Market sentiment on Friday is really weak, we notice a very interesting counter that undergoing strong set up.
TASHIN is involved in steel related products which expected to benefited from current commodity bull run, evidenced by improving profit margin in recent QR.
Share price experienced re-accumulation stage since June 2021.
Smart money is flowing in recently.
Price just break out from triangle resistance RM0.625
Price sustained even in weak market sentiment showing really strong uptrend forces.
immediate resistance RM0.66
Once RM0.66 break, we expect a strong rally following up.
Entry: RM0.665
Cut-Loss:RM0.64
Exit:RM0.70
TASHIN is involved in steel related products which expected to benefited from current commodity bull run, evidenced by improving profit margin in recent QR.
Share price experienced re-accumulation stage since June 2021.
Smart money is flowing in recently.
Price just break out from triangle resistance RM0.625
Price sustained even in weak market sentiment showing really strong uptrend forces.
immediate resistance RM0.66
Once RM0.66 break, we expect a strong rally following up.
Entry: RM0.665
Cut-Loss:RM0.64
Exit:RM0.70
Note
Good QR released and we see strong selling forces. However, the price standstill above support RM0.62 suggesting there is a big boy purposely pressing price down.Keep monitoring! Rebound and rally should happen soon when overall market sentiments improving.
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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.
Disclaimer
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.