CMS ready to take off? (Cahya Mata Sarawak; 2852.kl)

Stock code: 2852
Stock name: Cahya Mata Sarawak Bhd
Screener: 18LC for 11 Mar 2019
Observation date: 12 Mar 2019

Observation:
a) Price & Volume:
- Price: Low to average spread on the sideways with wide spread on upbars.
- Volume: Low vol. on average price spread with high volume on price upbars.
b) Market Stage:
- End of Accumulation stage (S1) soon and possible beginning of Mark Up stage (S2).
c) Trading Range:
- Price is trading within a Trading Range (since end May'18 till to-date).
- At the same time, we can see a Symmetrical pattern appears with peak and bottom at Point 1 - 6.
d) Resistance & Support:
- Price is well supported at Support Line 2.
- As of today, price closed above Resistance Line 1.
- At the same time, it closed higher than the previous bar, hence nullifying UT.

Remarks:
- As we can see, price has broken above the top side of the Symmetrical pattern.
- If price holds and close higher, this means market decided to move the price higher; a beginning of Mark Up stage (S2).
- Hence, we need to see a few bars to confirm the breakout.