Naked Chart Trading: MESB 26 Jun 2024
$MESB (7234.MY)$ retest key resistance level
MESB started a bull wave since its low in Mar 2024, which recorded more than 50% gain within 4 months, can it go back to 2017 high of around RM0.915?
$MESB (7234.MY)$ Weekly Chart
Long term trend: Sideway
Short term trend: Sideway and testing rebound to break sideway high
Fibo Analysis (Oct 2017 high to Mar 2020 low): Testing 61.8% key fibo level, close above RM0.645 to trigger sideway breakout bullish signal, potential to test RM0.915
Resistance: RM0.645, RM0.715, RM0.915
Support: RM0.540 (close below this level to go back to sideway range), RM0.400
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: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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