WINTONI has traded in a sideways mode over the past one month and is in the midst of forming a symmetrical triangle pattern. A decisive breakout above the resistance line of RM0.385 (R1) will paints a very bullish picture from a technical perspective. The key indicators are at healthy level, and with both Stochastics and RSI still a fair distance from the overbought zone. Hence, we reckon that the share price could potentially move higher and retests the key resistance level of RM0.385 (R1) in the near-term. Traders may want to buy into the stock upon a decisive breakout accompanied by high daily trading volume.

Source: Kenanga