MCEHLDG, Uptrend based on AlgoSignal StrategyThe current point exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
MCEHLDG trade ideas
BO near ATHMCEHLDG 7004 - Pure TA POV
Great moves towards rechallenging ATH
Curently BO 3 months high, forming a retracement to recent RBS
If it keep on this good momentum, then we will see this BO continue
TAYOR 3-5% risk
Manage risk first, entry at the most confluence area
If it hit CL, cont to monitor, look for reentry
If it keeps on breaking structure, move to another stock
MCE Holding - Forming a cup and handle -something is brewing ?
if succesfully break 1.81, eyeing 2.10 next
So, finally the new entrance of strategic investor materialised as explained in the recently interview in BFM.
bfm.com.my
The MD disposed about 17.43% @2.50 per share to this new strategic investor and maintained a 3.08% of share to observe the partnership of new strategic investor. Certainly, a big plan is on the card.
Apart from supplying autoparts to Perodua, the MoU with MARii indicate that the company is ambitious to tap into EV markets leveraging on its current capabilities in the sensors and auto-camera segment.
www.reuters.com
Stay watching for more updates
** Please note that this is not a buy/sell recommendation.
** The shares float is rather small so trade at your own risk. Buy on dip preferred.
#MCEHLDG Resting before going further?- Breakout at previous Triangle Pattern was a success with presence of high volume.
- TP 1.44 is achieved if followed triangle pattern breakout TP
- now the price is resting before going up further.
- uptrend line can act as support. but HH HL not very cun lol
- Sangat ringan. only 48mil shares
* Feel free to comment. Sorry for any mistakes.
