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Pharma Triple Top PatternPharma, a company engange in research and developing medical drug and devices was a darling in pharmaceutical in Malaysia. Recently, it had been hit hard with expired vaccine and the obsolete of PPE, needles etc (for Covid 19 use) impairment which was not utilised by the MOF. The recovery of its share price had been distorted as they are facing some dispute issue with MOF regarding ventiltor urgent supply which was claimed as malfunction. On chart pattern wise, a triple top pattern had been formed which is a bearish signal. The RSI is also showing the reading at 70.97% which can be consider near to overbought. But if it could close above 0.450 before it retouch 0.370 than the triple top pattern will be cancelled out. In summary, 1) if it cannot break and close at 0.450 or above, the triple top pattern play out. It may drop to TP1: 0.350, TP2: 0.325 2) if it close at 0.450 or above, the bearish pattern shall be cancel. It may rally to 0.515 to close gap. Disclaimer: This is not a Buy / Sell call. This material is for learning purposes only. Consult your financial advisor and trade at your own risk.
MYX:PHARMAShort
by K_S_AbdHamid
2
SWIFT, near support?>> Price at bottom of Parallel Channel, possible rebound? Once broken the channel will look uglier. >> 0.595 the nearest resistance. >> OS counter, some traders like to trade bottom. On the contradict, I trade another way. If you ask a trader - the question I will ask is this, assuming I do not have positions yet, and at this price point, will I buy in? If the answer is no, I will sell.... But that's a trader... Maybe you should also ask yourself, how much do you and other like or patronize their business? Disclaimer : Please be informed that all stocks pick are solely for education and discussion purpose; it is neither a trading advice nor an invitation to trade. For trading advice, please speak to your remisier or dealer representative.
MYX:SWIFT
by DSELE99
BPURI, near to support area>> 0.065 as support, once broken will be uglier. >> 0.075 nearest resistance. >> Currently still pullback. Buy and sell so you can sleep better at night. But if you lose your sleep after you buy or sell. Then have to evaluate why you buy or sell....🤔 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.
MYX:BPURI
by DSELE99
Dialog, need to push harder.>> still downtrend at this moment. >> 1.71 as support. >> Has to break the bottom parallel channel if want to FIFO. >> RSI still OS. Might need to wait for operators to push up price. Failure will continue the downtrend route. When the market moves where, and how, and if - these are all unknown. The only thing which we can control is our risk. Focus on risk management! Keep the long term vision. 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.
MYX:DIALOG
by DSELE99
MERSEC, still downtrend?>> still under blue cloud, which I only will monitoring. >> Stochastic is OB. Might pullback. >> RSI at OS level, wait it find the firm base first. Just monitor for potential trade, with proper EP signal. 🐂 In bull runs, optimism lead us to believe that trees can grow to the sky. 🐻 In bear markets, pessimism lead us to believe that many things could go to zero. 💰 The key to successful investing is to remain Zen during both periods. 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.
MYX:MERSEC
by DSELE99
YTL Power, Nvidia, Tesla momentum indicators"The Monday, April 8, 2024, total solar eclipse will cross North America, passing over Mexico, the United States, and Canada. The total solar eclipse will begin over the South Pacific Ocean. Weather permitting, the first location in continental North America that will experience totality is Mexico’s Pacific coast at around 11:07 a.m. PDT." (source: science.nasa.gov) Chinese Myth of Solar Eclipses: In some ancient Chinese myths, a total solar eclipse was seen as a negative omen, potentially bringing misfortune. However, it's crucial to understand this as a cultural belief and not a scientifically proven phenomenon. A total solar eclipse will indeed occur on April 8, 2024, with its path traversing parts of North America. Scientifically, eclipses are natural astronomical events caused by the alignment of celestial bodies, and they have no inherent impact on human affairs or fortune.
MYX:YTLPOWR
by Yang358