MYEG trade ideas
Breaking the cloudIts breaking the kimono cloud, the two line crossed below the price.. strong movement of upward trend... another Supermx 2.0?
1- Philippine apps
2- Indonesia tax bill( added 30 new cities)
3-renewal plks
Next Qr shoot? Let’s see next week
MYEG, reaching Fibo 1.168 zoneAfter breakout the downtrend resistant line.....the show has just began.
<TradeVSA> Continuation Signal in Hourly Chart...MYEG & MYEG-C90Strength signal in the chart:
1. Mark-up stage
2. Green pentagon in hourly chart
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
13/5 MYEG (TECH SECTOR)Tech Company, tp provide test kit covid19
(Good Sentiment)
PE : 19.8 (Good)
ROE : 34.43 (Good)
Share : 3.6m (BERAT)
QR PROFIT (Good)
EP 1.35
SL 1.32
R1 1.37
R2 1.42
R3 1.54
R4 1.69
Target Prediction-Notion and MYEGEyeing target for Notion and MYEG at around 1.39-1.40 each. This week or untill next week. Tomorrow might see a little consolidation/down before it start to climb. However wait for confirmation signal, and if it show earlier down signal - exit.
MYEG - Breaking out the down trendline?After a few trial of breaking the down trendline, can this time success? Or bending downtrend again?
Why not just wait for more confirmation? No hurry as market is volatile now.
My Noob Prediction & Strategy for MYEG1. We can see that MYEG is on a uptrend since 23 23March 2020, and currently it is maintaining above the uptrend which I treat it as indicator of non trend reversal indication within 6 month period
2. From 16 April price, I decided to draw another specific trend line which adapted to most recent price action, and we can see it is maintaining above the uptrend line
3. Currently the price is in pullback phase, which i believe it will find its way to the nearest [previous support at 1.15
4. I Planned to buy at 1.15, and hope that it will challenge the previous resistance at 1.22
5. If it manage to show ability to penetrate to 1.22, I will hold and wait for further sell signal
6. if it fail to penetrate, I will be selling at what ever price it offer next day
7. If this prediction goes right, this strategy could help you harvest 6%
MYEG - End of Technical ReboundMYEG
Rst: 1.23
Spp: 1.12
Shooting star candle emerged from MA200 and upper BB with RSI bearish divergence signal marks the end of technical rebound.
MYEGBerikutan penularan COVID-19, FBMKLCI telah masuk fasa bearish, namun sehingga kini index menunjukkan signal reversal, kalau anda lihat closed market terakhir pada 20th March 2020. Chart double bottom terbentuk, jika benar ini masa terbaik untuk mula entry di kaunter MYEG. Level CUTLOSS apabila bocor strong support level yang saya nyatakan di chart. Semoga kita profit.
Look for buy set upMarket in range, however 0.765 prove to be strong support.
Two way to trade such situation.
1.Look for buy set up 0.765 (strong support), ideal after false breakout
2.Wait for market to break the range and retest 1.7 and go for long
what we are sharing is only our point of view on what could be the next move in the market and not signal. Please make your own analysis before follow us. Trade with care
MYEG - Failed Double Bottom MYEG - May have risk to breakdown from formidable support level at 0.785 after the stock fails to sustain its double bottom spike.
MYEG - 8 kupang ja..Tunggu jerung ngap..Stok kegemaran ramai MYEG berada di kawasan sokongan yang sangat jelas.sudah 2 kali melantun di kawasan yang sama sebelum ini.
MYEG - stimulus on 17 Feb1. Company’s successful expansion in Indonesia and its bright prospects for two government contracts at home.
2. Both contracts are expected to be announced in the first quarter
MYEG——Where is the next profit zone? Thank you for your continued support :)
Strategy: Price Volume Analysis
Bias: Bullish .
Myeg, breakout with volume was spotted today. IDSS players forced to buy up around 4.00P.M., pushing the stock to a high price of RM1.37. The momentum is huge and potentially provides further buy in opportunities for a short term profit.
R: 1.36, 1.40
S: 1.30, 1.27
MYEG - Can Rebound In Technical Indicators Continue to Drive It?Recap our earlier message for those who want to contra, MYEG has hit forecasted resistance at 1.23 today, good to consider exit. Indicators are turning bullish following these few days price recovery, but careful stock in bearish trend will easy to deteriorate recovering indicators.
MYEGMyeg might go into sideway ~
advise to wait and buy at 0.96-0.86 demand zone
*purely technical analysis, for education purpose only*
