CHINHIN Daily Chart
CHINHIN (5273) made a successful breakout of the downtrend line in the latest session with closed above the Fibonacci Retracement level of 50%, indicating some degree of strength for the bull to push the price higher in the next trading days.
However, the price was retreated after tested the 61.8% of Fibonacci Retracement level, which is equivalent to MYR0.850 and closed at MYR0.845.
In case this level is broken above decisively with notable increased in traded volume, foresee a strong bull will lead CHINHIN to test the historical high of MYR0.895.
Good luck and happy trading!