TeropongBursa
Long

SHORT TERM TRADE - REACH - BUY ON BREAKOUT

MYX:REACH   REACH ENERGY BHD
REACH has been rallying for the past few days and has reached critical junction Resistance 1 (R1) with a Doji , while RSI is in the early bullish region >50%. If price break above R1, there is potential to reach R2 with sustained momentum. take regular profits, preferably at 50% and 78% from target.

If price failed to break R1, possible it will test S1 and potentially forming descending triangle chart pattern. If S1 failed to hold, next support will be S2.
KAMARUL NIZAM
FB TEROPONGBURSA
http://teropongbursa.my
Whatsapp https://wa,me/60195262785

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