K-ONE TECHNOLOGY BHD: POTENTIAL TRIANGLE BREAKOUT

By Zimy
K1 is on quiet long consolidation period. From the chart we can see it is still on the uptrend pattern. I think based on the oscillator and symmetrical triangle pattern, it can surpasses higher resistance level @ 0.360/0.390 in the next day forward. As a safe trading strategy I suggest to buy only on pullback of the trendline level @0.295/ breakout of the resistance level @0.360.
Chart PatternsTechnical IndicatorsTrend Analysis

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