Few sign of strengths are well spotted too during the accumulation period which show Smart Money are flushing the weak-hand holders and buy at the lower price. Currently Dancomech offer a low risk short-term trade as the chart just turned to mark-up stage.
Based on hourly chart, we spotted 2 buy signals from 18LC with high . The 2nd Buy Signal formed a good setup for those who missed the 1st entry. Place your stop loss below the RM0.495 and take profit at the resistance RM0.58.
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock.
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