MAHSING trade ideas
Trend AnalysisThe trend is your friend. The rainbow average is your guidance angel. If the price is trading above the rainbow, the star is rising. No chart can predict the price direction so buy and sell at your own risk as market conditions can change at anytime without warning.
MAHSING STILL CAN SING ? WEEKLY
We might see a downtrend here, MACD has shown indication of a sell
This might be true because the Bulls are losing their STEAM !
MahSing might drop to a greater demand zone at 70 cents
Weekly timeframe has a stronger implication on the candles, the market is indecisive on where mahsing should go
Watch if 90cent is sustainable this upcoming week, If yes then we might see a technical pull back from the drop
view on MAHSING 23112020MAHSING break closed back above 0.90. but meet resistance 0.955-0.96
overall still seeing potential upsides.. as long as 0.875 holds.
break above 0.96 can go to rm1.00 to fill the gap.
MAHSING: BULLISH TIME?BASED ON PRICE ACTION, I'M EXPECTING MAHSING TO REACH 1.47 IN MID-TERM ( 1:1 FIBO). NICE RISK REWARD RATIO WITH STOPLOSS @ 0.85.
TRADE@ YOUR OWN RISK (TAYOR!)
MAHSING (8/11/2020) - A new horizonMAHSING completed Wave 4 @ 0.86, and its making its way for Wave 5, if moving within the parallel channel, could end up at around 1.87.
A good entry would be a breakout resistance 1.04, with support zone of 0.86-0.91, and Resistance of 1.26 (RRR 1:2), 1.44 (RRR 1:3.4)
Volume is still good, but not good enough to push it higher at the moment. Banker chip is > 50% - more rooms to grow.
The stock has competitive balance float (21% of 2402M shares), relatively compared to MYX:SPSETIA (10% of 4057M shares). Among institution holding the stock is PNB and Bank of Singapore. This proves the stock has good fundamental, and would result to a lighter price action. Source
Good sentiment and news would exponentially accelerates it - such as the report that MAHSING now is investing MYR150M into gloves production with annual capacity of 3.68 Billion pieces, commencing in April 2021 (Relatively TOPGLOV annual capacity is 85.5 Billion) Source
As of today, highest target price is by AmInvest which is 1.50 (16-Oct-2020) Source
TAYOR guys !
Disclaimer: I’m a newbie trader practicing my understanding. Please help to feedback if you see any room for improvement. Thanks everyone.
MAHSING - Weakness PersistsMAHSING
Rst: 0.965/ 1.03
Spp: 0.865
Weakness persists but quick technical rebound likely be casted soon from middle BB zone.
MAHSING false uptrend?HHHL
Y1> WHOG@1?
fibo hit up & down
even though it is a strong uptrend, there is NO power up.
both WHOG is at the upper floor too. second WHOG is at level 1 if ignore the long candle wick.
W&R; down. the chances of Mahsing breaking previous high is low.
no TP yet.
Is MAHSING going down?LT
HHHL + Y1> BHOG @ 1
fake strong downtrend
TP @ 0.055
ST
LLLH + Y1<Y2
got power down
BHOG @ 3
rolling stone if W&R; success
TP @ 0.580
Even though it is a fake strong downtrend in LT, there is no significant indicator that it will reverse up. Unless the W&R; bullish @ 0.630 succeed, or next wave make a HHHL.
BREAKOUT DTLHISTORY REPEAT ITSELF
- GOOD ENTRY AFTER RETRACEMENT
- BO SOLID MORUBOZU WITH 24 X DNV
- REBOUND 50 MA
MAHSING [17 October 2020] Buy On Resistant Zone Break OutMYX:MAHSING
SWING: 2 DAYS TO 2 WEEKS
Breakout Downtrend Line
52 Weeks High Line
Fibbonaci Retracement
Candlestick Support & Resistant Zone
Trendline Support & Resistant
LONG GAME MAHSINGBased on what i saw inside the chart, here is my conclusion based on "trade what u see"
1. Bearish harmonic pattern indicates that the price has the possibility to reach out the green line before doing the reversal price at the BLUE line.
This counter might be possible to enter for long. For those who prefer to TP short and made an EP below, congrates ! For those who wants to play long for MAHSING, you've gotta wait the price to retrace first before make an EP.
All the best traders ! TAYOR....
MAHSING WILL REBOUND IF PRICE MAINTAIN ABOVE 0.675MAHSING WILL REBOUND IF PRICE MAINTAIN ABOVE 0.675.
SEE PRICE ON THURSDAY (17.9.2020) FIRST BEFORE BUY IN
Mahsing, tomorrow must stand above 0.730or else 0.705 is your next support line.
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Disclaimer: I am not Investment guru. Every stock analysis are purely for my personal learning and practice purpose.
It is not for any buy or sell call to anyone. Everyone are responsible at your own trades.
