$MFLOUR (3662.MY)$ 1. The EMA20 is below the EMA50, signalin...

Blitz Trading wrote a post · Sep 18, 2024 20:19

1. The EMA20 is below the EMA50, signaling a downtrend, represented by a gray cloud.

2. Today’s close occurred near the EMA240 with high volume around the average price level, indicating potential reversal like before

3. The VPOC (Volume Point of Control) remains at a lower level, suggesting that the price may move downward toward it if breaks EMA240, with additional support around the blue zone.

$MFLOUR (3662.MY)$ 1. The EMA20 is below the EMA50, signaling a downtrend, represented by a gray cloud. 2. Today’s close occurred near the EMA240 with high volu...

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Market trends and conditions can change rapidly, and it is recommended to conduct your own research or consult with a financial advisor before making any investment decisions. Past performance does not guarantee future results.

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