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Naked Chart Trading: MYEG 12 Jun 2024

$MYEG(0138.MY)$ retest Nov 2021 high, Can it go further to historical high (Mar 2018) level?
$MYEG(0138.MY)$ Weekly Chart
Naked Chart Trading: MYEG 12 Jun 2024
Long term trend: Sideway and testing rebound
Short term trend: Testing breakout from sideway, beware of overbought correction, close above RM1.13 to trigger more upside
Fibo Analysis (Mar 2018 high to Jun 2018 low): Sustain above 61.8%, high potential to retest around RM1.45 level
Resistance: RM1.15, RM1.45
Support: RM1, RM0.970, RM0.880, RM0.750
Expect to stay above RM0.880 for now
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.
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    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
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