FP_ZZZ

PERMAJU, volume spike indicated buying interests?

Long
FP_ZZZ Updated   
MYX:PERMAJU   PERMAJU INDUSTRIES BHD
PERMAJU closed Green on Thursday at 67.5c (soft resistance level at 68c) and breaking out purple-dashed trend line with volume spike (indicating buying interests). Next resistances seen are at 73c, 77c (soft), 78c before potentially testing 82.5c as per Fibonacci Retracement levels, Ichimoku Cloud's lines and past candlesticks pattern. Support is seen at 65c as per Fibonacci Retracement Levels and past candlestick patterns. MACD about to cross for buy signal with RSI pointing up at 30-ish indicating bullish view. News on PERMAJU venturing into Sanitizer Gateway (strategic preventive measure for COVID-19) business could be a good catalyst. My 2 cents. TAYOR.
Trade closed: target reached
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