Stevent Hee

MYEG 7 APRIL 2018 TECHNICAL OUTLOOK

StallionInvestment
Publish date: Sat, 07 Apr 2018, 04:51 PM
My picks will be based on both Fundamental (Minor) and Technical Analysis (Major)

Having experience in the financial industry, we still hope that readers would trade at their on risk and look in your own risk appetite before trading.

Happy Trading!


 

After my last year end post of MYEG for election play, I been quiet for some time for not posting at i3investor. 

Let look at MYEG chart, I do notice it if start from the low at 1.15 ( 15 July 2016) and rally all the way to 2.37. If we would to replicate this uptrend on the pullback phase which we can see the start of the trend at from 1.89 to 3.12 ( Projected Target Price ) but actual price only hit 3.03 (Actual Price) at 30 Mar 2018. Then we assume similiar pull back trend will be happened in the future then the target support price should be peg at 2.58. Let see will it reach this level in the nearest time. 

Disclaimer : Above is merely my personal opinion base on technical reading. Trade at your own risk. Kindly consult your dealer/ remisier for any investment decision

 

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