Technical analysis for BAUTO Stock based on Trend Analysis, Chart Pattern and VPA
BAUTO MAZDA head to RM1.10. Revisit last support. Lockdown forever, who wants to buy a car?
After -13% pullback over 14 days, we observed a reversal with limited upside within symmetrical triangle. We also observed a strong resistance @ 1.47, which could be one of the barriers to hit our TP. Volume is reduced during the pullback, and we can see it continues to build during the reversal. MACD+RSI+STO showing a positive movement and we believe it will...
TA: Higher low formed Short term trendline breakout after long term trendline breakout with EMA25 heading towards EMA50 1st entry price 1.25, 2nd entry price 1.35 TP1 1.45-1.50 (7.5-11%) TP2 1.60 (18%) SL 1.28 (5% loss if EP 1.35) FA: Geely sales volume new high (already react in its share price movement) Vaccine news create confident towards consumer...
Price will retest after breakout from 4 years range take long after retest done