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KANGER

Bursa Kanger International BerhadPrice has been at this current Weekly & Monthly SnR price zone since a month ago, expecting it to go lower as RM 0.75-0.70 before continuing uptrend & break the Descending Trendline. May secure position before it going back uptrend. Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
MYX:KANGERLong
by AkuPaPoRex
KANGER (27/11/2020) on another rally?On H4 chart, KANGER has been on sideways for about 2 months. Since 2 weeks ago, its been forming 2 higher lows creating an ascending triangle pattern. The price will be testing resistance zone 0.205 - 0.215 with support of 0.145. Breaking of resistance zone could bring the price to 0.250 and 0.285 (RRR 1:2.5) MACD on last hour chart started to show breakout signal, but we won’t know for sure. It could be cancelled out in next trading hour. Stochastic on H4 chart showing a good momentum for upward movement inside the channel. KANGER is quite a heavy stock with large balance float (48% of 2255M shares) compared to its competitor RGTECH (22% of 525M shares). This could add significant friction to price action. TAYOR
MYX:KANGERLong
by sothye
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