MEXTER(#2), + 15% - Will it continue it's uprising?
Greetings to all.
Here is a follow up and update on the technical review on Mexter, made on 28th October.
1. Refer to the previous commentary on MEXTER (dated 28th Oct), the support was called at 0.455 after seeing a series of 4 days support above the price.
2. Finally Mexter has gained its momentum after a series of 6 days support at 0.455.
3. The price dipped a little but closed higher, came up from 0.445 to reach a high at 0.515, that's a gain of 15%.
4. I am positive on Mexter, judging its movement quite intact within the uptrend channel, however the Fibonacci key levels must be monitored closely.
5. Referring the Fibonacci key levels, 23.6% (0.49 = closing price today), 38.2% (0.455), 50% (0.43) and 61.8% (0.40) these are the support price levels to watch out for.
This sharing has been designed for informational and educational purposes only and does not constitute opinion of whether to buy or sell any security which may be referenced upon this sharing. The services and information provided through this site are for personal, non-commercial, educational use and display. There are substantial risks in stock trading and therefore all investors are advised to conduct their own independent research or seek professional investment advice into individual stocks before making a purchase decision. Cheers
Here is a follow up and update on the technical review on Mexter, made on 28th October.
1. Refer to the previous commentary on MEXTER (dated 28th Oct), the support was called at 0.455 after seeing a series of 4 days support above the price.
2. Finally Mexter has gained its momentum after a series of 6 days support at 0.455.
3. The price dipped a little but closed higher, came up from 0.445 to reach a high at 0.515, that's a gain of 15%.
4. I am positive on Mexter, judging its movement quite intact within the uptrend channel, however the Fibonacci key levels must be monitored closely.
5. Referring the Fibonacci key levels, 23.6% (0.49 = closing price today), 38.2% (0.455), 50% (0.43) and 61.8% (0.40) these are the support price levels to watch out for.
This sharing has been designed for informational and educational purposes only and does not constitute opinion of whether to buy or sell any security which may be referenced upon this sharing. The services and information provided through this site are for personal, non-commercial, educational use and display. There are substantial risks in stock trading and therefore all investors are advised to conduct their own independent research or seek professional investment advice into individual stocks before making a purchase decision. Cheers
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