{SWC}—— KRONO, Symmetrical Triangle?

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Strategy: Price Volume Analysis

Bias: Bullish, Big spike was recorded on last friday (T+0) and there was no significant sell down observe on T+2. Diminished volume. Successfully closed in green today.

Potentially Symmetrical Triangle breakout set up is spotted.
SWC expects a positive movement in near term if it successfully breakout from the triangle and generate more momentum.

Resistance: RM0.985 after RM0.960 previous high.

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Order avbruten:

Potentially Symmetrical Triangle breakout set up was spotted. However, Krono did not make a successful breakout from the triangle today, thus, the potential breakout formation no longer valid. Trade cancelled.

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