- Price was on downtrend before being supported at RM0.655.
- It then move up and now hovering above 20MA.
- There are 2 possibilities:
a) If price hovers above RM0.69 with decreasing , we can expect price to move up.
b) If price breaks RM0.69, it means market is not ready to move up and may move sideways. Advise to monitor from the sideline.
- If it break the support at RM0.655, then the Downtrend continues.
Let's see how the price movement in the next few bars.