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Hengyuan Refining Company Bhd

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KLSE: HengYuan; 4324Today, I want to talk about MYX:4324 According to the chart, we can see that there's small accumulation phrase after the big downtrend (with build up) signifies that the big boys are accumulation the shares. After the accumulation phrase, it broke out bullish and form a descending triangle and broke back down to the support of the accumulation phrase. This shows the basic textbook "resistance turns support" as the price comes back to retest the previous broke out resistance and jump from it. Will play close attention at this point and will see if the price holds or not. Will cut lost if the price broke below support @RM5.13
MYX:HENGYUANLong
by UnknownUnicorn1629946
1
HENGYUAN - Where Is It Going?Laburlah's Daily Complimentary (08-MAR, Thursday): HENGYUAN Technical Analysis Breakdown 1. Trend: Bearish, bounced back from support level 2. RSI: Bearish 3. Stochastic: Bullish crossover 4. Support level: Fibo 61.8% or 8.38 5. Opportunity: Crucial support tested Our free community: t.me Fund your support to keep us running: www.laburlah.com Disclaimer: The abovementioned is purely for sharing purpose, you should seek advice from relevant personnel and do your own analysis before making your move.
MYX:HENGYUANLong
by HTB_Club