Possible for chart pattern breakout. TIMWELL is potentially staging a breakout from its ascending triangle pattern, with anticipation of continuous improvement in both momentum and trend in the near term. Should immediate resistance level of RM0.750 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.780.
However, failure to hold on to support level of RM0.675 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 26 Jan 2022
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Created by PublicInvest | Mar 21, 2024