PENTA VCP Development
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Penta is developing volatility contraction pattern for almost 3 months with contraction % below:
C1: ~18%
C2: ~8%
C3: ~5%
C4: ~4%
Breakout happened yesterday with strong volume.
Immediate support at RM4.90 with ~6% risk.
Disclaimer:
For technical analysis sharing purpose. Please seek advice from your financial planner if you would like to get any stock recommendation.
C1: ~18%
C2: ~8%
C3: ~5%
C4: ~4%
Breakout happened yesterday with strong volume.
Immediate support at RM4.90 with ~6% risk.
Disclaimer:
For technical analysis sharing purpose. Please seek advice from your financial planner if you would like to get any stock recommendation.
Note
Price breakout, can move the support up to 5.17.
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