sothye

YONGTAI - upside bias inside symmetrical triangle?

Long
MYX:YONGTAI   YONG TAI BHD
In H1, the stock currently forming symmetrical triangle in the pullback (more like handle of cup and handle pattern). With the positive news today, we could expect some upside movement inside the triangle.

R 0.335
S 0.290, 0.275

This will be invalid if price continues to break previous HL 0.275

Speed: Fast with 457M shares float (44% float of 1040M shares),
Sentimen: Positive sentimen on vaccine distribution deals with TNLOGIS (TheEdge 7-Jan-2021)

TAYOR

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