Formed rounding bottom chart pattern and Breakout past the neckline area 1.45 with heavy volume. Potentially testing the next R 1.63 and 1.74 based on fibonacci projection and chart pattern x-to-x target.
Disclaimer: This is merely a study and not a buycall.
Seems forming ascending triangle and cup and handle pattern. Looks like rebound on fibonacci 0.236 (0.355). Expected to complete the cup and handle pattern and breakout or break the triangle in 2 weeks term.
Kpower projection price for long term. Simple Elliot Wave and Fibonacci . Will hit RM3, retrace to RM1.5 and break RM 3 again. Thus, forming cup and handle pattern. Supported by Fundamental itself, this seems possible.
#TAYOR
Disclaimer:For study purpose only.
