MEGB will fly on this week ???

Breaking News : Join us in Thousand Likes Gathering and stand a chance to win an IPAD Air, if you wish to join us as members please fill in the membership application at the bottom of the websites and also like us on our facebook page, you will receive email updates and instant updates in Telegram group.

MEGB will fly on this week ??? looking at the overall market from US till Malaysia market, most of the stock is down trend and making a big losses, I believed you agreed to me and only couple dozen of counters is stay firm with side-way or uptrend, one of them is MEGB
Let we go through the big trend, which is weekly trend of MEGB. the recent spike up was break the most recent lower low, this indicate the downtrend was ended.

right after this we can see the correction wave take place, which is form a abc wave ended with the massive stock buy back from company.

Let we zoom down to the daily trend line, we did see a dip down for this stock with huge volume and transaction done on this stock, after that with the continue massive stock buy back activities from company and director, we can see the stock broke the downtrend trend line, this is an indication daily trend  

We can do some other comparison with this type of chart patter, the 1st one is we compare to other company, look at the chart, what is happening after the spike up and break the lower high ? it continue go up  right after the correction wave ended.

The last comparison I want to do it the USDJPY yen pair, this 146 drop all the way to 74, if this continue happen , a lot of jpy company will run in to loss due to Japan is exported country and the currency high is add disadvantage to they product.... gov got to do some thing about it. see what happen after they pump in N trillion of dollar to weaken the yen... now usdjpy traded at 107.35

Bank of Japan intervention history
http://snbchf.com/monetary-fiscal-policy/history-boj-interventions/

let we back to MEGB, again I am very detail person to do the analysis before I commit money to the stock, we looking in to the hours chart, it is under ascending triangle and should be break out from 0.42 and heading to 0.475 than 0.645 and RM1
it seem like the MEGB is time to break up and move to the north and I am excited to see this happen from now on

Summary
1.) Massive stock buy back from director and company is similar to Bank of Japan weaken the yen, the results is shown excellent.
2.) Similar comparison chart pattern after lower low been broken and build a new uptrend wave, which is wave 1, right after correction end the wave 3 is pick up and show massive ROI
3.) the daily and short term trend is show it will ascending triangle and will break up and move to 46 sen at any time.
4.) Potential catalyst can see is its potential benefit from the increased education allocation under the recent budge.

My action : I bought at 0.415
SL : Refer to the Kakao Group
SL : Refer to the Kakao Group

Join us 1000 like even and I will share with you how to trade like a pro !!! start making profit,

Thousand Likes Gathering


DISCLAIMER:

Stock analysis and comments presented on klseelwavetrading.blogspot.com are solely for education purpose only. They do not represent the opinions of klseelwavetrading.blogspot.com on whether to buy, sell or hold shares of a particular stock.
Investors should be cautious about any and all stock recommendations and should consider the source of any advice on stock selection. Various factors, including personal or corporate ownership, may influence or factor into an expert's stock analysis or opinion.
All investors are advised to conduct their own independent research into individual stocks before making a purchase decision. In addition, investors are advised that past stock performance is no guarantee of future price appreciation.