*16th June Technical Idea*
*DSONIC (Stock code: 5216)*
Dsonic is falling from the peak back to demand zone, potential long bias,
Today share price open high and close higher. Invert pattern, potential entry signal.
We think that Dsonic is in flavor as long as share price no break 1.215.
*Risk: High Risk*
*TP1: RM1.505*
*TP2: RM1.90*
*SL1: RM1.215*
*SL2: RM1.145*
*Risk Return Ratio: 2.52x*
This trade is fully technical call and need sector catalyst to kick off the share price.
1) Aggressive trader can consider for grab TO
2) Conservative investor can accumulate at every demand zone as long as fundamental remain
3) if share price can’t sustain at 1.215 will suggest reduce exposure or wait other opportunity.