worldwide, selling is often far from ended for such a funds flow outflowing stock, especially when it is evident that many retailers bought a falling knife. Prices are often able to further half price again after an initial half price.
