Zantat Holdings Bhd to Gain Momentum for New HighIn daily timeframe, price is holding well above the MA 20 indicates the momentum still intact for short term period.
In lower timeframe H1, we can see a reversal followed by a bullish continuation pattern and currently price is capped below the supply zone area of 0.515 to 0.525.
To further validate the bullish movement, price to close above 0.515 in weekly timeframe as a breakout from the previous weekly bear candle.
A break below 0.470 invalidates the bullish movement and will further move downwards to 0.455.
ZANTAT trade ideas
ZANTAT, Uptrend based on AlgoSignal StrategyThe current point exhibits promising upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
