it has drop near support RM 0.100
and might rebound to it previous resistance RM0.130
RRR is nice = 2.
and stoch RSI at oversold.
but this counter is penny, be careful.
Resistance 1 = RM 0.350
Resistance 1 = RM 0.325
entry point = RM 0.300
support = RM 0.275
RRR = 1.14 (not so beautiful)
already touch MA 20 and MA10.
stoch RSI still at oversold.
nicely close today.
#jun20
risk reward ratio (RRR) is not very nice, because risk is higher than target profit.
Entry Point - RM 0.220
Take profit - RM 0.240
Cut loss - RM 0.195
when calculated : RRR = 0.8
p/s: this counter also penny, price below RM 0.30.. which is high risk..
#jun20
MINETEC has reach RM 0.330 in year 2014 (which will be resistance), that it need to break before get new high in 5 years..
but it need firstly break blue triangle and R1 at RM 0.290..
if target R1, RRR = 1.5
stoch. RSI still oversold and accumulate mementum..
#jun20
this counter need to breakout Resistance RM4.000 and MA 200..
in order to get to next resistance RM4.200..
RRR to first resistance only 1..
but if extend to next Resistance, the RRR will be more nice.
stoch RSI still in oversold and could have momentum to break the resistance mention above.
p/s: this counter a bit expensive :)
#jun20
MSC sideway between resistance 1 (RM 0.730) and support (RM 0.695).
likely will take some time to reach Resistance 2 (RM 0.765)
stoch. RSI oversold, so it has momentum to resistance.
Risk reward ratio not so nice, only 1.
p/s: not so active counter
#jun20
