Global Oriental Berhad (GOB) Short-term view.
Updated
Big boy maintaining price at RM0.395
Price broke out RM0.40 three times but unable to sustain, indicating that selling force is strong above RM0.40
Probably big boy is testing selling force above RM0.40 as well, which is good sign indicating that big rally is just around the corner.
Flag formation, with contracting price pattern.
Proper set up done.
Heavy accumulation at RM0.395
Downtrend reversal for medium term.
Entry Point: RM0.40
Cut loss point: RM0.35
Take Profit whenever satisfied.
Price broke out RM0.40 three times but unable to sustain, indicating that selling force is strong above RM0.40
Probably big boy is testing selling force above RM0.40 as well, which is good sign indicating that big rally is just around the corner.
Flag formation, with contracting price pattern.
Proper set up done.
Heavy accumulation at RM0.395
Downtrend reversal for medium term.
Entry Point: RM0.40
Cut loss point: RM0.35
Take Profit whenever satisfied.
Comment
No sign of supporting so far. Run and monitor again without any positions.Disclaimer
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