• After falling below its uptrend channel, it seems that the stock is now gyrating in a triangle pattern (represented by dash lines). Although it may still edge a tad higher, we would only turn more positive when the candlesticks cut above RM1.04 to confirm this bullish tone. If it fails to do so, near-term gains are likely to be capped.
• Indicators are showing some signs of improvement. MACD is picking up slowly while RSI has also bounced off its lows.
• Only risk takers should look at this stock as there is equal chance that the stock might not be able to cut above RM1.04. For now, we advocate
investors to sell on strength. Support is seen at RM0.905.
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