The current point exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
1. Ascending triangle pattern can be seen at current price
2. Had marked the probable support for the chart as looking back at past prices, will always bounce at the support
3. No abnormalities can be seen in RSI and OBV.
4. Potential 2:1 risk reward ratio
LGMS
- A 15 days newly listed stock in the KLSE market.
- Price action in a BUY Accumulation range.
- Stop loss well below its consolidated zone.
- A need to cross above its midpoint for a robust price action rally to occur.
