XOX trade ideas
XOX Trade IdeaCurrently price already hit the support level at fibo level -0.20 and building up momentum to reach higher price.
Price need to break 2 resistance to achieve the mentioned take profit.
Take profit is at fibo level 3.618.
Please compare with your analysis before trade this stock counter.
XOX - Wyckoff Accumulation Phase?I'm guessing that XOX is making a spring yesterday and will try to test next HL according to Wyckoff. Anyways, I'm not an expert in Wyckoff (don't be nasty if I wrongly interpret it). But nevertheless, I will track this stock to see if it moves accordingly like in the chart.
Let's see how.
Bursa XOX Berhad - 2021Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
XOX in correction-modeXOX currently in major downtrend based on parallel channel and its riding Correction Wave B to find a new Lower High.
There are potential limited upside to meet resistance @ 0.170 with Support @ 0.09 (RRR 1:2.2).
Breaking the downtrend channel could bring XOX to a new uptrend Impulse Wave 1 with Resistance area around 0.245
However, if 0.09 support is broken, next support could be as low as 0.055.
Volume is trading low at the moment, with not much news to report.
Banker chip is also none means there are no push from institutions.
With XOX high balance float (70% of 3.076 Billion shares), it needs bigger player to push the price higher. Relatively comparing to MYX:SEDANIA (40% of 302 Million shares) and MYX:OCK (20% of 958 Million shares), more injection needed in XOX to make the price move. Currently only 2 Corporate investors riding with XOX (KGroup, and MARA Inc making up of 12.97%) [ Source ]
Additonally, XOX will also need more good catalyst/news, like what it did on 26 Aug ( Agreement with AliPay Labs +57% in 2 days).
TAYOR guys !
p/s: I'm no expert, only a newbie trader practicing my new understanding on EW. Please help to feedback if you see any room for improvement. Thanks everyone.
EASY123 Prediction @MYX XOXPrediction: Bottom Fish (Rally when it breaks 0.14 )
Target Price: R1=0.15-18, R2=0.22-25, R3=0.28-33
Support/Cut Loss: S1=0.10
*Trend direction: Bottom Rebound - Bottom Divergence
*Price moves strongly supported at 0.10 with Yellow-diamond observed on 30-Oct, an indication of the bottom signal.
*White-diamond has appeared on 19-Oct, an indication of the strong buying momentum.
*White-candle appeared on 19-Oct & 02-Nov, an indication of the turning point from the existing trend.
*Disclaimer: This is not a Buy or Sell suggestion but solely sharing the information...Trade at your own risk.
*Preference Strategy: Swing trading (Follow the BUY/SELL Signal respectively).
*Reminder TP & CL is an individual preference & decision. No fixed rule or guideline for it.
*If you are interested in our trading template. Feel free to drop us a message, we are happy to share with you.
Signal's Interpretation:
BUY Signal:-
*Green-Background = Uptrend
*BT-Yellow-Diamond = Bottom reversal signal.
*Green-Upward-Triangle = Potentially a Bottom signal.
*White-Diamond = Strong upward momentum accelerator.
*White-Candle = Turning point or a trend reversal.
*Yellow-Candle + Alert-Bell = Potential Price take-off area.
SELL Signal:-
*Red-Background = Downtrend.
*Red-Dot = Potentially a Top signal.
*Blue-Candle = Potential price selling off area.
Pump and dump stock!!!!!Netx, Mlab, Trive, Xox and many others are manipulated stocks by group of people.. it is obvious to sell above 0.200 and not to buy it. Many new traders trapped in this stocks still in denial it can go back up.. sadly no action taken by authorities.
Later all of this stocks will go below 0.100 and worst 0.05 then they will proposed share consolidation to reduced number of share again..