0e8f8b19869e43618744fd693f2bd6

A highly manipulated stock; suitable for FIFO

MYX:UCREST   UCREST BERHAD
- went through a long period of consolidation
- pivot was established at 270 with higher highs - 270 was the entry point
- volume was tremendously high after a testing bar at 300 - one should be able to profit much after that
- however, the two recent sell-downs meant that the stock is highly manipulated - those who chased high were trapped high up
- one should avoid such stock regardless of the possibility of earning fast money - especially newbies
- experienced traders should be able to identify the entry at 270 regardless of the fundamentals of the stocks

**this analysis is solely for the reference of mine
코멘트:
UPDATE
- stock has gone back to 450
- if it's able to consolidate around this range - this stock is still able to be traded from a TA perspective
- FA wise, no comments as I've yet to go deep into their business model and QR/AR reports
코멘트:
chasing high kills, twice
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