A bullish bias emerged above symmetrical triangle, coincides with daily resistance at RM1.36. As such, the stock may head north to test resistance above at RM1.38, RM 1.54 and RM 1.95. If the price continues edging higher above ATH at RM2, the price will likely to surge towards the next Fibonacci target at RM2.58. Meanwhile, a reversal below RM1 would negate this expectation.
Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only
Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only