Trading in a range between RM1.15 and RM1.25 over the past month
Updated
Looking at the chart of MYX:TOMEI and the Williams %R indicator, we can see that the stock has been trading in a range between RM1.15 and RM1.25 over the past month. The Williams %R indicator is currently showing the stock as being oversold, with a reading of -85. This suggests that the stock may be due for a bounce in the short-term.
In terms of volume, we can see that there was a spike in buying activity on the day that the stock rose by 1.7%. This is a positive sign, as it suggests that there may be some buying interest in the stock at these levels.
However, it is important to note that the stock has not made any significant gains over the past week, and is currently trading at the same level as it was seven days ago. This suggests that there may be some resistance at the RM1.25 level, and that the stock may need to break through this level in order to continue its upward trend.
Overall, based on the chart and the Williams %R indicator, it appears that MYX:TOMEI may be a good short-term trading opportunity, particularly if the stock can break through the RM1.25 resistance level. However, traders should be cautious and closely monitor the stock's price and volume movements, as well as any news or events that may impact the stock's performance.
In terms of volume, we can see that there was a spike in buying activity on the day that the stock rose by 1.7%. This is a positive sign, as it suggests that there may be some buying interest in the stock at these levels.
However, it is important to note that the stock has not made any significant gains over the past week, and is currently trading at the same level as it was seven days ago. This suggests that there may be some resistance at the RM1.25 level, and that the stock may need to break through this level in order to continue its upward trend.
Overall, based on the chart and the Williams %R indicator, it appears that MYX:TOMEI may be a good short-term trading opportunity, particularly if the stock can break through the RM1.25 resistance level. However, traders should be cautious and closely monitor the stock's price and volume movements, as well as any news or events that may impact the stock's performance.
Trade closed: target reached
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