Kuala Lumpur Kepong (KLK) share price dropped to 52-week low of RM19.94. 

Is this a time to buy or sell?

What is Triple Bottom based on technical perspective?

From a technical analyst's perspective, a triple bottom is a bullish chart pattern that signals a potential trend reversal from downtrend to uptrend. It's a visual representation of the battle between buyers and sellers, with buyers ultimately gaining control. Here's a breakdown of how technical analysts view this pattern.

Formation:

The pattern consists of three roughly equal lows, where the price tests a support level three times and bounces back without breaking through.

These lows create a "W" or "U" shaped pattern on the chart.

Each bounce off the support level is typically accompanied by decreasing trading volume, indicating diminishing selling pressure.

My view:

1. KLK is forming triple bottom. It should find a support at current level and rebound to about RM23 - RM23.50.

2. The decline in share price is with low volume so it suggests a weakening downtrend.