krulefahmi

Bias upwards but watch out the stochastic

MYX:MTAG   MTAG GROUP BERHAD
The symmetrical triangle has formed in a very narrow range with key resistance at 0.56. A breakout upwards would continue the recent positive trends.

However, watch out the stochastic . The stochastic must not drop below 46 to sustain the upwards trends. If breakout upwards not happens, then, look at key support of 0.50 for average down/accumulation and 0.46 cut loss.
Trade closed: target reached:
Hit critical resistance of 0.58 with low sell volume. Uptrend seems still intact but high volume is required to break the major resistance.

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