Fajar just break 2 year Resistance at 0.49 and nicely make box accumulation (thats my term..haha). if bursa go uptrend..high probability to go higher.
tp1: 0.555
tp2: 0.610
CL: if break box.
can study recent same pattern on ORNA & TDM.
FAJAR is riding uptrend channel since its lowest dip during start of MCO back in March-2020.
It is currently set to test resistance zone (0.45-0.46). Since its already on the impulse wave for quite a while, it could probably retrace to 32.8% @ 0.425 before continuing the upward momentum.
However, should it breakout the resistance 0.46, it could test next...