KLSE Technical Analysis
Opcom Holding Bhd / KPSCB(9121) GOOD TO INVEST ?
Opcom Holding Bhd.
Today second attempt to test Symmetrical/descending triangle breakout, most likely it should breakaway and try to immediate resistance very soon at $0.970. After this level breach it should moving toward target of $1.10/1.20.
We should face resistance at 1.06/1.16 along the path.
My Stop loss is <0.860
KPSCB(9121)
I Bought in at 0.485/0.490, reason was due it breakout with substantial volume and form flag pole(bullish implication), this breakout form wave 3 formation and most likely will have another push through above 0.500/0.505.
Profit taking was took place near 0.490/0.505 on last 3 trading days, I expect it should dissolved soon once this volume digest and it should have next move up to target $0.560/0.595. Along the path to the target of $0.560/0.595, we expect to face resistance of $0.530/0.545/0.560.
Note: Breakaway from $0.500 should invite more buyer to join the ride.
I will stop loss if Prices go below $0.445
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Investors should be cautious about any and all stock recommendations and should consider the source of any advice on stock selection. Various factors, including personal or corporate ownership, may influence or factor into an expert's stock analysis or opinion.
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