MBSB trade ideas
MBSB May 2024 : first candle expansion after consolidation
pre breakout :
- price and volume contraction
on breakout :
- price and volume expansion
breakout points :
- base breakout
- 10 weeks EMA breakout
MBSB May 2024 : first candle expansion after consolidation
pre breakout :
- price and volume contraction
on breakout :
- price and volume expansion
breakout points :
- base breakout
- 10 weeks EMA breakout
MBSB : breakout cup and handle & 10 weeks moving average
breakout from Cup and Handle Chart pattern
beakout from 10 weeks moving average line
Time Cycle Analysis: MBSBTime Cycle Analysis: MBSB NTA 1.19 MYR, above 0.7 MYR is bullish, below 0.7 MYR is bearish. Key dates to watch are 10 May 2024 (0.71 MYR) and 22 Oct 2024 (0.77 MYR).
MBSB. AlgoSignal reveals potential uptrendSeveral indicators within my algorithmic system are signaling a potential uptrend. These include:
- Increased volume: Activity is picking up, suggesting growing interest and potential momentum.
- Mid- to long-term uptrend: Both the 50-day and 150-day exponential moving averages are pointing upward, indicating a sustained positive trajectory.
These factors collectively point towards the possibility of an upward movement in the near future
MBSB>> stochastic OB but price still unable to breakthrough. Hence, be careful of pullback.
>> If continue the rally, possible for it to break, 760?
>> So far nothing special for this counter. won't be big gain ATM.
Let see....
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein.
VCP formationOn a side note, we can notice VCP formation on Daily timeframe for MBSB. Good signal for bullish confirmation.
Next big rally like Cypark?Familiar pattern with increasing HL similar to Cypark and Toyoven before big rally. TAYOR.
MBSB ( Ready for new rally? )- Breakout Triangle after consolidation around 8 months
- Volume profile as support
- Tightening trading range upon breakout (Low risk entry with tight stop)
Disclaimer:
For discussion and sharing purpose only. NOT entry recommendation. Trade at your own risk.
#TAYOR
MBSBOpen position: 0.51
Close position: 0.56/0.57
Cutloss if break trendline
#BuyOnDip #DeepagiScreener #TAYOR
Pre-breakout on MBSBA lower timeframe entry confirmation is required to consider an early entry. Stoploss below weekly support.
MBSB ROUNDING BOTTOM ?MYX:MBSB
CHART PATTERN: ROUNDING BOTTOM
TURTLE RIBBON TURN GREEN MEAN UPTREND ALREADY
SLOW TURTLE BUY ON BREAKOUT
FIFT SPIKE +VE
ATOM BUY
MCDX+ BANKER 25%
VOLUME KEEP INCREASING & BULL STARTING GAINING CONTROL.
To learn Turtle Trading System Contact me
MBSB ROUNDING BOTTOM ?CHART PATTERN: ROUNDING BOTTOM
TURTLE RIBBON TURN GREEN MEAN UPTREND ALREADY
SLOW TURTLE BUY ON BREAKOUT
FIFT SPIKE +VE
ATOM BUY
VOLUME KEEP INCREASEING, BULL STARTING GAINING CONTROL
MBSB 1hr chart, price try to break up MA200
(Disclaimer: for demonstrate own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk)
Short Term BullishThere was a significant breach above downtrend line from Feb 2018, pulled back from the resistance in June 2020, however made a return move above the downtrend line, closed with a Bullish Engulfing candle yesterday. If it manages to close above 0.77, the doors will be open towards the 1.618 Fibo level at 0.955. On the flipside, if it drops below 0.57 it may fall lower to previous support at 0.48.
Disclaimer: Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment base on your own personal circumstances. The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
MBSB entry on reboundMBSB fall to previous support resistance.
It still on an uptrend, and near bottom of the uptrend tunnel.
Momentum appeared divergence, decreasing selling pressure.
With 4.55% DY.
Is a good counter to hold on a mid-long term.
MBSB - RecoveryMBSB retraced to support line nearby FIBO Retracement (50.0%) and formed Bullish Harami today. Overall it's still on the uptrend line and the RRR is acceptable. Recovery counter required patience to gain for big profit.
Trend AnalysisIn the analysis of Fibonacci landscape, the most important level to monitor actually is the 50% line and yet it is the most overlooked one. Just like any sport game, the middle of the playing field normally is the first line of defense and an indication that which side is controlling the game. If it is trading above the middle line we could technically view it as bullish and below as bearish .
