PMBTECH - BOTTOM HAVE REACHED and POSSIBLE TREND CHANGING ?PMBTECH - Current Price : RM1.93
PMBTECH may had reached bottom as we can see in chart there is BULLISH DIVERGENCE in stochastic oscillator. Furthermore, the low is getting higher than previous low indicates some bullish scenario.
In addition, based on ICHIMOKU CHARTS, CHIKOU SPAN manage to climb up above LEADING SPAN 1 (but still below LEADING SPAN 2 - means still inside CLOUD). And today share price is testing to move upward into CLOUD.
Take note also that share price is trading above 50-day EMA. With all the information we identify in the charts, we believe that the share price may move upside in the upcoming session.
1st target will be the FALLING RESISTANCE LINE (blue colour line) , 2nd target will be 200-day EMA. Support is RM1.75 (the low of LONG OPENING BOZU WHITE CANDLESTICK)
Notes : Please study the FUNDAMENTAL of company and also other related news/catalyst. Trade at your own risk.
