NOVAMSC - Falling Wedge pattern BreakoutThe stock has broken the falling wedge pattern.
In terms of FA it is not very convincing but the annual revenue show an improvement from 2022 until this year.
Also a news of 2 Singapore based firms have subscribe share agreement with this company with a total investment RM81mil.
NOVAMSC trade ideas
NOVAMSC - Potential price targetY wave. Target (E) within stipulated time. A death cross has occurred. Need a strong momentum to push the price. If the price keep upward, a golden cross may happen and reach the price target.
R1 - Tenkan Sen
R2 - Kijun Sen
S - 0.165
Note:
1. Analysis for education purpose only.
2. Trade at your own risk
NOVAMSC - Need strong momentum to push price upward.Is there any strong momentum to push the price upward? Price is above up Kumo but Tenkan Sen, Kijun Sen & Senkou Span A as a resistance to be breakout.
N wave projection with E, V, N & NT target. NT is the nearest target to be achieve. Price need to breakout 52w High to achieve the rest target. Support at 0.155
NOVAMSC (0026) a Price Breakout into Long Term Uptrend Pending.Kindly click FOLLOW to receive more updates.
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NOVAMSC (0026)
A Price Breakout into long term uptrend pending. A close above RM0.130 and maintain above this level will keep this stock in its upward momentum in the long run.
**IMPORTANT**
Ideas shared are merely just for analysis and studies. No buy or sell call actions should be taken seriously unless the person reading this has done his/her part of analysis at their own free will.