Nott Invest
TGUAN- nice VCP setup
Nott_Invest
Publish date: Sun, 07 Nov 2021, 11:53 PM
TGUAN
Sector: Industrial Product/Packaging(Plastic)
Analysed on 7/11/21
TGUAN is currently trading at RM2.840, with immediate support at EMA25/50. TGUAN closed with a tiny green candle on last Friday with low volume which considered as a weak signal for traders(near resistance). However, investors may put it into watchlist and look for suitable position to buy.
We covered this in early September and the VCP is still valid as per our expectation. It is interesting to monitor if TGUAN can break its previous resistance range of RM3.20.
Reason to Monitor: VCP
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