MFCB entering Declining Stage, Observe for future entry

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MFCB Stock Analysis

First I always look at the chart first, identify which market structure we are in?

There is 4 stages in the market, Accumulation stage, Advancing Stage, Distribution Stage & Declining Stage.

Personally, I look at MFCB now currently from distribution stage heading into declining stage.

Share Price at the same time dropped bellow EMA 20 & 70, indicating short/mid-term down trend.

While waiting for MFCB market structure change from declining stage to accumulation stage. I will set price alert around 5.44 – 6.02. So that if MFCB hits those price range, which alert me into re-observe this stock again.

I have learnt during my past mistakes that we should let the stock price comes to us, rather than us chasing the stock prices.

Kindly follow me more for value investing =) Lets keep learning together!



Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.