sothye

PRLEXUS-WA (20/11/2020) is testing support

Short
PRLEXUS-WA is on correction mode after making ATH on 20-Oct-2020. After a month and seems its still on its way to make a new LL on the downtrend channel . If it breaks the support zone (0.605-0.650), it could be dropping towards 0.490 (Fibo level 61.8%) to complete its LL.

Its motherstock ( PRLEXUS ) has higher balance float (64% of 182M shares) than its sector competitor POHKONG (22% of 410M shares) or its common pair CAELY (31% of 195M shares). This could add some friction to its price movement when sentimen is out of its favour.

TAYOR