The profit target for the pattern is the price difference between the head and the low point of either shoulder. I would say it's RM1.05 differential.
Having said that, imo the demand area for a bounce or reversal would be around RM7.00.
Covid-19 daily cases in Malaysia have been breaking ATH after ATH. The nation's healthcare system is at a breaking point. Govt warns it will impose full-scale lockdown if infections don't decrease.
Still, Maybank is Malaysia's largest bank and the largest company. I will be definitely looking to add by stages if it really hit my target price.
IMO RM7 might be a little too far stretched, I felt that RM7.20-RM7.30 is a more reasonable price for demand bounce back, just my personal opinion though.
Inandouthunter
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@evonnewoon93, certainly. that's just a prediction based on head length. which is why area demand is around that level. Peace! :D