MIECO trade ideas
Trading Idea MIECO (26/02/2021) Trading Idea MIECO (26/02/2021)
- Buy on dip and ride the bullish trend (above EMA50)
- Target and stoploss as drawn
Disclaimer: This trading idea is strictly intended for informational purposes only so please do your own analysis before making any investment decision.
MIECO 06 FEB 2021Daily Chart
Current price 0.91
Price sideway since 31 dec
Price near resistance 0.93
52w high 0.94
In order to break 52w price movement should be accompanied by volume
Price is above MA20
1hr Chart
Price BO short term trend and form HH and HL and BO previous H 0.9
Volume increase in direction of price increase
RSI above 75%, Expect minor retrace before entry
MIECO: POSSIBLE TP 1.04?MIECO is on really nice uptrend move. In price action, we called it to rally based rally move. I think MIECO will be retraced first to give you a chance to buy@ low price (price range within the highlighted box). Possible TP will be @ the best price @ FIBO 1:1 @ RM1.04 !.
TAYOR!
STOCK REVIEW : MIECO CHIPBOARD BHD (5001)INTRADAY ANALYSIS
Two times rejection? possibility change the trends? We will see, if they break through support zone S1 & S2. It means, the continue bearish trend. But if they do rejection at this zone. It's time to BUY this stock.
Analysis from Ghibli & Co. Hedge Fund Capital (Malaysia).
Any inquiries about investment/analysis please contact us ghiblico.my@gmail.com
