technicaly ;
Price currently been trading in phase C which is the final shakeout in accumulation phase as i called the SPRING, but to be confirm accumulation been complete price must brake the pink line, pink line acted as a CREEK (resistance)
On 2 Dec price action has closed no supply and today price action turn into bullish favour after forming bullish hammer supported by volume breakout and blue line acting as the immediate support as SECONDARY TEST after the shakeout.
This indicate that demand might taking control real soon, im watching for trading opportunity.
My personal trading catalysts;
The MRT Putrajaya Line (formerly called MRT Line 2) expecting open to public in March 2022, also potentially a big beneficiary of MRT 3 and HSR, but government will only launch mega projects in 2023.
and also recovery in foreign shareholdings.
Price currently been trading in phase C which is the final shakeout in accumulation phase as i called the SPRING, but to be confirm accumulation been complete price must brake the pink line, pink line acted as a CREEK (resistance)
On 2 Dec price action has closed no supply and today price action turn into bullish favour after forming bullish hammer supported by volume breakout and blue line acting as the immediate support as SECONDARY TEST after the shakeout.
This indicate that demand might taking control real soon, im watching for trading opportunity.
My personal trading catalysts;
The MRT Putrajaya Line (formerly called MRT Line 2) expecting open to public in March 2022, also potentially a big beneficiary of MRT 3 and HSR, but government will only launch mega projects in 2023.
and also recovery in foreign shareholdings.