Based on MAYBANK's weekly chart above, we notice a double bottom formed in 2 years and last month MAYBANK broke out the neckline with strong volume.
The projected target prices based on the pattern are 9.38, 9.82 and 10.5.
From MAYBANK's daily chart above, after it broke out the neckline, the price has been consolidating in a rectangle and move up nicely. Now, MAYBANK seems to be ripe for picking up the bullish momentum to step into the uncharted territory after 2 weeks of consolidation.
I am bullish on MAYBANK when it stays above 8.50.
Leave me a comment below and let me know what you think. If you have any queries or want to share the next big stock with me, feel free to contact me via my email or FB page below.
How to determine the "bullishness" of the patterns- https://www.facebook.com/BursaSGXcandlestick/videos/378260995905662/
The Trade Management Technique You Need To Know - http://klse.i3investor.com/blogs/candlestick/114496.jsp
Best Way To Learn To Trade Without A Mentor - http://klse.i3investor.com/blogs/candlestick/113821.jsp
Entry Setup Illustration - http://klse.i3investor.com/blogs/candlestick/113605.jsp
Stop Loss & Safe Trading - http://klse.i3investor.com/blogs/candlestick/113510.jsp
Ultimate Guide For Position Sizing - http://klse.i3investor.com/blogs/candlestick/113061.jsp
Come Up With Trading Ideas & Turn Them Into Investing Ideas - http://klse.i3investor.com/blogs/candlestick/114110.jsp
Cheers,
Ming Jong
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Created by Ming Jong Tey | Jun 29, 2017
Created by Ming Jong Tey | May 25, 2017
Created by Ming Jong Tey | May 21, 2017
apprentice, Maybe not 70 but 60 is visible when Mayban touch 9.50 when near expiry.
2017-04-21 11:01
Blacksails
Buy Maybank-C24 before it went to 70 when it's still discount @30 Potential loss 10, potential gain 40. Do your own risk calculation. Buy at your own risk.
2017-04-04 23:42