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CSCSTEL ON ELLIOTT'S ABC CORRECTIVE ZONE

Long
MYX:CSCSTEL   CSC STEEL HOLDINGS BERHAD
CSCSTEL has previously rebounded at 1.170 as per Elliott Waves' Theory on ABC Corrective Zone on expanded flat which happens to be just over above the 52-week low and fibo618 between Wave 1 and Wave 5 retracement. At present, the price has crossed the daily pivot point. To enter trade, the potential EP would be a retest of the daily pivot point and the CL would be just below a yearly and monthly support as depicted in the chart.

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