EASY123 Prediction @MYX SPSETIA

Life is simple...Trade with Simplicity!

*The trend direction: Trend reversal from Down to Up. (Must not break the S1 to maintain the trend)
*The Bottom signal (White bar) sighted on 31-Oct.
*Price tested the lifeline (Redline) & close above today.
*The Bell alert appeared on 05-Nov &19-Dec, a signal continuation of momentum.
*The Star alert appeared on 10, 17-Dec, a signal of strong buying momentum.

Prediction: Watch out on Breakup for the rally to start.

Preference Strategy: Swing trading (Buy/Sell Signal)

Target Price: RM1.66-1.70
Cut Lost: If broke below S1 Support RM1.18.
*Reminder TP & CL is an individual preference & decision. No fix rule or guideline for it.

Commento:

SPSETIA: It only rallies to RM1.63 near to our target RM1.66 & cannot break the Pre-high RM1.63 Correction (ABC) was started 10-Jan & it has break the lifeline. Hence the trend has reversed to downtrend.
*Do Not catch any dropping knife"
We will do no action until it gives us the reversal signal.
Good luck & Happy trading!

Trade chiuso: obiettivo raggiunto:

SPSETIA: BREAK THE SUPPORT
It hit near to our TP RM1.63 but strong pullback and breaks below our critical support (Lifeline) & turn it into Resistance.
No buying momentum, we will not focus on this counter at this juncture.
Good luck & Happy trading!