MFCB super strong support line around 3.85This is a life time opportunity to add massive MFCB position to your portfolio when it drop to around 3.85
Mfcb
MFCB entering Declining Stage, Observe for future entryMFCB Stock Analysis
First I always look at the chart first, identify which market structure we are in?
There is 4 stages in the market, Accumulation stage, Advancing Stage, Distribution Stage & Declining Stage.
Personally, I look at MFCB now currently from distribution stage heading into declining stage.
Share Price at the same time dropped bellow EMA 20 & 70, indicating short/mid-term down trend.
While waiting for MFCB market structure change from declining stage to accumulation stage. I will set price alert around 5.44 – 6.02. So that if MFCB hits those price range, which alert me into re-observe this stock again.
I have learnt during my past mistakes that we should let the stock price comes to us, rather than us chasing the stock prices.
Kindly follow me more for value investing =) Lets keep learning together!
MFCB - Bullish Breakout, Uptrend To Continue Into Uncharted AreaMFCB - The stock just stage for another round of bullish breakout, which you shall expect further upward continuation. MACD just done bullish crossover, RSI & MACD sloping upward. Resistance can be found at 4.65, support level observable at 4.29
