Chart Pattern: Triangle Consolidation Breakout
SAMCHEM has formed a triangle consolidation pattern in the past week and the price has just broken out the downtrend resistance line, giving us a signal to buy in the stock.
Based on the triangle breakout calculation, final target price would be 0.855. However, the risk-averse investors could set their first tp at...
Along with the news that a war may start between USA and Iran, the whole market closed today with a panic sell down(KLCI dropped 21.94 point to 1589.10).
At the same time, CYPark had also dropped to its support level (RM1.450, Fibonacci at 0.382 level), which gave us a chance to buy in the stock. Overall, CYPark is in uptrend and hence I believe that the stock...