Possible for chart pattern breakout. PGLOBE is potentially staging a breakoutfrom its descending triangle chart pattern, with anticipation of continuousimprovement in both momentum and trend in the near term. Should immediateresistance level of RM0.320 be broken with renewed buying interest, it maycontinue to lift price higher to subsequent resistance level of RM0.335.
However, failure to hold on to support level of RM0.290 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 9 Oct 2024
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Created by PublicInvest | Nov 12, 2024