mingjong

VS - Potential SOS rally in phase D with supply absorption

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mingjong 已更新   
MYX:VS   V.S INDUSTRY BHD
VS

  • An up-sloping accumulation structure suggests strength.
  • Potential in phase D SOS rally.
  • Supply absorption is near completion.
  • Likely to see ease of movement to rally up further in phase E.
  • First target at 1.60 with a tight stop around 1.20.

交易开始:
First round rally started. Supply level is low. Steady up-trend is expected to continue.
评论:
Big spread bearish bar on 1 Oct 2019 had the character of Effort > with Result<, with a higher low formed, bullish characteristics. Mark up stage is pending.
评论:
- Supply level is low.
- Pending quality demand to initiate breakout in near term.
- Expect ease of movement to rally up.

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