MYX:SMCAP   SINMAH CAPITAL BERHAD
SMCAP

Current Price: 0.450
Support: 0.405/0.410
Next Resistance: 0.475
Chart Pattern: Falling wedge (Reversal)

Moving Average: MA5 < MA20 ( Bearish )

Huraian Lanjut:
- SMCAP cuba menembusi support di paras 0.405/0.410 beberapa kali sebelum ini namun gagal.
- Harga semasa telah memecahkan trendline sedia ada (di mana minor trend adalah Downtrend).
- Indikator MACD semakin menghampiri ke arah +ve.
- Mampukah SMCAP meneruskan kenaikkan?

**Disclaimer: Perkongsian ini hanya untuk tujuan pembelajaran sahaja. Semoga bermanfaat.

Komen

saya rasa its more to decending triangle. plus popular opinion states that a trendline is drawn from the tip of the tail / shadow to another forming therefore a trendline. (refer ro technical analysis of the financial market by john j murphy)

the drawing is contrary to the popular opinion. wedge 1- 3 weeks timeframe. triangle pattern takes around 1-3 months.
Balas