Panjang
MOF breaking higher as anticipated
The MOF did indeed break out north as was suggested by the technicals.
Having hit resistance from several weeks ago, price has stalled and appears to be now waiting for the 200 EMA to catch up.
I expect price to drift sideways for several days now and when the 200 EMA is met then we could see price use the 200 as a springboard to break the resistance and move higher.
The picture remains BULLISH and MOF still represents very good value at these levels.
Having hit resistance from several weeks ago, price has stalled and appears to be now waiting for the 200 EMA to catch up.
I expect price to drift sideways for several days now and when the 200 EMA is met then we could see price use the 200 as a springboard to break the resistance and move higher.
The picture remains BULLISH and MOF still represents very good value at these levels.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.