Nott Invest
PELIKAN - Uptrend remain intact
Nott_Invest
Publish date: Mon, 20 Dec 2021, 09:29 AM
PELIKAN
Sector: Consumer Products & Services
Analysed on 19/12/2021
PELIKAN managed to break its previous resistance at RM 0.555 recently and is traded at RM 0.555 on last Friday with immediate resistance and support at RM 0.585 and RM 0.555 respectively. Both EMA 25 and EMA 50 are trending upward, thus the uptrend is intact. Investors may monitor if PELIKAN manage to stay above its immediate support. Considering current price level, it is 5.4% gain to hit resistance at RM 0.585.
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ksng0307
Preferably pullback to FIBO 61.8 for better R/R
2021-12-20 21:04