Wednesday, June 7, 2017

WILL THIS PENNY STOCK CONTINUE TO TREND HIGHER?

Moya Asia stock
Ever since Moya Asia stock touched an intra-day of $0.122 in the previous few sessions, the stock has been making lows recently. On 5 Jun 2016, the stock retreated to its support of $0.115, a price level which I have shared with readers before. But this low price was not long, yesterday (6 Jun 2016), Moya Asia stock rallied up from an intra-day low of $0.113 to close at $0.125, a price rally of 8.7%! With $0.125 level reached, could we say that the resistance of $0.122 for Moya Asia stock or more correctly Moya Holdings Asia has finally been crossed? And if so, will it means more upside for Moya Holdings Asia?
Since selling the stock before it made its low to $0.115, I was waiting for Moya Holdings Asia stock to cross further down below. I will not be making further trade in this stock before I see more clarity to what its new price patterns mean. Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.

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