Possible for chart pattern breakout. TECHBASE is potentially staging abreakout from its descending triangle pattern, with anticipation of continuousimprovement in both momentum and trend in the near term. Should immediateresistance level of RM0.225 be broken with renewed buying interest, it maycontinue to lift price higher to subsequent resistance level of RM0.250.
However, failure to hold on to support level of RM0.195 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 19 Apr 2024
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