HOHAFIZOTH

Backtesting Naked Chart Analysis

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MYX:YBS   YBS INTERNATIONAL BERHAD
This analysis consist of multi timeframe analysis and changing between candlestick and line chart. The price has broken those 2 Monthly Resistance colored as red line showing strong buy. Expecting pullback price. The price reach the Weekly Support colored as orange line and it close above the support. Then we go to Daily time frame to entry. There is a continuous bullish trendline. Can directly entry there back then, but if missed the setup, there is an inverted Head and Shoulder which showing strong bullish and that is the best entry with minimum risk maximum reward. This is totally technical analysis without combining fundamental analysis. I bought this stock for my competition #Tradingcupinvestingnote.

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