wait till price drop to 0.265 then buy, take profit at 0.410
Setup strategy: Wait for price to test on green support zone for better risk and reward ratio, as strong downward pressure is still on the way from Monthly chart. RSI index at neutral. Price at Bolinger Band Mean line. Remarks from author 1)This analysis does not represent long or short trade immediately, it is solely on the author analysis 2)Trade at your own...
-It has been 7 consecutive days of lower lows for MMAG. -Next support at 665. -OBV at 200mil, the lowest since Sep 2019, indicating high selling pressure -it all started with some market correction, profit taking and announcement by politician to form new government -on positive notes, current PM already secure support from Sabah poll - so impact of politic...
Technically based on position of current price, 20MA, 50MA & 200MA, it looks good for further retest of next resistance at 0.37. Furthermore slow stock just crossing up on Friday indicating daily trend reversal.
MMAG - This thinly traded stock is suddenly flushed with stronger than average buying interest, pushing it sharply. Indicators seem promising, Bollinger Band is widening & sloping upward. Is there further space left? We think the risk of riding the stock is high at current level. Resistance is getting closer at 0.35. We particularly do not like stock with sudden...