Engtex just broke from corrective wave (flat) in monthly chart.
Once first breakout and retracement done, next will wait for second breakout to the sky~
Is all about elliott wave analysis
✅ naked chart analysis, ❌ indicator
(Disclaimer: for demonstrate own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk)
Laburlah Technical Coverage (18-MAY, Friday):
ENGTEX
Technical Analysis Breakdown
1. Trend: Bullish breakout
2. RSI & Stochastic: Bullish
3. MACD: Bullish
4. Resistance level: 1.23
5. Support level: 1.09
Disclaimer: The abovementioned is purely for sharing purpose, you should seek advice from relevant personnel and do your own analysis before making your move.
