MFLOUR Short Base VCP (Follow Up)
Updated
MFLOUR I shared on 13 Jan and updated the progress in the earlier post. Short based VCP observed!
C1: 14%
C2: -6%
C3: -3%
Might have another round of contraction or might breakout and pull back. Depend on how the fund operators want to execute.
Let's wait and see.
Disclaimer:
Information presented here is not intended to be used as the sole basis of any investment decisions nor should it be construed as advice designed to meet the investment need of any investor. Trade at your own risk.
C1: 14%
C2: -6%
C3: -3%
Might have another round of contraction or might breakout and pull back. Depend on how the fund operators want to execute.
Let's wait and see.
Disclaimer:
Information presented here is not intended to be used as the sole basis of any investment decisions nor should it be construed as advice designed to meet the investment need of any investor. Trade at your own risk.
Trade active
Breakout, pull back re-test previous resistance as support. Re-gain momentum to go further.Note
Deep correction ~10%. Again, similar to MASTEEL, entry price is important. If chase high definitely being wash out during the correction.
If entry price 0.785/0.790, still acceptable risk.
Trade active
As mentioned, entry price is important. Wash out retailer since 9th Feb. Top up yesterday @0.795. QR released. Another rally might start soon.
Or might form another contraction and setup a pivot point.
Note
Please refer to new post on this MFLOUR. Updated the VCP drawing.
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