Chart Pattern for ZECON
High volume in during last week's trading indicating increasing interest in the stock, thus pushing the price up from opening price of RM0.375 to highest of RM0.670
We expect the price to do a retracement to at least RM0.520
If the closing price of subsequent trading days maintain at least RM0.520, we may see recollection of interest in the stock and I would target the price to reach highest of RM0.810.
Please bear in mind, entry at point showing increased buying pressure and with volume of higher than average.
Please also bear in mind to always know your own trading risks tolerance and ability. Trade with care.
Support: RM0.520
Target Price: 1-RM0.670 2-RM0.810
We expect the price to do a retracement to at least RM0.520
If the closing price of subsequent trading days maintain at least RM0.520, we may see recollection of interest in the stock and I would target the price to reach highest of RM0.810.
Please bear in mind, entry at point showing increased buying pressure and with volume of higher than average.
Please also bear in mind to always know your own trading risks tolerance and ability. Trade with care.
Support: RM0.520
Target Price: 1-RM0.670 2-RM0.810
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