PMETAL looks like to form a pennant pattern. As a confirmation, we have to wait whether the price could break the Resistance of RM5.845 or not.
Weekly - oversold. Daily - entered ichi cloud. 4HR - crossed ichi cloud. TP weeky intersect blue.
PMETAL Theme: Aluminium Rst: 6.01 Spp: MA50 Well supported alongside MA50 trendline, uptrend basically undeterred by retracing indicators, which is signal the stock will continue its upward trajectory, potentially towards 6.01 area
Still got room to move above at the monthly resistance above. Stop loss below swing low.
Laburlah Technical Coverage (24-APR, Tuesday): PMETAL Technical Analysis Breakdown 1. Trend: V-shape reversal/ bullish 2. RSI: Sideline 3. Stochastic: Retracing 4. Resistance: 5.47/ there's a gap to fill up 5. Support: 4.91 Disclaimer: The abovementioned is purely for sharing purpose, you should seek advice from relevant personnel and do your own analysis...
Laburlah's Daily Complimentary (06-MAR, Tuesday): PMETAL Technical Analysis Breakdown 1. Trend: Bullish trend violated 2. RSI: Bearish 3. Stochastic: Bearish 4. Next support: Fibo 23.6% or 4.56 5. Risk: Growing selling pressure Telegram: t.me Facebook: www.facebook.com Disclaimer: The abovementioned is purely for sharing purpose, you should seek advice from...