SUPERMX trade ideas
Riding the wave of SUPERMXSupermx still on uptrend and stay above the trend line.
Currently on the border of fibo level 8.945.
Besides, there is no change on FA wise so nothing to worry about.
BUY signal on Turtle and DE also out on 26/11.
Let's just relax and ride on the wave.
Disclaimer:
Just opinion sharing only.
No BUY/SELL call involved.
SUPERMX - Weakness To Continue SUPERMX
Rst: MA50
Spp: 8.30
Violation of MA50, at the same time built lower high formation, the softening of indicators will continue to cast pressure towards Fibo Ext 100% at 8.30
SUPERMX - Morning Doji FormationSUPERMX
Rst: 10/ 10.65
Spp: MA50
Morning doji formation means upside will continue to charge tomorrow, important hurdle to break the recent C&H breakout neckline (refer to chart).
SUPERMX: Lower low?Hi traders,
Hourly analysis on supermx. Will it hit lower low tomorrow?
Lets see! :)
SUPERMAX Buying ZoneHello Traders
Here is a quick analysis on Supermax. Currently price is in correction for Wave 3 Higher Degree.
Price will retrace back to the buying zone and making the final wave which is Subwave 5 in Wave 3
I expecting some big movement on 30th November 2020 base on Fibonacci Time Zone.
The even will occur 2-3 days before or maybe after 30th November 2020
MYX:SUPERMX
Supermax, just follow my lineJust follow my line. It will tell you what is going to happen. Others charge you 5 digit for this line, and i am giving you free here.
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Supermx : Good time to buyLooking more towards the upside..
Either ABC or wave 3 in the making..
EP,TP and CL as per chart..
SUPERMX [7 October 2020] Buy On Dip in Support ZoneMYX:SUPERMX
Breakout Downtrend Line
52 Weeks High Line
Fibbonaci Retracement
Candlestick Support & Resistant Zone
Trendline Support & Resistant
Supermx - Can break above 9 this time ? 5 Fast Turtle Buy signal within 2 weeks.
Well supported by uptrend line (Good place to buy)
Volume still below moving average.
FiFT +ve
MCDX+ Banker's bar increase and crosses above Banker's Moving Average.
Bull need to defeat psychological resistant at 9.
Resistance zone at 9.5
Slow Turtle Buy above 10.
Plan to accumulate and further BoB
Almost there. Can we break this cycle?SUPERMX is literally sitting on the resistance. We need a solid break above to try for the next resistance.
SuperMX TradesSuperMX
Long term analysis, still a long term buy.
Short term, intraday may fall to 7.90 before heading back up again as indicated on the 120 EMA.
Take profit area 12.90
the End or the return of SUPERMAN?i know my view might get bash from supermax die hard fan.. however dont get me wrong, i myself got lots of profit from this counter , to be honest this is my favourite counter (since covid of course :) )
i will discuss purely on technical point of view
as i notice, the most important things in trading is technical, no matter how good the FA, technical will always be on top. FA just a catalyst, or support, especially for investor / long term trader
from the chart ( same like top glove, harta i thnk)
we can see formation of head and shoulder, the formation completed after price break the neck line at 8.59
as what written in the book, price can go lower as much as the increment
based on previous price increase, price can drop as low as 4.985
however price manage rebound at 5.735
in my opinion, i can say the price currently still in down trend despite recent rebound and 4 days of white candle. why?
1. 20MA already cross below 50MA
2.price yet to test the resistant ( pullback after testing at rm9)
however, we can still consider this whole down trend things is just a second stage consolidation ( meaning that, the counter as a whole is still in stage 2 - up trend) why? because price is still above 200MA. once price broken below 200MA, then the counter is in 4th stage.
so will u trade this counter?
if u are short term trader maybe u can consider
if u are swing trader, i thnk better avoid first, unless price BO the resistant line at around RM9 ( as for me, since im a swing trader, i will avoid, unless the price is at least above the 50 MA)
if u are investor , given the good FA, just find the good entry price for u to enter.
resistant rm 9.15 ( assuming currently chart trying to make double bottom formation despite only within 1 month period)
that ever it is, paln your trading plan, trade at your own risk
