On Wednesday, 3 Oct 18, the stock maintain on positive momentum and looks set to try for a BREAKOUT after almost 1 month in consolidation period. The price also in the positive outlook above both 20 MA and 50 MA lines. Ongoing momentum also by the Stochastic Oscillator patterns. Rally is likely to occur if the price can BREAKOUT the RM1.49 level. More buying...
Reason for Entry: 1. Pullback after Line Change with high volume. Price supported well at RM1.36 2. Turned to bullish green heatzone indicate continuation of the uptrend 3. Strong background with lots of Sign of Strengths (Test, Spring and Line Change) 4. Stop loss at RM1.34 with risk -3.6% only based on entry RM1.39
TALIWORK closed at previous resistance T1. A break above this level will see the price trading into new territory. Target is set at T2 . Support is at S1 (along red line) and S2.