FAtTA Value Growth Income Investing
[FAtTA （发达）] Stocks To Watch on 5/8/2016 - MYCRON (5087) & WONG (7050)
MYCRON Daily Chart
MYCRON (5087) made a 1 good full bar with 1 good volume in the latest session and this stock was traded above the triangle pattern since 2/8/2016.
In addition, the highlighted oval shape is the previous consolidation phase since end of March provides a very strong support for MYCRON as this can be proved by the recent movement of this stock where the lower price for each day was getting higher and higher.
However, the next target levels, in which the Fibonacci Retracement levels of 50% and 61.8% are the levels that MYCRON need to break thru in order for the bull to gaining momentum to push the price move higher.
WONG Daily Chart
WONG (7050) made a decisive breakout of strong resistance of MYR0.610 in the latest session with higher than average traded with supported of uptrend line.
Foresee WONG will climb higher to test the MYR0.65 level.
Good luck and happy trading!
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