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GFM

GFM - TA1. Price candle break out MA 200 on 15 Aug '23 give strong signal the price movement may change direction to bullish soon. 2. Price candle testing MA 200 on 12 May '23 to 14 Aug '23 to shake out weak retailers. 3. GC (Golden Cross) MA 50 & MA 20 happen on 15 Aug '23 is below MA 200 line. Price may PB to MA20/MA50 line to form accumulation area. 4. Price candle and MA 200+MA 50+MA 20 line not yet align, expected a PB will happen soon and price candle may move in accumulation area to get MA line align together. 5. Price candle need BO strong resistance (0.210-0.215) to gain upward momentum. 6. Propose EP area stated in this TA. All MA line need to align first before decide on EP. 7. EW count analysis stated in this TA including with sub-wave count. TP for sub-wave iii is on area Fibo 1.618 (0.270) and TP for main wave 3 is Fibo 1.618 (0.34)
MYX:GFMLong
by azwanhuzaimi
POSSIBLE BREAKOUT AT 0.190 As seen on the chart, trading volume on friday was traded above average which is at 187.46M compared to average volume which is 150.941M. This is a good sign because the candle closed on green. It also formed an ascending triangle pattern on 1H chart making a higher high and higher low. It touched 0.190 but failed to break the resistance. However, based on trendline it is still in an uptrend with a very strong adx of 64.74, di+ is at 41 and is above the di- which is 6 on daily timeframe. Based on smart money indicator also indicates GFM-WA still has full banker on daily timeframe. I suspect a breakout soon at 1.90 and will possibly go higher and break the ATH at 0.265. Only time can tell. p/s: This is not a buy or sell call. I am only sharing my opinion about GFM-WA based on my study.
GLong
by aresleo