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SAMCHEM IN ABC FORMATION

Long
MYX:SAMCHEM   SAMCHEM HOLDINGS BERHAD
Can study and monitor SAMCHEM's chart pattern. From 0.650 swing low on 5 August 2021 to a swing high of 1.070 (ie 52wh) on 25 October 2021, SAMCHEM retraced to 0.770 which is in-between fibo786 and 618 levels. At present, SAMCHEM's price has crossed EMA200 and fibo618. Probable EP would be 0.820 to retest a yearly pivot and probable TP would be at 0.950, that is, in-between fibo382 and 236. The probable CL would be at 0.745, that is, below fibo786. This is not an investment call but for study and monitoring purposes only.

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