MYEG trade ideas
Moving Sideways With MACD below centrelineThe support and resistance level of MYEG are 1.35 and 1.44 respectively.
It is observed the MACD line of MYEG is below the centreline indicating some degree of weakness in the price movement
Resistance 1 : 1.53 (8.86%)
Resistance 2 : 1.57
Support 1 : 1.35 (-4.33%)
Support 2 : 1.3
MYEG - End of Double Tops & Potential Retest of NecklinePlease consider your own interpretation of Opportunity & Risk:
Green Arrow (Transparency = 0) = Representing Opportunity
Red Arrow (Transparency = 0) = Representing Risk
Green Arrow (Transparency = 30%) = Representing Alternate View for Opportunity, or less probable outcomes
Red Arrow (Transparency = 30%) = Representing Alternate View for Risk, or less probable outcomes
NO BUY CALLS OR INVESTMENT ADVISED ARE PROVIDED.
DISCLAIMER: This analysis is for educational and informational purposes only. It is based on my personal view in the market from a technical standpoint. None of information posted in this page can be used as investment decisions except for educational purpose only. Do not trade solely on the information posted in this page. Trade at your own risk and judgement. A trader could potentially lose all money. Only risk capital that can be lost without jeopardizing ones financial security of lifestyle. Please seek licensed professional guidance if you plan to invest your capital seriously.
PENAFIAN: Analysis ini hanyalah untuk tujuan pembelajaran & pendidikan sahaja dan bukan cadangan untuk membeli atau menjual stok atau apa jua jenis instrumen kewangan. Anda dinasihatkan untuk menghubungi remieser / dealer / bank pelaburan yang mempunyai lesen atau kelayakan yang sah untuk bertanyakan pendapat dan menguruskan pelaburan anda. Pelaburan dan perdagangan mempunyai risiko tinggi, dan ianya adalah Risiko Anda Sendiri.
Training 6/8/2020 - MYEGAny input @ feedback for me to improves in drawing the chart and writing down my trading plan is really appreciated. Btw, be nice please.. Thank you and have a great trading
MYEG Uptrend Confirmation?If next trading day show a small or big green candle with volume greater than today, a Uptrend may firm from Support Confirmation.
Today volume is small and able to Buy Up due to less Seller after the "Long Wash"
MYEG Buy because price near to SMA50. Volume profile also high. CL if price break MA with more than average volume.
MYEG - Corrective Move "In Service" - Before A Long PositionDISCLAIMER: This analysis is for educational and informational purposes only. It is a video to share my knowledge and personal experience in technical trading. None of information posted in this video can be used as investment decisions except for educational purpose only. Do not trade solely on the information posted in this video. Trade at your own risk and judgement. A trader could potentially lose all money. Only risk capital that can be lost without jeopardizing ones financial security of lifestyle. Please seek licensed professional guidances if you plan to invest your capital seriously.
PENAFIAN: Analisis ini hanyalah untuk tujuan pembelajaran & pendidikan sahaja dan bukan cadangan untuk membeli atau menjual stok atau apa jua jenis instrumen kewangan. Anda dinasihatkan untuk menghubungi remieser / dealer / bank pelaburan yang mempunyai lesen atau kelayakan yang sah untuk bertanyakan pendapat dan menguruskan pelaburan anda. Pelaburan dan perdagangan mempunyai risiko tinggi, dan ianya adalah Risiko Anda Sendiri.
this is time to try.....after study ... i think this stock will fly coming period.... but i have no enough money to go in yet...
MYEG: BUY @ PULLBACK TO BREAK THE RESISTANT POINTMYEG already testing the resistant point for a few times. For now, I think MYEG will retrace first or do some pullback @ FIBO level 0.382 before it will go higher to test R1 @ 1.57 and R2 @1.70 in the midterm.
Lack of energy to break throughIt was unable to break through the downtrend upper channel. High chances would retrace in the short term to the nearest support. But aware that MYX:MYEG would possibly get two projects award which is PLKS and ISS by the government in July.
MYEG - next stop 1.60?MYX:MYEG just broke 1.53 20W high, will it continue to break another resistance at 1.59 or 1.60?
What's the thing that move price? One of it is S5 acquisition and this thing is expected to strengthen MYEG as gov service provider in immigration solution.
MyEG looks Cheap but...I have many reason not to buy MyEG.....
1. Big GAP still not filled
2. Resisted by Trendline.
3. Bearish Divergence. Price HH but FiFT Lower High (Retailer is pushing)
4. Recent gap down not filled.
5. Fast Turtle Sell
6. OB & -eve FiFT
Break below 1.2 will confirm Head and Shoulder pattern and expose 0.95-1.00 target.
The only+ve point for MyEG is the price is above EMA200/EMA50 and EMA20.
I will only consider MyEG if breaks above Trendline (#2)
Longest bull candle ahead?macd above zero rising with increasing volume and buying power.. Rsi also rising, price suspended well above kumo cloud with conversion point below the price. last week volume and buying power showed a lot of fund buying this stock. Myeg are getting benefit in covid 19 situation and upcoming contract LPKS and NIISE.
IMpression : Strong Bullish just passed breakout point!
TP to RM2.500
