Candlestick & Breakout Patterns
MMSV This Pattern Has Keep Showing Up For More Than Half A Dozen Since 2017 And It Is Here Again
Ming Jong Tey
Publish date: Wed, 26 Jul 2017, 06:02 PM
Ming Jong Tey
0 68
Understand the psychology behind the candlestick & breakout pattern will give you an edge to realize why the market does what it does and anticipate opportunities before they happen!
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MMSV (0113): Bullish
Pattern: Bullish Flag Breakout
Based on MMSV's daily chart above, MMSV broke the bullish flag pattern and formed a new high today. If you look at the chart above carefully, you might notice the flag pattern just keep repeating itself many times since 2017.
MMSV has been trending up nicely since this year and move in-tandem with PENTA, another multi-bagger which I first analyzed it here and updated subsequently. Since they are both test equipment makers and are benefiting from the strong boom of the semiconductor industry, the in sync movement is not unexpected.
Based on the flag projection, the immediate target price is 1.80. A trailing stop to ride the nice uptrend could be a good option.
I am bullish on MMSV as long as it is staying above 1.50.
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.
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Cheers,
Ming Jong
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Discussions
3 people like this. Showing 11 of 11 comments
@Frank Soweto Yes :) MMSV has been tracking PENTA nicely and started leading PENTA in July
2017-07-27 09:57
Thanks KC sifu for the the kind congrats. I'm just lucky. I did sell some that I bought very low as I think the valuation is rich n also this is a highly cyclical industry ( I laosai a few times when poor qtr results in the past LOL )but will let the remaining ride the trend as it seems to be on the upside based on better coming qtr result :)
U know I learn a lot from you thru the years and I appreciate your sharing always. Half the battle is won by not buying longkang shares :)
2017-07-28 04:03
@ Ming Thanks for the TA update sharing. It takes a lot of work and experience n am sure MMSV kakis will appreciate it :)
2017-07-28 04:05
mmsv already taking off with penta...axtually faster....mmsv pe near 20 now....still got room seeing it's impressive roe
2017-07-28 07:05
penta meanwhile I dunno why still stuck pe 17, perhaps ppl really don't like smart home solution and. HK listing...
2017-07-28 07:06
I am taken aback when mmsv start declaring div....growth stock...cash important....to give div is to lessen available cash for future exp.
2017-07-28 07:07
hehe...u should keep some also....if other tech stock huat...they will drag penta along
2017-07-28 18:36
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yes yes yes pls follow Pentastic :)
2017-07-27 04:30