Sector: Technology/Analog, Digital, RF Tester

Analysed on 17/10/2021

One of our favourite counters for sure. We covered this since last month 19^th and identified its potential for breakout after the bullish candle was formed. Price did go up to RM 1.140 but has retraced after hitting a ceiling. However, it is still well supported by the EMA 25/50 and neckline support which is around RM 1.00. Similar scene happened last Friday. Hence, investor who is interested can take EMA 25/50 as reference for entry point. As long as EMA 25/50 are sloping upwards, price has a good chance to break the descending triangle trendline in near future.

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