GDEX - Rise after the announcement of MCO
Hi, good evening guys.
There will be possibility Logistic will be active back after the correction.
This is because of the announcement regarding MCO that has been made at 4pm had triggered this company.
From the pattern, i see an opportunity to grow long. Almost 3months from the fresh breakout, and the descending triangle has formed. The price decrease as the volume shrink.
I see the strong support should be hold the price at RM0.330 and the first resistance need to aware of at RM0.355.
I had checked the chart based on multiple indicators and oscillators to double confirm the chart.
There will be possibility Logistic will be active back after the correction.
This is because of the announcement regarding MCO that has been made at 4pm had triggered this company.
From the pattern, i see an opportunity to grow long. Almost 3months from the fresh breakout, and the descending triangle has formed. The price decrease as the volume shrink.
I see the strong support should be hold the price at RM0.330 and the first resistance need to aware of at RM0.355.
I had checked the chart based on multiple indicators and oscillators to double confirm the chart.
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