AFFIN ended at RM4.20 and is currently undergoing a mild correction phase after marking an all-time high on the 20 contracting, we reckon that AFFIN’s price action may narrow further towards the apex of the triangle. An anticipated upside breakout is likely from there, which should pave the way for further gains towards RM5.08. Hence, we suggest that traders watch for a decisive breakout signal (triangle breakout) in the coming days. Meanwhile, downside support is likely to be located at RM4.06. 

 

Source: Kenanga