MALAYSIA STEEL WORKS (KL)BHD
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EASY123 Prediction @MYX MASTEEL

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Life is simple...Trade with Simplicity!

*The trend direction: Uptrend. (Must not break the S2 to maintain the trend)
*The Bottom signal ( BT ) sighted on 03-Dec.
*Price tested the lifeline (Redline) & close above it on 09-Dec.
*The Bell alert appeared on 22-Nov, a signal continuation of momentum is coming.
*The Star alert appeared on 04-Dec, a signal of strong buying momentum.

Prediction: The immediate hot-chase (Red-dot, above the candle) will result in the correction/pullback to/nearby the lifeline (Red-line). Once completed the correction, will rally to next Resistance.

Preference Strategy: Swing trading (Follow the Buy/Sell Signal respectively.)

Target Price: Immediate RM0.44-0.48 & 0.55
Cut Loss: If broke below S2 Support RM0.345
*Reminder TP & CL is an individual preference & decision. No fix rule or guideline for it...Trade at your own risk.
Nota
Immediate TP RM0.46 achieved. A double-top candle pattern was observed. Correction may take place. The Swing trader may protect your profit as a priority.
Next move:
#1 If the next bar breaks the present high, it will continue the rally.
#2 After correction, continue eyeing for higher TP...Good luck.
Nota
MASTEEL: It has hit our target >RM0.48 & ended with the Double-Top with Pre-high RM0.525. It goes into the correction (ABC) & looking for support in the S1 region RM0.38-40
We will do no action until it gives us the reversal signal.
Good luck & Happy trading!
Dagangan aktif
MASTEEL: SUPPORTED & REBOUND
After it hit our TP, it pullback & support at S2 Bottom region. Now it has rebound & stands above the Lifeline.
It needs to break the interim resistance RM0.44 in order to reach the pre-high RM0.53.
Good luck & Happy trading!
Dagangan ditutup: sasaran tercapai

Penafian

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