NYLEX 8/6/2023This is not a buy call!
seems like strong uptrend for MYX:NYLEX
New breakout (BD)
EP : 0515/0510
CL : 0455/0460
TP: 0550 (CAN STAY IF STILL UPTREND)
BD :Yes
Daily Uptrend
Weekly Uptrend
Waiting Period : 20 days
NYLEX trade ideas
Pocket Pivot Setup NYLEXSector : Industrial Products
Price today just brokeout pocket pivot with high volume.Hopefully price intact above previous support.
Fundamentally,consistently increasing sales and profit over 4 consecutive quarter.
To Motive Wave 5My prediction is Wave 5 under way soon and will terminate at at least Fib Ext 1.272/1.618 Monitor Price whether can break RM1.29/30 with average volume. TAYOR
NYLEX at RBS?Technical Analysis
MYX:NYLEX
MACD not yet buy signal
RSI above 50%
ADX buy signal
Trading Plan
Buy: $1.63 and below
TP: $1.97
Cut loss price: $1.51
Cut loss %: 7.36%
R:R ratio: 2.83
NYLEX TO COMPLETE MINOR WAVE 5 FOR MAJOR WAVE 3Seems like NYLEX is moving upward to complete minor wave 5 for major wave 3 around RM1.55 after recent triangle breakout suggesting the continuation pattern. TRADE AT YOUR OWN RISK
Coming Back?Let monitor it. We had done our Profit Locking. See if the price move to our favour and there may be another chances
NYLEX (BURSA WK42 2021)After a long consolidation since May till Sept, price was started boost up at 15 of Sept.
Stage 1 is completed, and Stage 2 - Uptrend is on going.
A trade reversal retracement at 14 Oct and 15 Oct is a confirmation day. Bullish candle with volume (1.2x average volume), Stochastic golden cross at 30.
Initial stop loss at 1.10 recent lower level. Target profit 1.35~1.40 with 2R if can cross up resistance line at 1.26
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Beautiful set up for NYLEX BHDIntact uptrend with proper cup and handle set up.
Banker Chips piling up on Wednesday and we notice minor contracting volume on Friday.
Good sign that Banker may churning off unstable retailers before strong rally.
MAny signs show that big boys already very heavily involved in this counter and we expect strong rally happen next week given that market sentiment keep in status quo.
Entry: RM0.91~RM0.95
TP: RM1.10
Cut loss: RM0.85
Come on Smart Money. AwaitingPossible a new uptrend forming after a while forming.
Patient and Risk is the keys.
Nylex Possible to retest breakoutRisk and Reward is 1:2 and 3, possible open trading will be show green and a week to show potential bullish.
Buyer tend to take control.
Price Action is key to decide Entry Price.
#NYLEX Weekly TF - 16/9/2021Seems like it’s break the resistance after test for few times.
Possible to maintain closing price above that resistance?
Let see for for the next price action.
Disclaimer: this is not buy call. Just a trading idea.
Super Dark horse in JUNENylex (Malaysia) Bhd. is an investment holding company, which engages in the manufacture and marketing of vinyl-coated fabrics, calendered film and sheeting, rotomoulded plastic products, and other plastic products.
Buy at 0.80
TP 0.9 -1
SL 0.78
go go go
NYLEX - UpdatedMy view on this counter.. Following recent bull run, price start to retrace and now making sideway (indecision) whether to continue to drop or moving up. But i am expecting price to continue to drop as key level located at below. The first one is at swap base which is strong level to buy and also there is one more level which is final move if price break this swap base level.
SL as per chart. TP @ sell zone.. Need to break this level to continue to move higher.
NYLEXMy simple view on This Counter. Short term bias is bearish.. But for long term is still Bull as long as price didnt go below 0.47. Now price sideway but expect to breakout below. Buy call will be made in buy zone with min SL
