Nott Invest

TGUAN - Beautiful Built Up of Volatility Contraction Pattern

Publish date: Mon, 17 Jan 2022, 08:53 AM
Nott Invest Analyses


Sector: Industrial Product/ Packaging (Plastic)

Analysed on 16/01/22

TGUAN is currently trading at RM2.830, with immediate support at RM2.810 and immediate resistance at RM2.920. As mentioned in our previous analysis on TGUAN, it is currently on Volatility Contraction Pattern, with the volatility getting very much lesser recently.

Both EMA25 and EMA50 are sloping upwards, indicate that TGUAN could begin an upward trend. We are in opinion that TGUAN is definitely the counter to put in the watchlist due to the beautiful built up of VCP. Investor can take support level as reference for entry point.

Reason to Monitor: VCP


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