TeropongBursa

SHORT/MEDIUM TERM - TECFAST - POTENTIAL BREAKOUT

Long
MYX:TECFAST   TECHFAST HOLDINGS BHD
TECFAST on the rise within ascending triangle pattern, If price break out T1, next target is set at T2 using X to X target projection. Take profit regularly along the way to T2 to avoid being trapped. I personally sell half at 50% target and sell all at 78.6% target. trailing stoploss should be exercise in case the price reverses more than 5% or based on personal preference.

If price fail to break T1, potential trading range play can be assumed. Price might trade sideways in range between S1 and S2.
Comment: large buying interest today. expect profit taking for few days before rally continue.
KAMARUL NIZAM
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