BJFOOD
BJFOOD pullbackBjfood, as by 5 jan 2023, price closing rm0.98 . No new catalysts, news, either booster. Lack of popularity, momentum low, many sign of weakness, upthrust 1 day ago.
However, the trend is still bullish. Price still above MA100 and MA200. Currently testing support at 0.98. If broken may test support @ 0.935.
Next quarter report expected on early February. Usually price will be reacting with the quarterly report.
Resistance 1 rm1.06, R2 rm1.09.
Fundamental of the company is good, revenue and profit boosted from main business especially from the Starbuck Coffe. Eps 7.49 , pe 13.09 , roe 27.64 .
Recommendation, wait for volume come either at support for buy on support or after breakout for buy on breakout. Support and resistance as shown above.
This article only for learning only and self opinion. no buy call. Please do your own research.
MYX:BJFOOD
BJFOOD Elliott Waves Analysis updated 14/Feb/221)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
