Perdana looks like to form another flag pattern. Depends on the volume of today's transaction and energy index, if today's close with a form of reversal candles and big volume this will create another momentum.
Previously this stock has made a flag-breakout. And today's opening price has made a gap up by
closing a huge gap on March 20. If today price closes past the trendline, my opinion is that the uptrend to continue the wave 5 may still intact.
Perdana Petrolum Bhd (7108.KL) is forming a bullish double bottom
Buy Entry price: $0.265
First upside target price:$0.275
Second upside target price:$0.285
Stop loss price:$0.245
Price expect to sustain uptrend structure, need to confirm close above Vwap @0.265 as buy strength signal.
Ensuring this confirmation is crucial for solidifying the current uptrend structure, which may potentially signal further market strength and resilience.
