One of the key traits(s) of sudden breakout of penny stocks is a prolonged period ranging from 3 – 6 months of consolidation phase. Dated 25th September, FAST had already been consolidating for the 3rd month consecutively, and traders can begin to monitor any potential upward movements going forward. Currently, FAST is trading at a tight range of RM0.025 to RM0.030, with accumulation index maintaining at a higher level despite no significant volume changed hands. Both Bollinger Band and MACD indicator showed flattish trends, too.

Should a breakout were to occur, key TP level of RM0.045 should be monitored.

SP1: RM0.025

RS1: RM0.030

TP: RM0.045