Possible for sideways breakout. THPLANT is staging a potential breakout from its sideways channel. Corresponding RSI and MACD indicators remain healthy while trending sideways, with anticipation of continuous improvement in both momentum and trend in the near term. Should immediate resistance level of RM0.525 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.565.
However, failure to hold on to support level of RM0.480 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 4 May 2021
Chart | Stock Name | Last | Change | Volume |
---|
calvintaneng
No technical buy lah
Don't play play with this hidden gem
Buy and hold tight tight
2021-05-04 09:30