Possible for sideways breakout. WZSATU is staging a potential breakout of its current sideways formation. Slightly improved RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.235 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.260.
However, failure to hold on to support level of RM0.205 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 7 Aug 2020
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moneykj
Next week watch out Media
2020-08-09 10:51