Bias: Bullish, Big spike was recorded on last friday (T+0) and there was no significant sell down observe on T+2. Diminished volume. Successfully closed in green today.
Potentially Symmetrical Triangle breakout set up is spotted. SWC expects a positive movement in near term if it successfully breakout from the triangle and generate more momentum.
Resistance: RM0.985 after RM0.960 previous high.
If you found this idea is useful, don't hesitate to like and comment! :)
Order cancelled
⋅
Potentially Symmetrical Triangle breakout set up was spotted. However, Krono did not make a successful breakout from the triangle today, thus, the potential breakout formation no longer valid. Trade cancelled.
Thank you for continue following us:) Let's focus on more potential trading ideas!