EASY123 Prediction @MYX NICELife is simple...Trade with Simplicity!
*Trend direction: UPTREND - Turn into Green background (Higher-High & Higher Low was observed)
*The price has breaks our lifeline RM0.045 (Redlin) resistance and turn it into support on 16-Jun.
*Bottom signal (Yellow-Diamond "BT" on 14-May) was sighted on our chart.
*White-Diamond appeared on 16-Jun, an indication of strong momentum acceleration.
*Turning points (Purple-candle) have appeared on 08-Jul, an indication of the price revert to upward direction.
*A Yellow-candle + Alert Bell have repeatedly triggered on the earlier uptrend zone, an indication of potential price rally to take-off.
Prediction: The price has broken up the immediate resistance RM0.05 aiming to the next level.
*Any pullback & support from the rally is the opportunity to ride on the rally.
Preference Strategy: Swing trading (Follow the BUY/SELL Signal respectively).
Target Price: R1=0.075-0.08, R2=0.10-0.11
Support/Cut Loss: S1=0.055-0.05-18 & S2=0.035-0.03
*Reminder TP & CL is an individual preference & decision. No fixed rule or guideline for it...Trade at your own risk.
Signal's Interpretation:
BUY Signal:-
*Green-Background = Indication of an Uptrend
*BT-Yellow-Diamond = Indication of Bottom signal.
*Green-Upward-Triangle = Indication of Hot-seller, potentially a Bottom signal.
*White-Diamond = Indication of a strong upward momentum accelerator.
*Purple-Candle = Indication of a strong turning point or a trend reversal.
*Yellow-Candle + Alert-Bell = Indication of Price take-off area.
SELL Signal:-
*Red-Background = Indication of a Downtrend.
*Red-Dot = Indication of Hot-buyer, potentially a Top signal.
*Blue-Candle = Indication of Price selling off area.
