No need to waste your money lah, just keep buying MMODE will do, then you will realize that money start flying into your pocket from time to time, day to day & year to year. Happy Trading...
M-Mode (MMB MK) Take Profit. Technical SELL with +9.6% potential downside Last price : RM0.74 Target Price : RM0.72, RM0.675 Resistance : RM0.79 Stop-loss: RM0.795 SELL with a target price of RM0.675 with stoploss at above RM0.795. Since our BUY call on 14 May 14 at RM0.61, MMB has hit our target of RM0.75 earlier, based on an “inverted head and shoulder” projection. However, last Friday’s closing at below the 10-day SMA on a higher trading volume signals intensifying selling pressure. With both the MACD and the stochastics flashing a bearish crossover signifying weaker momentum, we expect share price to fall in the near term. MMB could find the next support at 38.2% Fibonacci retracement level of RM0.675. Timeframe: 1-week to 1-month
haha...it is unlikely can go below 0.70...it rebounded after touching 0.73 and can make conclusion that the share price draws support from MA 20...buying opportunity between 0.70-0.74
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Alex Chan
3,915 posts
Posted by Alex Chan > 2014-07-02 10:28 | Report Abuse
BREAKOUT