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Texchem Resources Bhd.Texchem Resources Bhd.Texchem Resources Bhd.

Texchem Resources Bhd.

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TEXCHEM - waiting to fish 🐟?Price still submerged inside the water (EMA line). Don't catch red. Wait it finish the correction. Patiently wait for the reverse signal. Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein.
MYX:TEXCHEMShort
by DSELE99
TEXCHEM (12/11/2020) on weaknessIn the past 91 days, this stock has undergone huge selling pressure and down by -46%, and now is on Corrective Wave C to find a new lower low. With Stochastic in overbought zone, the stock could continue in downtrend to find a new support around 0.618 level (0.600). A strong support is at 0.565. A good entry would be to wait for the downtrend line breakout and a reversal pattern near support zone (fibo level 0.618), and Stochastic to start entering 20+ region. The stock is Non Syariah (NS), so won’t be suitable for Syariah trader. TAYOR
MYX:TEXCHEMShort
by sothye