STOCK TRADING : 13) OMESTI- top 20 jewel series of malaysia stoc

THIS IS TRADE 103) FRM HAIDOJO TRADING...
-top 20 jewels frm a very popular local bank...

-technical : let's look at some price action...
Omesti has been trading sideway ever since 2015…its price fluctuated within tight range RM0.35- 0.87… it will likely retest the previous high at RM0.70…which is also the X impulse leg of a possible bearish butterfly pattern formation…
Well, personally I don’t trade such aggressive pattern as butterfly pattern…but, it just seems to fit in the place…
current support : RM0.50-0.54
strong support : RM0.35-0.43
resistance : RM0.71, the X impulse leg
higher resistance : formation of D leg ranging frm RM0.82-0.87
“LOOK LEFT, STRUCTURE LEAVES CLUES” …my favorite quote frm Jason Stapleton…
Overall, Omesti is in sideway or consolidation…it needs to break abv the RM0.82-0.87 to retest the RM1.00 region…

WARNING : this is juz a trading idea...trade at your own risk!

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