The stock rose and formed a white bullish candle last Friday, breaking out above its 3-week long triangle pattern. The breakout was supported by a higher trading volume which indicates a renewed buying interest after the stock’s consolidation from the 52-week high. More upside is likely to follow after the said breakout, underpinned by the rising EMAs.
I think that aggressive traders may want to go long now with a stop-loss set at RM0.970. For today, price may go down to MA Low in Daily and 4H timeframe, that is a good sign to buy now.
Follow-through buying may lift prices to test the historical resistances at RM1.10 and RM1.15. My target price using fibonacci is at RM1.28