Recent support is indicated at MA100 while the resistance at MA50.
Taking position at current price has limited downside risk as the current price near to MA100.
Nevertheless, Comfort Glove is struggling to maintain above RM4.0 in the recent two high candlesticks. This could be deemed as a psychological resistance.
I believe the price movement will remain in a...
The symmetrical triangle has formed in a very narrow range with key resistance at 0.56. A breakout upwards would continue the recent positive trends.
However, watch out the stochastic. The stochastic must not drop below 46 to sustain the upwards trends. If breakout upwards not happens, then, look at key support of 0.50 for average down/accumulation and 0.46 cut loss.
Technical Analysis (Neutral - positive bias)
ATA IMS remains in sideways/bearish bias after failed in an attempt to continue its bull run. Nevertheless, it is good time to accumulate as the current price is near to support level 1.23, 1.20.
The stochastic level near to oversold range indicates the current trend (sideways/bearish bias) might be over soon....
