NGGB trade ideas
About to breakout??MYX:NGGB
Technical Analysis
MACD not yet crossing to show buy signal.
RSI above 50% shows some strength for the price.
ADX is buy signal.
Trading Plan
Buy: 1.020 - 1.030
Cut loss: if price close below 0.975
Cut loss %: 5.34%
R-R ratio: 5.64
Notes:
The oscillator might not shown buy signal yet. But I don't rely much on oscillator in my trade.
Due to bad market condition, the price might only move slowly.
Disclaimer:
This is not a buy call. Only sharing of idea.
NGGB IN HARMONIC PATTERNConsider to study and monitor NGGB's daily chart which resembles that of a bearish bat harmonic pattern and also has recently BO's from a bullish flag. The probable EP is 1.000 which is the daily pivot point and the probable TP could be at 1.295 which is fibo886 extension and Point D. The probable CL is 0.895 which is below Point A.
NGGB a fully warehousing stock.MYX:NGGB
Recently, I found many stocks in Malaysia were doing symmetrical triangle chart pattern.
Nggb is one of those, and I found out that most of the nggb ticket has been accumulated.
With the symmetrical pattern, I think it is a good chance to buy now, if you dont want to hold, u may wait for the bullish breakout.
Cut loss can set around 0.55
NGGB: terkait dengan solar?Jika dilihat dari segi trend, NGGB ni masih fasa sideways.
Namun begitu, jual beli pada hari Jumaat lepas 20 Nov 2020 agak seimbang.
signal MACD dah bersilang
esok 23 November 2020 (Isnin) boleh pantau pada Timeframe 15 sekitar jam 9.15-9.45 pagi,
kalau nak entry, pastikan EMA 7 dah siap silang EMA 21 dan candle hijau di atas EMA 7.
Sekadar pandangan saya.