Naked Chart Trading: LBS 19 Jun 2024
$LBS(5789.MY$ had been suspended for trading for one market day, with effect from 9.00 a.m. to 5.00 p.m. on 19 June 2024, pending the release of a material announcement.
Good news or bad news? Judge by the lately price performance, I would think high chance to be a good news, again will the price to be like sell on news or continue rally?
$LBS(5789.MY$ Daily Chart
Long term trend: Sideway to higher, testing breakout 2018 high
Short term trend: More to bullish since pandemic low, with higher highs & lows, and more green candlesticks. Double bottom bullish breakout in Jun 2024 above RM0.750
Fibo Analysis (Jun 2024 bull wave): correction stay above 61.8%, trend remains healthy but watch out for potential correction below RM0.840
Resistance: RM1, RM1.05, RM1.10, RM1.20
Support: RM0.840, RM0.800, RM0.760, RM0.720
Disclaimer
This content is for reference only and does not constitute any investment advice, and past performance is not indicative of future performance. Returns will vary, and all investments carry risks, including loss of principal. Please make your own investment decisions.
This content is for reference only and does not constitute any investment advice, and past performance is not indicative of future performance. Returns will vary, and all investments carry risks, including loss of principal. Please make your own investment decisions.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
Moomoo Malaysia Head of Dealing
Trading is a mirror that reflects everything about myself
交易就是一面反映自身一切的镜子
3135Followers
63Following
4569Visitors
Follow