With the recent coverage by Hong Leong IB giving fundamental TP at RM0.65 , we did some study on technical point of view using Wyckoff analysis and Elliot wave. The price has moved beyond the established R line and retrace on the RBS forming. By looking at the volume , we are biased towards the conclusion that the price is showing sign of strength (SOS) , and has recently formed LPS. Our forecast is that the price will continue its upward momentum forming Wave 3 at TP RM0.620 and Wave 5 at TP RM0.685. TAYOR
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.