MYCRON Daily Chart
MYCRON (5087) made a 1 good full bar with 1 good volume in the latest session and this stock was traded above the triangle pattern since 2/8/2016.
In addition, the highlighted oval shape is the previous consolidation phase since end of March provides a very strong support for MYCRON as this can be proved by the recent movement of this stock where the lower price for each day was getting higher and higher.
However, the next target levels, in which the Fibonacci Retracement levels of 50% and 61.8% are the levels that MYCRON need to break thru in order for the bull to gaining momentum to push the price move higher.
WONG Daily Chart
WONG (7050) made a decisive breakout of strong resistance of MYR0.610 in the latest session with higher than average traded with supported of uptrend line.
Foresee WONG will climb higher to test the MYR0.65 level.
Good luck and happy trading!
All posts and documents submitted in this blog are solely for open discussion and education purposes only. All recommendations and opinion provided are solely for your consideration only and you should exercise your own judgment in forming your own investment decision(s). Please also be informed that equity investment is risky and we recommend you to conduct sufficient searches for information in addition to referring our recommendations and/or opinion herein, prior to making an investment decision.
You should take full responsibility of your investment decision(s) and we accept no liability whatsoever for any direct or consequential loss arising from any use of our recommendations and/or opinion provided herein or any solicitations of an offer to buy or sell any securities. Comments and opinions forwarded/provided by members/followers of this blog do not belong to the Admin and we take no responsibility of such.
Share on Facebook