MALAYSIA STEEL WORKS (KL)BHDUpdated Masteel, only for rebound trade ATM
A series of LH LL were shown on chart.
Wait for confirmation of strong reversel trend to swing higher.
>> Broken all EMA lines
>> Price below Hull MA (red)
>> Although LTF showing positive divergence, but just wait for better confirmation.
Always remember, trend is our best friends.
When a stock / index has gone up substantially, we must be more care if we decide to get involve in it...
monitor closely and be agile....
we cannot PREDICT what definitely will happen ~ we can only RESPONSE to what we see!
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein.
Wait for confirmation of strong reversel trend to swing higher.
>> Broken all EMA lines
>> Price below Hull MA (red)
>> Although LTF showing positive divergence, but just wait for better confirmation.
Always remember, trend is our best friends.
When a stock / index has gone up substantially, we must be more care if we decide to get involve in it...
monitor closely and be agile....
we cannot PREDICT what definitely will happen ~ we can only RESPONSE to what we see!
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein.
Note
A quick profit for rebound trade.
Minor pullback. Let see it able to find next support at the middle of parallel channel (circle area).
Once broken consider it will down further.
>> Currently back to OS status, in which it will not strong as OB area.
Continue monitoring.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.