{SWC}—— Potential Breakout Resistance in VS?
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Strategy: Bullish Pattern Formation
Bias: Bullish Ascending triangle is formed, in addtion, VS is potentially making a further Bollinger Band breakout (BB Breakout) with volume. The share price challenged RM1.40 resistance zone many times since 23 Oct 2019. The previous time it challenged the resistance was on 12 Dec 2019. In this case, it's clearly shown that RM1.40 zone is a major resistance zone which needs to be further broken in order for VS to scale higher!
If the buying interest kicks in with high momentum, potentially VS will make a successful breakout, with next resistance zone at RM1.50 and RM1.59 zone. Around 14% upside provided the breakout is valid. Support zone is priced at RM1.35.
Gentle Reminder: Plan your Trade, Trade your plan.
Kindly like and comment to support if you agree with this trading idea!
Strategy: Bullish Pattern Formation
Bias: Bullish Ascending triangle is formed, in addtion, VS is potentially making a further Bollinger Band breakout (BB Breakout) with volume. The share price challenged RM1.40 resistance zone many times since 23 Oct 2019. The previous time it challenged the resistance was on 12 Dec 2019. In this case, it's clearly shown that RM1.40 zone is a major resistance zone which needs to be further broken in order for VS to scale higher!
If the buying interest kicks in with high momentum, potentially VS will make a successful breakout, with next resistance zone at RM1.50 and RM1.59 zone. Around 14% upside provided the breakout is valid. Support zone is priced at RM1.35.
Gentle Reminder: Plan your Trade, Trade your plan.
Kindly like and comment to support if you agree with this trading idea!
Trade closed: target reached:
RM1.50 target reached within 5 days!
Thank you for your continued support :) Congrats everyone profited!
Thank you for your continued support :) Congrats everyone profited!