Technical analysis for MICROLN Stock based on Trend Analysis, Chart Pattern and VPA 1) In Monthly TF - Overall trend still maintaining the long term UTL with highest VAP 0.440 as strong support. - Current price candle trend had retracement and maintain at Fibo 0.36 area indicate the prior uptrend will continue. Current price candle trend moves in shorter range...
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1.860 need to stand firm before going into another uptrend.
Trading Idea: Microlink Solutions Bhd (MICROLN) Swing Trade Current Price: RM1.69 Support Price: 1-RM1.58 2-RM1.51 Target Price: 1-RM1.74 (+RM0.05/~3%) 2-RM1.90 (+RM0.21/~12%) 3-RM2.06 Price Movement - Volume Action Jaga cutloss #PKPP
Trading Idea: Microlink Solutions Bhd (MICROLN) Swing Trade Current Price: RM1.69 Support Price: 1-RM1.58 2-RM1.51 Target Price: 1-RM1.74 (+RM0.05/~3%) 2-RM1.90 (+RM0.21/~12%) 3-RM2.06 Price Movement - Volume Action Jaga cutloss #PKPP
Those who consider Mircrolink need to becareful... Earlier Triangle Breakout not enough momentum & strenght to push up the price. It look like creating a Rising Wedge Pattern (bearish) .... Hope the result and also the new will move up and break the wedge pattern tomorrow... Otherwise, Microlink may U-Turn.... Dangerous Dangerous!!!