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CMSB rebound soon?CMSB After this few days of minor crash on penny stock, CMSB also been affected. It also been affected by the news of Norges Bank ceased to be substantial share holder on 12 Jan 2024. However, personally I think it will not affect the fundamental of the company. Technical wise, it as mentioned earlier, RM1.18 is a key resistant level that had been tested 4 times since Apr 2023. The last really in the 1st week of Jan 2024 was the 4th attempt to test this level and follow with the major correction. Today, 3rd trading week of 2024, the price been supported the strong support level (RM1.02- 1.05). If next week, the price rebound stronger back and supported by stronger that to be released on end Feb, that's good chance to break RM1.18. If it continue the short term down trend to break below RM1.02 then need to be careful and prepare to take loss.
MYX:CMSB
by mtwwy
Gold (XAUUSD) Update Next Week 18-22 Dec23 The market seems poised for a period of consolidation, suggesting a sideways movement before a potential directional shift. During this phase, support is anticipated around 2010 - 2007, and a retracement could lead to a brief upside towards the resistance at 2028 - 2030. The market currently aligns with a green chart pattern, showing a possible resistance followed by a descent to 2000 - 1995 for Target 1, and further down to Target 2 at 1975 - 1960. Other side, If market successfully breach its resistance levels of 2030 - 2033, as indicated in the buying zone, an upward trajectory is likely possible. This could result in reaching the Target 2050 - 2060, with a subsequent move towards 2090. Monitoring the market closely is crucial to identifying whether it will adhere to the consolidation phase or exhibit a breakout in either direction.
OANDA:XAUUSDShort
by sheikhhamza306